Form 510 - Maryland Pass-Through Entity Income Tax Return - 2012 Page 11
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132012
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
0%
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 510,
Line F - Enter any cash expenditures
Line L - Subtract line K from line J. This
line 2 (adjusted, in the case of a PTE
that are not deducted when computing
is the distributable cash flow limitation
using the accrual method of accounting
taxable income for the PTE. Items such as
for the PTE. If this amount is less than
to report federal taxable income, to
distributions to members are not included
0, enter 0.
reflect the amount of taxable income that
in this amount.
would have been reported under the cash
Line G - If the PTE has established a
method of accounting).
liability reserve, enter the amount that
Line B - Enter any cash receipts received
represents the increase, if any, in this
by the PTE that were not included in gross
reserve account. Liability reserve means
income including capital contributions and
accrued unpaid liabilities that are not
loan proceeds.
deductible in computing taxable income.
Line C - Enter the allowable depreciation,
Line H - Add lines F and G, and subtract
amortization and/or depletion used as a
the total from line E. This is the total
deduction from federal taxable income.
distributable cash flow for the year.
Line d - If the PTE has established a
Line I - Enter the sum of the percentages
from Form 510, lines 5 and 10.
liability reserve, enter the amount that
represents the decrease, if any, in this
Line J - Multiply line H by line I. This is
reserve account. Liability reserve means
the portion of distributable cash flow for
accrued unpaid liabilities that are not
nonresident members.
deductible in computing taxable income.
Line K - Enter all nonresident estimated
Line E - Add lines A through D and enter
tax paid with Forms 510D or 510E.
total.
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