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Level 2
August 1, 2021
Solved

Maryland PTE tax

  • August 1, 2021
  • 1 reply
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How do you generate Maryland Form 502LU reporting the add back to the shareholders's return of the credit resulting from the entity's election to pay and deduct the shareholder's Maryland nonresident tax liability?  

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Best answer by TaxGirl3

Credit gets entered on Screen 53.271 'PTE Tax paid on resident members' distributive/pro rata share of income.  502LU will automatically populate based on this entry.

1 reply

TaxGirl3Answer
Level 5
August 2, 2021

Credit gets entered on Screen 53.271 'PTE Tax paid on resident members' distributive/pro rata share of income.  502LU will automatically populate based on this entry.

Manual6Author
Level 2
August 2, 2021

Thank you very much!