dsocpa
Level 7
02-14-2022
11:00 AM
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PS, next error exactly like the previous error states the pro rata tax on form 511 lines 13e and 14 is off by $750 and the total of all pro rata share of tax paid on form 511 Sch B, part I. So, does the MD form 511 and 511 Sch B want the actual federal k-1 income split by shareholders and the pro rata tax the amount paid? In other words, the amounts that are coming over from the 511 to the Schedule B are the recomputed MD income amounts (with tax paid added to MD income) and the distributive share of tax paid is the $582. But should the form state the actual MD tax paid amount of $750 instead of the MD calculated amount on Sch. B of $582?
So confused....... What a holy mess.