Form 504 Draft - Schedule K-1 - Fiduciary Modified Schedule K-1 Beneficiary'S Information - 2007

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Schedule K-1
MARYLAND
2007
FIDUCIARY
Form
504
MODIFIED SCHEDULE K-1 BENEFICIARY’S INFORMATION
Complete A Separate Form For Each Beneficiary
INFORMATION ABOUT THE ESTATE OR TRUST
Name of estate or trust
Federal employer identification numberr
Name and title of fiduciary
Fiduciary’s address
INFORMATION ABOUT THE BENEFICIARY
A. Name of beneficiary
B. Beneficiary’s identification number
C. Address, city, state and ZIP code
.
%
D. Beneficiary’s percentage of distribution at the estate’s or trust’s year end
E. What type of entity is this beneficiary? Check box if:
(1)
Individual
(2)
Fiduciary (trust or estate)
Other _ _ __ _ _ __ _ __ _ __ _ __ _ __ _ _ __ _ __
(3)
Qualified federal tax-exempt organization
(4)
F. Resident status of beneficiary, if beneficiary is an individual or fiduciary of
G. State of Domicile if Nonresident
another estate or trust.
Check box if:
Resident
Nonresident
DISTRIBUTED NET TAXABLE INCOME, MARYLAND MODIFICATIONS AND NONRESIDENT TAX PAID BY PASS-
THROUGH ENTITY (PTE)
1 Beneficiary’s share of total distribution from estate or trust
2 Beneficiary’s share of Maryland-source income distributed from estate or
trust (Complete only if beneficiary is a nonresident. (See below))**
$
$
_ _ _ _ _ _ _ _ ___ ____ ________ __________ ___
_ __ _ __ _ __ _ __ _ _ __ _ __ _ __ _ __ _ __ _ _ __ _ __ _
3 Beneficiary’s share of Maryland addition modifications from estate or trust 4 Beneficiary’s share of Maryland subtraction modifications estate or trust
(Specify applicable modifications and amounts. See Instruction 8.)
(Specify applicable modifications and amounts. See Instructions 8.)
(a) _________________
$ _________________
(a) _________________
$ _________________
(b) _________________
$ _________________
(b) _________________
$ _________________
(c) _________________
$ _________________
(c) _________________
$ _________________
5 Beneficiary’s share of nonresident tax paid by PTE
Name of PTE:
Federal employee identification number of PTE:
$
________________________________
Maryland Source Income for a Nonresident Beneficiary
**A nonresident is subject to tax on income from Maryland sources, which includes any income derived from real property or
tangible personal property located in Maryland; income derived from a business wholly or partially carried on in Maryland and
in which the trust or estate is a member of a pass-through entity; income from an occupation, profession or trade carried on
wholly or partially in Maryland; and income from wagering in Maryland.
To obtain more Modified Schedules K-1 (Form 504), please visit our Web site at

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