Form 510 Schedule K-1 - Maryland Pass-Through Entity - 2011 Page 3

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MARYLAND PASS-THROUGH ENTITY
FORM 510
Page 3
SCHEDULE K-1
Instructions
2011
General Instructions
Section E. Credits
Nonrefundable – Enter the member’s distributive or pro
Use form 510 (Schedule K-1) to report the distributive
rata share of amount of any business tax credits from
or pro rata share of the member’s income, additions,
Maryland Form 500CR or Maryland Form 502H.
subtractions, nonresident tax, and credits allocable to
Maryland.
Refundable – Enter the member’s distributive or pro
rata share of amount of any business tax credits from
Specific Instructions
Maryland Form 500CR, Form 502H, or Form 502S.
Enter the fiscal year used by the pass-through entity in
One Maryland Economic Development Tax Credit –
the header of this form, if the Pass-Through Entity is not
See Maryland Form 500CR Part P for more information.
using a calendar year.
If the PTE is a qualified business which is eligible to pass
Information about the Member
on a refundable One Maryland Economic Development
Enter the name, address, Social Security number/
Tax Credit, check the box for Refundable. If the PTE is
federal employer identification number (FEIN), residency
a qualified business which is eligible to pass on only the
information, and percentage of distributive or pro rata
nonrefundable portion of the One Maryland Economic
share.
Development Tax Credit, check the box for Nonrefundable.
Information about the Pass-Through Entity
Section F. Additional Information
Enter the name, address, and federal employer
Enter any other additions or subtractions from section
identification number (FEIN).
B, line 5 or C, line 5 with amounts, as well as any other
information needed to complete the member’s return. For
Section A. Member’s Income
example additional information may include Oil Depletion
Line 1 - Enter federal distributive or pro rata share of
Allowance or Domestic Production Activities Deduction.
income from federal Schedule K-1.
Line 2 - Enter nonresident member’s distributive or
pro rata share allocable to Maryland.
Section B. Additions
Enter member’s distributive or pro rata share of additions.
Section C. Subtractions
Enter member’s distributive or pro rata share of
subtractions.
Section D. Nonresident Tax
Line 1 - (complete only if member is a nonresident)
Enter the member’s distributive or pro rata
share of any nonresident tax paid on behalf
of the member by this pass-through entity.
This line is the member’s distributive or pro
rata share of Maryland Form 510 lines 16a,
16b, and the additional tax paid with the
return.
Line 2 - Enter the member’s distributive or pro rata
share of any nonresident tax paid on behalf
of this entity by other pass-through entities.
This line is the member’s distributive or pro
rata share of Maryland Form 510 line 16c.
Line 3 - Add lines 1 and 2 and enter total on line 3.
Include this amount on Form 500, line 10f;
Form 502CR, line 5; Form 504, line 33; Form
505, line 46; Form 510, line 16c.
COM/RAD 045
11-49

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