Is MD Form 500 LU available on ProSeries yet? I update daily but I haven't seen it. Maryland told me they released it. It is to exclude Coronavirus relief grant income that was taxable on Federal. Many thanks to anyone who can assist.
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The Form 500LU has been released and should be available for your use in the Maryland Corporation module. When you are using the software, can you please review the version and component data to ensure the version on your machine is the most up to date?
Under the Help menu, click "About Proseries".
Click on the Blue tab labeled "Version".
Please confirm for Component S2020MD500 the Version Number is "2020.6.0.1"
Next click on the Blue tab labeled "Component".
Please confirm for Component (wmdcpro) maryland corporation the Version Number is "20-1080".
This will help me know if you have received the most recent releases.
Thank you for your specific guidance. Now I see I was looking under MD Pass-Thru Entitity, S-Corp, not C-Corp for the form. Since it's an S-Corp I'm working on, I should use 502 LU to subtract the grant income.
Sorry to waste your time but you were a big help.