2013
FIDUCIARY NONRESIDENT
MARYLAND
FORM
INCOME TAX CALCULATION
504NR
OR FISCAL YEAR BEGINNING_________________ 2013, ENDING________________
Please Print Using Blue or Black Ink Only
Name of estate or trust
Name and title of fiduciary
Federal Employer Identification Number
Part I – Reconciliation of Maryland and Federal Income (Loss)
Federal
Non-Maryland source
Maryland source
Note: The sum of Columns B
through E on Line 14 must always
(A)
(B)
(C)
(D)
(E)
be equal to Column A on Line 14.
Federal Income
Distributable
Non-Distributable
Distributable
Non-distributable
(Loss)
income or (loss)
income or (loss)
income or (loss)
income or (loss)
1.
Interest income...............................
1
.
2. Dividend income...............................
2
.
3.
Business income or (loss)..................
3
.
4. Capital gain or (loss).........................
4
.
5.
Rents, royalties, partnerships, etc......
5
.
6.
Farm income or (loss).......................
6
.
7.
Ordinary gain or (loss)......................
7
.
8.
Other income. Specify type ________
and amount _________________ .....
8
.
9.
Federal total income..................
9
.
10. Federal deductions...........................
10
.
11. Federal adjusted taxable income
(Subtract line 10 from line 9.)............ 11
.
12. Income distribution deduction...........
12
.
13. Estate tax deduction.......................
13
.
14. Federal taxable income without federal
exemptions (Subtract lines 12 and 13
from line 11.)...............................
14
.
15. Non-Maryland Income Factor. Add 14(B) and 14(C), then divide by 14(A); if greater than 1,
.
enter 1; if less than 0, enter 0 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 15
PART II – Calculation of Nonresident Maryland Income Tax
16. a. Fiduciary's share of net Maryland modifications from Form 504, line 17
|
16a
(Enter a net subtraction modification as a negative number.) . . . . . . . . . . . . . .
_____________________
b. Net Maryland modifications from non-Maryland sources (Multiply line 16a
|
by line 15.) See Instruction 8 for alternate allocation method . . . . . . . . . . . . . .
_____________________
16b
|
c. Net Maryland modifications from Maryland sources (Subtract line 16b from line 16a.) . . . . . . . .
16c
_______________________
|
17. a.
Fiduciary's share of distributable income from Maryland source (from line 14 column (D)) . . . . . . .
17a
_______________________
b. Fiduciary's share of non-distributable taxable net income from Maryland source
|
17b
(from line 14 column (E)) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
_______________________
|
c.
Add lines 16c, 17a and 17b . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
17c
_______________________
|
d.
Maryland exemption (from Form 504, line 21) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
17d
_______________________
|
e.
Fiduciary's taxable net income from Maryland sources (Subtract line 17d from line 17c.) . . . . . .
_______________________
17e
|
18.
Enter taxable net income from Form 504, line 22 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
18
_______________________
19.
Enter tax calculated for taxable net income from line 18 of this form using fiduciary tax rate
|
schedule. (See instruction 14.) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
19
_______________________
20.
Maryland Nonresident factor. Divide line 17e by line 18. If result is greater than 1.000000,
enter 1.000000; if line 17e is less than 0, enter 0.000000. . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
20
___
|
21.
Maryland Tax. Multiply line 19 by line 20. Enter result on Form 504, line 23. . . . . . . . . . . . . . . . .
21
_______________________
22.
Special Nonresident Tax. Multiply line 17e by 1.25% (.0125).
|
Enter result on Form 504, line 24 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
22
_______________________
COM/RAD-319
13-49