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See what's trending for the November 15th deadline (Form 990) and resources for the upcoming tax season. View ProSeries Hot Topics.
See what's trending for the November 15th deadline (Form 990) and resources for the upcoming tax season. View ProSeries Hot Topics.
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- Rental income on MD nonresident tax return ...tax not calculating?
Rental income on MD nonresident tax return ...tax not calculating?
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annmariep
Level 1
02-27-2022
11:53 AM
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Hello...working in Proseries Basic on a MD nonresident tax return with MD rental income. taxpayer is a NJ resident if that makes a difference. I cannot get the MD tax to calculate on Form 505.
Tax return seems to be calculating a negative MD AGI of ($1,100). MD rental income is $4,900. The difference of $6,000 seems to be attributed to the daycare credit of $6,000 on line 6a of form 505NR. If I plug $6,000 income into the Non-MD Income smart worksheet, the proper MD AGI of $4,900 calculates, thereby prompting the MD tax to calcuate.
What am I doing wrong? I can't leave that $6,000 in the income smart worksheet and I don't want to override. thanks in advance for your help.
Ann Marie
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