Skip to main content
Level 2
October 30, 2020
Question

maryland refundable business income tax credit

  • October 30, 2020
  • 5 replies
  • 16 views

On Maryland form 502CR, part CC, line 3 there is no way to enter a refundable business income tax credit from a passthrough entity. In parenthesis is says Not Supported. Maryland will not allow the credit if the return is paper filed. My client has a substantial credit to offset his taxes. How do I allow him to take this credit?

This topic has been closed for replies.

5 replies

sjrcpa
Level 15
October 30, 2020

Call the state. Explain the situation. They will allow you to file on paper and will probably give you a special mailing address.

The more I know the more I don’t know.
rex feralAuthor
Level 2
October 30, 2020

Thanks. The state is supposed to call me back. I'll update my progress.

Level 2
October 15, 2021

Is there any update?

rex feralAuthor
Level 2
October 15, 2021

The never called back.

Level 2
October 15, 2021

Then how did you deal with the credit finally? did you claim it in the tax return?