TaxGirl3
Level 5

Any update on the 511?  Do you have a link to any comptroller pronouncements?

 

To those asking about the MD grants, Lacerte shows an entity Form 500LU form as 'unavailable'.  Does anyone have a status update on this form?  I assume that if there is an entity Form 500LU (for which a 1099 should have been received),the subtraction would then get divvied out on the MD K1s.

 

To those who received MD loans that were converted to grants (COVID-19 Emergency Relief Loan Fund), that conversion took place in 2021 (despite the governor's announcement of the conversion in December 2020) and you'll therefore receive a 2021 1099, with a MD subtraction in 2021. 

0 Cheers