MARYLAND
504
FORM
FIDUCIARY INCOME TAX RETURN
Page 2
NAME ____________________________ FEIN _______________________________
095040149
FIDUCIARY’S SHARE OF MARYLAND MODIFICATIONS
(a) do not complete lines 1 through 9 if the fiduciary distributes all of the income during the tax year . See Instructions . (b) Complete lines 1 through 8 and enter on line 24
if the fiduciary retains 100% of the income for the tax year . (c) Complete lines 1 through 9 if a partial distribution of income is made by the fiduciary during the tax year .
Write a minus sign (-) in front of any negative numbers.
ADDITIONS
1
1 .
Interest on state and local obligations other than Maryland . . . . . . . . . . . . . . . . . . . . . . . . . .
2
2 .
Income taxes deducted on federal return (not added back elsewhere) . . . . . . . . . . . . . . . . . .
3
3 .
Other additions to income (Specify) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
4
4 .
Total additions (Add lines 1 through 3) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
SUBTRACTIONS
5
5 .
Income from U .S . obligations . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
6
Other subtractions (Specify) (Do not include non-Maryland income) . . . . . . . . . . . . . . . .
6 .
7
7 .
Total subtractions (Add lines 5 and 6) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
8
8 .
Net Maryland modifications (subtract line 7 from line 4) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
9 .
Fiduciary’s share of net Maryland modifications . divide the distribution deduction from federal Form 1041 by the total income, expressing the answer in decimal form .
Subtract the decimal from 1 and multiply the difference by line 8 .
.
9a
1 – ( ________________________ ÷ ________________________ ) = ________________________
(enter on line 9a)
distribution deduction
Total income
Undistributed
Line 18 of
Line 9 of
income factor
federal Form 1041
federal Form 1041
9 b
________________________ x ________________________ = ________________________
(enter here and on line
9b and line 24)
Share of net modifications
Undistributed
Net Maryland modifications
income factor
Line 8 of this form
NONRESIDENT BENEFICIARY DEDUCTION
Complete this area only if any beneficiaries are nonresidents of Maryland, attach Form 504 Schedule K-1 for each beneficiary.
10
10 . Income from intangible personal property accumulated for a nonresident (See Instruction 9) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
11
11 . Related expenses . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
12
12 . Nonresident beneficiary deduction (Subtract line 11 from line 10 .) Enter on line 26 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
CREDIT FOR TAXES PAID TO OTHER STATES
Compl ete this area if the fiduciary is a resident and is liable for income tax to another state. Attach a copy of the return filed with the other state.
13
13 . Maryland net taxable income (from line 29) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
14
14 . Taxable net income of fiduciary in other state . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
15
15 . Revised taxable net income (Subtract line 14 from line 13 . If less than 0, write 0) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
16
16 . Maryland tax (from line 30) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
17
17 . Tax on amount on line 15 (Use rate schedule .) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
18
18 . Tentative tax credit (subtract line 17 from line 16) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
19
19 . State tax shown on return filed with the state of ______________________________ . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
(Attach copy of return filed with the other state .)
20
20 . Credit for tax paid to the other state (Enter the lesser of line 18 or 19 here and on line 39) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
AMENDED RETURNS
If you are filing an amended fiduciary income tax return, check the applicable boxes and draw a line through any barcodes on the front . Explain the changes you are making in
the space below . Attach a copy of the amended federal Form 1041 if the federal return is being amended, and any other required documentation .
EXPLANATION OF CHANGES
MAIL TO: COMPTROLLER OF MARyLANd
Under penalties of perjury, I declare that I have examined this return, including accompanying schedules and statements and to the best
REVENUE ADMINISTRATION DIVISION
of my knowledge and belief it is true, correct and complete . If prepared by a person other than taxpayer, the declaration is based on all
ANNAPOLIS, MARyLANd 21411-0001
information of which the preparer has any knowledge . Check here
if you authorize your preparer to discuss this return with us .
Signature of preparer other than fiduciary
date
Signature of fiduciary or officer representing fiduciary
date
Address and telephone of preparer
COM/RAd-021
09-49