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February 13, 2024
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Is the interest (1099-INT) from my mortgage company taxable in Maryland?

  • February 13, 2024
  • 2 replies
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Best answer by dmertz

Interest reported in box 1 of a Form 1099-INT is not excludible from taxable income in Maryland.

2 replies

AmyC
Employee
February 13, 2024

Mortgage interest is reported on a 1098 so I am thinking you invested in a mortgage company that provides interest. If the company invested in local/state bonds, then that portion could be exempt.

 

Reference:

Here are the MD Instructions. You can hold control and F to open a search box

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dmertzAnswer
Employee
February 13, 2024

Interest reported in box 1 of a Form 1099-INT is not excludible from taxable income in Maryland.