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See what's trending for the November 15th deadline (Form 990) and resources for the upcoming tax season. View ProConnect Hot Topics.
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- Is the MD 510LU functioning properly? It doesn't seem to remove that income from the state taxable income.
Is the MD 510LU functioning properly? It doesn't seem to remove that income from the state taxable income.
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franniedinatale
Level 1
03-16-2021
08:19 PM
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State and local grants are not taxable but the state adjustment doesn't seem to be happening in the software for 510LU.
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sjrcpa
Level 15
03-16-2021
09:04 PM
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I didn't even know MD had released that yet.
My guess is we need to wait for the software to be updated.
The more I know, the more I don't know.
