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Please add Maryland Form 500CR to ProSeries

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Please add Maryland Form 500CR to ProSeries

DHG

Maryland has a biotech credit that is a refundable credit for 50% of an investment in a Maryland Biotech firm. If requires the use of Maryland Form 500CR.  You need to support it as it has to be e-filed and currently ProSeries does not support the form.  I currently have to use Ultra Tax which is a very expensive piece of poorly designed software.

Status: New
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2 Comments
sjrcpa
Level 15

MD requires all business credits, which are claimed on Form 500CR, to be claimed on an efiled return. Been this way for years.

Ben2
Level 2

Agreed. As an approved MD efiling software, it's unacceptable that Proseries doesn't have a required form. Form 500CR a business form that is required for certain individuals and it's only included in business returns in Proseries. I don't think the other commenter understands the issue (but the statement is correct).

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