Form 510 - Maryland Pass-Through Entity Income Tax Return - 2010 Page 10
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For Taxpayer filing Form 510 and
Using the Distributable Cash Flow Limitation
DISTRIBUTABLE CASH FLOW LIMITATION WORKSHEET
(Complete this worksheet only if using the distributable cash flow limitation.)
A. Total distributive or pro rata share of income. See instructions. . . . . . . . . . . . . . . . . . . . . __________________
B. Cash receipts for the tax year that are not includable in the gross income of the
PTE including capital contributions and loan proceeds . . . . . . . . . . . . . . . . . . . . . . . . . . . __________________
C. Amounts allowable to the PTE for the tax year as deductions for depreciation,
amortization and depletion . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . __________________
D. The decrease, if any, in the PTE’s liability reserve as of the end of the tax year . . . . . . . __________________
E. Total (Add lines A through D) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . __________________
F. Cash expenditures for the tax year that are not deductible in computing the taxable
income of the PTE. Do not include distributions to members . . . . . . . . . . . . . . . . . . . . . . __________________
G. The increase, if any, in the PTE’s liability reserve as of the end of the tax year . . . . . . . . __________________
H. Total distributable cash flow (Add lines F and G, and subtract the total from line E) . . . . __________________
I. Total percentage of ownership (or profit/loss sharing if applicable) by
nonresident members . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . __________________
J. Distributable cash flow (Multiply line H by line I) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . __________________
K. Nonresident tax previously paid . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . __________________
L. Distributable cash flow limitation (Subtract line K from line J. If less than 0, enter 0) . . . . __________________
WORKSHEET INSTRUCTIONS
Line A - Enter amount from Form
Line E - Add lines A through D and
Line J - Multiply line H by line I. This
510, line 2 (adjusted, in the case of
enter total.
is the portion of distributable cash
a PTE using the accrual method of
flow for nonresident members.
Line F - Enter any cash expenditures
accounting to report federal taxable
that are not deducted when
Line K - Enter all nonresident
income, to reflect the amount of
computing taxable income for the
estimated tax paid with Forms 510D,
taxable income that would have been
PTE. Items such as distributions to
510DP or 510E.
reported under the cash method of
members are not included in this
Line L - Subtract line K from line J.
accounting).
amount.
This is the distributable cash flow
Line B - Enter any cash receipts
Line G - If the PTE has established
limitation for the PTE. If this amount
received by the PTE that were not
a liability reserve, enter the amount
is less than 0, enter 0.
included in gross income including
that represents the increase, if any, in
capital contributions and loan
this reserve account. Liability reserve
proceeds.
means accrued unpaid liabilities
Line C - Enter the allowable
that are not deductible in computing
depreciation, amortization and/or
taxable income.
depletion used as a deduction from
Line H - Add lines F and G and
federal taxable income.
subtract the total from line E. This is
Line D - If the PTE has established a
the total distributable cash flow for the
liability reserve, enter the amount that
year.
represents the decrease, if any, in
Line I - Enter the sum of the
this reserve account. Liability reserve
percentages from Form 510, lines 5
means accrued unpaid liabilities
and 10.
that are not deductible in computing
taxable income.
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