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VOLUME LIV NUMBER 6 / OCTOBER / NOVEMBER 2020Financial Readiness: Are You Prepared? Unlocking the vast resources available from NARmdrealtor.org / marylandhomeownership.com12Statewide Forms Update
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Maryland and Virginia mixed-use refers to a tax filing form that combines income earned in both states for certain taxpayers who operate businesses across state lines.
Taxpayers who earn income from both Maryland and Virginia and meet specific filing criteria are required to file the Maryland and Virginia mixed-use form.
To fill out the Maryland and Virginia mixed-use, taxpayers need to complete the required sections related to income, deductions, and tax credits for both states as outlined in the filing instructions.
The purpose of the Maryland and Virginia mixed-use form is to properly report income earned from multiple states and ensure taxpayers meet their tax obligations in both jurisdictions.
Information that must be reported includes total income, deductions, tax credits, and allocation of income between Maryland and Virginia.
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