MARYLAND
2011
FORM
504NR
FIDUCIARY NONRESIDENT
INCOME TAX CALCULATION
$
OR FISCAL YEAR BEGINNING
2011, ENDING
Name of estate or trust
Name and title of fiduciary
Federal employer identification number
Federal
Non-Maryland source
Maryland source
Part I – Reconciliation of Maryland and
(A) Federal
(B) distributable
(C) Non-distributable
(D) distributable
(E) Non-distributable
Federal Income (Loss)
Income (Loss)
income or (loss)
income or (loss)
income or (loss)
income or (loss)
1
1. Interest income. . . . . . . . . . . . . . . . . . . . . . . . . . . .
2
2. Dividend income . . . . . . . . . . . . . . . . . . . . . . . . . . .
3
3. Business income or (loss) . . . . . . . . . . . . . . . . . . . .
4
4. Capital gain or (loss) . . . . . . . . . . . . . . . . . . . . . . . .
5
5. Rents, royalties, partnerships, etc.. . . . . . . . . . . . . .
6
6. Farm income or (loss) . . . . . . . . . . . . . . . . . . . . . . .
7
7. Ordinary gain or (loss). . . . . . . . . . . . . . . . . . . . . . .
8. Other income. Specify type
8
and amount _________________ . . . . . . . . . . . .
9
9. Federal total income . . . . . . . . . . . . . . . . . . . . .
10
10. Federal deductions . . . . . . . . . . . . . . . . . . . . . . . . .
11. Federal adjusted taxable income
11
(subtract line 10 from line 9). . . . . . . . . . . . . . . . . .
12
12. Income distribution deduction . . . . . . . . . . . . . . . . .
13
13. Estate tax deduction . . . . . . . . . . . . . . . . . . . . . . . .
14. Federal taxable income without federal exemptions
14
. . . . . . . . . . . . . .
(subtract lines 12 and 13 from line 11)
15. Non-Maryland Income Factor. Add 14(B) and 14(C), then divide by 14(A); if greater than 1, enter 1;
.
15
if less than 0, enter 0 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
PART II – Calculation of Nonresident Maryland Income Tax
16. a. Fiduciary's share of net Maryland modifications from Form 504, line 17
(enter a net subtraction modification as a negative number). . . . . . . . . . . . . . . . . . . . . . . . . .
16a
b. Net Maryland modifications from non-Maryland sources (multiply line 16a by line 15)
See Instruction 8 for alternate allocation method . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
16b
16c
c. Net Maryland modifications from Maryland sources (subtract line 16b from line 16a) . . . . . . . . . . . . . . . . . . . . .
17. a. Fiduciary's share of distributable income from Maryland source (from line 14 column (D)) . . . . . . . . . . . . . . . . .
17a
17b
b. Fiduciary's share of non-distributable taxable net income from Maryland source (from line 14 column (E)) . . . .
17c
c. Add lines 16c, 17a and 17b . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
17d
d. Maryland exemption (from Form 504 line 21) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
17e
e. Fiduciary's taxable net income from Maryland sources (subtract line 17d from line 17c) . . . . . . . . . . . . . . . . . . . .
18. Enter taxable net income from Form 504 line 22. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
18
19. Enter tax calculated for taxable net income on line 18 of this form using fiduciary tax rate schedule.
19
(See instruction 14) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
20. Maryland Nonresident factor. Divide line 17e by line 18 above. If result is greater than 1.000000,
.
20
enter 1.000000; if line 17e is less than 0, enter 0.000000. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
21
21. Maryland Tax. Multiply line 19 by line 20. Enter result on Form 504 line 23 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
22. Special Nonresident Tax. Multiply line 17e above by 1.25% (.0125). Enter result on Form 504 line 24 . . . . . . . . .
22
COM/RAD-319
11-49