I paid MD withholding taxes as non-resident when selling property. I am asking for a refund.I see there is a loss in the Asset Disposition Column E Gain adjustment as sold a property.This results in a large loss for Total Sale of Asset Adjustment. Thanks.

S

Sam123

Question

Maryland- MD Form 500 DM for 2019 Tax Year- What is the purpose of this form for a non resident who sold a property?

Forum|Forum|5 years ago
February 9, 2021
1 reply
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I paid MD withholding taxes as non-resident when selling property. I am asking for a refund.

I see there is a loss in the Asset Disposition Column E Gain adjustment as sold a property.
This results in a large loss for Total Sale of Asset Adjustment.

Thanks.

TurboTax Premier Online

DaveF1006

According to this following Turbo Tax source, Maryland- MD Form 500 DM relates to the depreciation on your rental that you sold. Look at the bullet points listed in this source to see if any of this applies to you.

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