Welcome back! Ask questions, get answers, and join our large community of tax professionals.
cancel
Showing results for 
Search instead for 
Did you mean: 

How do I allocate income to a specific partner on MD Form 510?

Highlighted
Level 1
 
Labels (1)
0 Cheers
2 Replies 2
Level 7

Maryland has a K-1 worksheet like the Federal that allows you to allocate certain items by ration #1-#4 and by amount A-D.

0 Cheers
Highlighted
Level 1

The K-1 properly reflects the SA but the Form 510 is still utilizing the ownership % to calculate the non-resident tax due.  How do I correct that?

 

The instructions say if you used SA on the federal return the program MAY change the ownership % to reflect the allocation.  That is not happening.

0 Cheers