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See what's trending for the November 15th deadline (Form 990) and resources for the upcoming tax season. View Lacerte Hot Topics.
See what's trending for the November 15th deadline (Form 990) and resources for the upcoming tax season. View Lacerte Hot Topics.
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Maryland Form 510
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Tom H2
Level 1
06-14-2021
12:58 PM
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I am a CPA in California preparing a multi-state partnership return and have a question concerning the change to the Maryland Form 510, specifically the way the return now treats partner percentages on lines 5a and 10a as well as on the K-1 form. I have a non-resident LLC member and 2 non-resident individual members, the individual members have health insurance which is treated as guaranteed payments. The percentages on 5a and 10a add up to 100%, but the perecntages are not correct, on the K-1's, the LLC member's % is correct but the individuals %'s are not correct. I am questioning whether this is the correct way to file the return or are there adjustments that need to be made so that the percentages are correct?
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