Maryland sale of residence

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  • Deborah
    Member
    • Sep 2005
    • 40

    #1

    Maryland sale of residence

    Client sold home in Maryland and moved to Washington.
    They have listed all sorts of "tax stamps" in their income tax data and I am wondering if in Maryland these are tax deductible? I also see that Maryland has both sales tax and income tax and wonder if these would be added to the sales tax deduction which then may exceed their state income tax deduction?
    Also, they got a refund for 2006 taxes but did not provide a 1099G - is a 1099G always issued if the income tax refund is taxable (when Sch A is filed).
    Thanks.
  • veritas
    Senior Member
    • Dec 2005
    • 3290

    #2
    Tax Stamps

    look at page 6-2 in TTB.

    1099G for tax refunds-It's your job to determine whether it's taxable or not.

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