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Entity paid MD tax on behalf of it's nonresident shareholder. On the Form 510 Sch K Equivalent Wks the tax paid is entered in Section D on line 1.
On the shareholders MD form 505 the amount paid should appear on line 45. For the life of me I can't seem to get to the source entry - get the amount paid on line 45. Unless I do an override I can't seem to figure out how to get the amount to on that line.
It's been awhile since I did nr MD PTE from Sch 510!
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Form 502CR Line 9 of Part CC. And then on the 505 Other Additions to Income Worksheet an addback addition of the exact same amount on Line r.
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Is it PTE or a payment for a non-resident shareholder? THEY ARE NOT THE SAME.
There is another thread here on the differences.
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Shareholder is non-resident. The PTE did not file the election to treat the estimated tax paid at the entity level.
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I have a fiscal year S corp. PTE is such a nightmare I've decided to forgo paying except when there are non-resident shareholders.