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Level 2
June 23, 2020
Question

How do I allocate income to a specific partner on MD Form 510?

  • June 23, 2020
  • 2 replies
  • 26 views
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2 replies

dascpa
Level 11
June 23, 2020

Maryland has a K-1 worksheet like the Federal that allows you to allocate certain items by ration #1-#4 and by amount A-D.

Level 2
July 7, 2020

The K-1 properly reflects the SA but the Form 510 is still utilizing the ownership % to calculate the non-resident tax due.  How do I correct that?

 

The instructions say if you used SA on the federal return the program MAY change the ownership % to reflect the allocation.  That is not happening.