wyecrabber1
Recycles dryer sheets
- Joined
- May 20, 2015
- Messages
- 148
Last year my wife and I purchased a model home near St. Augustine. We rented to home back to the builder. I received a 1099 MISC showing rental income of $20,870. I completed a Schedule E, with expenses, the net income was $5,500. Our residence for 2019 was Maryland.
Completing my Maryland return, Quicken transfer the Adjusted Gross Income from the Federal return. My understanding is I do not include the rental income from the Florida property. I think I should the AGI amount by $5,500 for the Maryland return.
Correct?
Also, Florida does not have a personal State Income Tax -- so, I am not require to file a return. -- Right?
Thanks in advance for the help.
Completing my Maryland return, Quicken transfer the Adjusted Gross Income from the Federal return. My understanding is I do not include the rental income from the Florida property. I think I should the AGI amount by $5,500 for the Maryland return.
Correct?
Also, Florida does not have a personal State Income Tax -- so, I am not require to file a return. -- Right?
Thanks in advance for the help.