Sale of rental property in another state
If I had long term capital gain in Massachusetts shouldn't I only be taxed on Federal and MA returns? I live in Maine and pay taxes on income here but will the MA based capital gain be taxed twice?
If I had long term capital gain in Massachusetts shouldn't I only be taxed on Federal and MA returns? I live in Maine and pay taxes on income here but will the MA based capital gain be taxed twice?
You have Massachusetts source income (gain) so you need to file a Massachusetts return.
However, you should get a credit on your Maine return for any tax you had to pay to Massachusetts.
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