I am a MD resident and I need to report PTE taxes paid to other states as an "other addition to income" on MD form 502 line 5, code T. How do I do that in TT Online?
I am a MD resident and I need to report PTE taxes paid to other states as an "other addition to income" on MD form 502 line 5, code T. How do I do that in TT Online?
To report the portion of the taxes paid to another state by a passthrough entity that will become an addition modification with code t you will edit the "Credit for taxes paid to another state" topic in your MD state interview.
Edit your MD state interview
Edit the "Credit" topic
Edit the "Credit for taxes paid to another state" item
You will find the boxes for portion of taxes paid by the PTE at the entity level there.
Amounts entered will go to MD form 502 line 5 with code t
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