Fillable Form 502su - Maryland Subtractions From Income

FORM

MARYLAND SUBTRACTIONS

Page 2

502SU

FROM INCOME

ATTACH TO YOUR TAX RETURN

2012

NAME _______________________ SSN ________________________

xa. Up to $2,500 per contract purchased for advanced tuition payments made to the Maryland

xa ____________________

Prepaid College Trust. See Administrative Release 32 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

xb. Up to $2,500 per taxpayer per beneficiary for the total of all amounts contributed to

investment accounts for the same beneficiary under the Maryland College Investment Plan and

Maryland Broker-Dealer College Investment Plan. See Administrative Release 32. . . . . . . . . .

xb ____________________

y. Any income that is related to tangible or intangible property that was seized, misappropriated

y ____________________

or lost as a result of the actions or policies of Nazi Germany towards a Holocaust victim . . . .

z. Expenses incurred to buy and install handrails in an existing elevator in a qualified healthcare

facility or other building in which at least 50% of the space is used for medical purposes . . . .

z ____________________

aa. Payments from a pension system to the surviving spouse or other beneficiary of a law

enforcement officer or firefighter whose death arises out of or in the course of their

employment . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

aa ____________________

ab. Income from U.S. Government obligations (See Instruction 13) . . . . . . . . . . . . . . . . . . . . . .

ab ____________________

bb. Net subtraction modification to Maryland taxable income when claiming the federal depreciation

allowances from which the State of Maryland has decoupled. Complete and attach Form

bb ____________________

500DM. See Administrative Release 38 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

cc. Net subtraction modification to Maryland taxable income when using the federal special 5-year

carryback period for a net operating loss under federal law compared to Maryland taxable

income without regard to federal provisions. Complete and attach Form 500DM. See

cc ____________________

Administrative Release 38. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

cd. Net subtraction modification to Maryland taxable income resulting from the federal ratable

inclusion of deferred income arising from business indebtedness discharged by reacquisition of

cd ____________________

a debt instrument. Complete and attach Form 500DM. See Administrative Release 38 . . . . . .

dd. Income derived within an arts and entertainment district by a qualifying residing artist.

dd ____________________

Complete and attach Form 502AE . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

dm. Net subtraction modification from multiple decoupling provisions. Complete and attach Form

dm ____________________

500DM . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

dp. Net subtraction decoupling modification from a pass-through entity. Complete and attach Form

500DM. See Administrative Release 38 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

dp ____________________

ee. Amount received as a grant under the Solar Energy Grant Program administered by the

ee ____________________

Maryland Energy Administration but not more than the amount included in your total income .

ff. Amount of the cost difference between a conventional on-site sewage disposal system and a

system that utilizes nitrogen removal technology, for which the Department of Environment’s

ff ____________________

payment assistance program does not cover. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

hh. Net subtraction to adjust phase out of exemptions as a result of including U.S. obligations in

your adjusted gross income . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

hh ____________________

ii. Interest income from Build America Bonds. Interest on any Build America Bond that is included

ii ____________________

in your federal adjusted gross income. See Administrative Release 13 . . . . . . . . . . . . . . . . . .

jj. Gain resulting from a payment from the Maryland Department of Transportation as a result of

the acquisition of a portion of the property on which your principal residence is located . . . . .

jj ____________________

kk. Qualified conservation program expenses up to $500 for an application approved by the

Department of Natural Resources to enter into a Forest Conservation and Management Plan . .

kk ____________________

ll. Payment received as a result of a foreclosure settlement negotiated by the Maryland Attorney

General . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

ll ____________________

1. TOTAL. Add lines a through ll and enter this amount on line 13 of Form 502 with the

appropriate code letters . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

TOTAL

1 ____________________

COM/RAD-026 12-49

Form 502su - Maryland Subtractions From Income - 2012 Page 2

Related Articles

Related forms

Related Categories