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Screen MDK1 - Maryland Schedule K-1 (510/511) Income (1040)

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Overview

Use this screen to complete the following forms:
  • Form 502
  • Form 502X
  • Form 505
  • Form 505X
  • Form 502CR
  • E-file record for Form Maryland Schedule K-1 (510/511) – requires screens K1, K1-3, and K1-4 should match the taxpayers printed form

General Information

Use this section to enter address, fiscal year, Maryland residency and ownership percentage from Maryland Form 510 Schedule K-1. If you enter
X
 in the
No
 field, then enter the nonresident share of Maryland income or loss in the
Distributive or pro rata share of income allocable to Maryland
 field.
Pass-through entity fiscal year begin date / Pass-through entity fiscal year end date
Enter fiscal begin and end dates only if they aren't January 1, , and December 31, .

Part A Members Income

Use this section to enter member income from the taxpayer’s form Maryland Schedule K-1 (510/511) Pass-through Entity Member’s Information. This information goes into the e-file record in the same way as the W2 or 1099 form gets into the e-file records. Data in this section will not be used in calculations

Part B Additions and Part C Subtractions

Use this section to enter member income from the taxpayer’s form Maryland Schedule K-1 (510/511) Pass-through Entity Member’s Information. This information goes into the e-file record in the same way as the W2 or 1099 form gets into the e-file records. Data in this section will not be used in calculations.

Part D and F Nonres.Res Tax and Nonres. Sale of Real Prop

Use this section to enter member income from the taxpayer’s form Maryland Schedule K-1 (510/511) Pass-through Entity Member’s Information. This information goes into the e-file record in the same way as the W2 or 1099 form gets into the e-file records.
Withholdings entered on Federal screen K1-4
The K-1 withholdings entered on the federal screen are displayed. The amount entered here should be allocated based on the Part D detail from the Maryland Schedule K-1. The amounts from the K-1 fill specific forms and are used in the calculations.
Part F Line 1 Withholding for nonresident sales of real property
Enter the amount from the Maryland Schedule K-1 (510/511) Pass-through Entity Member’s Information Part F. This information goes into the e-file record in the same way as the W2 or 1099 form gets into the e-file records.
note
Enter real estate withholding on the federal
A
 screen in the
Itemized Deductions
 folder. Use the
State and local income tax
 statement to enter the amount with code
3 Real estate withholding
 for the calculation of the Form 505 and Form 505X.

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