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Maryland Free Printable TY-2021-510K-1 for 2022 Maryland Maryland Pass-Through Entity Members Information

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Maryland Pass-Through Entity Members Information
TY-2021-510K-1

MARYLAND SCHEDULE K-1 (510) 2021 PASS-THROUGH ENTITY MEMBER'S INFORMATION OR FISCAL YEAR BEGINNING 2021, ENDING INFORMATION ABOUT THE PASS-THROUGH ENTITY (PTE) PTE Name Street Address City PTE FEIN State ZIP Code +4 INFORMATION ABOUT THE MEMBER Member Number Member Name Street Address Resident? City Yes No Member's SSN/FEIN State ZIP Code Distributive or Pro Rata Share Percentage A. Member's Income 1. Distributive or pro rata share of income from federal Schedule K-1. . . . . . . . . . . . . . . . . . . . . 1. 2. Distributive or pro rata share allocable to Maryland (Nonresidents/Residents). . . . . . . . . . . . . 2. B. Additions 1. Non-Maryland municipal interest and dividends . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 1. 2. Tax preference items. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 2. 3. Net decoupling modification . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 3. 4. Net decoupling modification from another PTE. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 4. 5. Other additions (Specify additions with amounts in part G of this form.). . . . . . . . . . . . . . . . . 5. C. Subtractions 1. Income from U.S. obligations . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 1. 2. Work opportunity credit salary expense. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 2. 3. Net decoupling modification . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 3. 4. Net decoupling modification from another PTE. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 4. 5. Other subtractions (Specify subtractions with amounts in part G of this form.) . . . . . . . . . . . . 5. D. Nonresident/Resident Tax - Enter the member's distributive or pro rata share 1. Nonresident tax paid on member’s behalf by this PTE (Form 510). . . . . . . . . . . . . . . . . . . . . . 1. 2. Pass-through entity election tax paid on member’s distributive or pro rata share of income by this PTE (Form 511). . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 2. 3. Nonresident tax paid by other PTEs on behalf of this entity (Form 510). . . . . . . . . . . . . . . . . . 3. 4. Pass-through entity election tax paid on member’s pro rata or distributive share of income by other PTEs for this entity’s distributive or pro rata share of income (Form 511). . . . . . . . . . 4. 5. Total (Add Lines 1 through 4.) See instructions on where to report the amount from this form. Note: Members with entries on Lines 2 and 4 are required to addback the amount of the credit total on Line 2 and 4 on their respective returns.. . . . . . . . . . . . . . . . . . . . . . . . 5. E. Credits (***Required documentation or certification must be attached.) Nonrefundable Credits 1. Enterprise Zone Tax Credit*** . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 1. 2. Maryland Disability Employment Tax Credit***. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 2. 3. Job Creation Tax Credit***. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 3. 4. Community Investment Tax Credit***. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 4. 5. Businesses that Create New Jobs Tax Credit. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 5. 6. Reserved . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 6. COM/RAD-045 +4 % . 00 . 00 . 00 . 00 . 00 . 00 . 00 . 00 . 00 . 00 . 00 . 00 . 00 . 00 . 00 . 00 . 00 . 00 . 00 . 00 . 00 . 00 XXXXXXXXXX . 00 MARYLAND SCHEDULE K-1 (510) NAME 7. 8. 9. 10. 11. 12. 13. 14. 15. 16. 17. 18. 19. 20. 21. 22. 23. 24. 25. 26. 27. 28. 29. 30. 31. 32. PASS-THROUGH ENTITY MEMBER'S INFORMATION 2021 page 2 FEIN Employer-Provided Long-Term Insurance Tax Credit . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 7. Security Clearance Cost Tax Credit***. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 8. Small Businesses First-Year Leasing Security Clearance Costs Tax Credit***. . . . . . . . . . . . . . 9. Research and Development Tax Credit***. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 10. Commuter Tax Credit. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 11. Reserved . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 12. Oyster Shell Recycling Tax Credit***. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 13. Energy Storage Systems Tax Credit***. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 14. Cybersecurity Incentive Tax Credit for Buyers of Cybersecurity Technology or Cybersecurity Services***. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 15. Wineries and Vineyards Tax Credit***. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 16. Endow Maryland Tax Credit***. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 17. Preservation and Conservation Easements Tax Credit*** . . . . . . . . . . . . . . . . . . . . . . . . . . 18. Apprentice Employee Tax Credit***. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 19. Qualified Farms Tax Credit***. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 20. Qualified Veteran Employees Tax Credit*** . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 21. Endowments of Maryland Historically Black Colleges and Universities*** . . . . . . . . . . . . . . . 22. Refundable Credits Cybersecurity Incentive Tax Credit for Investors in Cybersecurity***. . . . . . . . . . . . . . . . . . 23. Film Production Activity Tax Credit***. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 24. Biotechnology Investment Incentive Tax Credit***. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 25. Clean Energy Incentive Tax Credit***. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 26. Small Business Relief Tax Credit***. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 27. Small Business Research & Development Tax Credit*** . . . . . . . . . . . . . . . . . . . . . . . . . . . 28. Heritage Structure Rehabilitation Tax Credit***. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 29. Aerospace, Electronics, or Defense Contracts Tax Credit*** . . . . . . . . . . . . . . . . . . . . . . . . 30. More Jobs for Marylanders Tax Credit***. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 31. Catalytic Revitalization Projects and Historic Revitalization Tax Credit *** . . . . . . . . . . . . . . 32. One Maryland Economic Development Tax Credit*** Certified after June 30, 2018 . 00 . 00 .00 . 00 . 00 XXXXXXXXXX. 00 . 00 . 00 . . . . . . . . 00 00 00 00 00 00 00 00 . 00 . 00 . 00 . 00 . 00 . 00 . 00 . 00 . 00 . 00 Refundable Nonrefundable 33a. Total number of "qualified employees". . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 33a. 33b. If the amount on line 33a is less than the minimum number of qualified employees required to qualify for the project tax credit, has the PTE maintained at least the minimum number of qualified employees required to qualify for the project tax credit for at least 5 years? Yes No Enter Member's Distributive or Pro Rata share of the following: 34. Portion of PTE's income attributable to project. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 34. 35. Amount of Maryland income tax required to be withheld from employees reported on line 33a of this form. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 35. 36. Total eligible cumulative project costs ($500,000 PTE minimum)(PTE maximum amounts.: For $1,000,000 maximum credit, at least 10 but fewer than 25 qualified employees. For $2,500,000 maximum credit, at least 25 but fewer than 50 qualified employees. For $5,000,000 maximum credit, at least 50 qualified employees.). . . . . . . . . . . . . . . . . . . . 36. One Maryland Economic Development Tax Credit*** Certified before July 1, 2018 . 00 . 00 . 00 Refundable Nonrefundable 37a. Total number of "qualified employees". . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 37a. 37b. If the amount on line 37a is less than 25, has the PTE maintained at least 25 qualified employees for at least 5 years? Yes No Enter Member's Distributive or Pro Rata share of the following: 38. Portion of PTE's income attributable to project. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 38. COM/RAD-045 . 00 MARYLAND SCHEDULE K-1 (510) NAME PASS-THROUGH ENTITY MEMBER'S INFORMATION 2021 page 3 FEIN 39. Non-project taxable income from PTE . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 39. 40. Number of "qualified employees" multiplied by $10,000. . . . . . . . . . . . . . . . . . . . . . . . . . . . 40. 41. Amount of Maryland income tax required to be withheld from employees reported on line 37a of this form. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 41. 42. Total eligible cumulative project costs ($500,000 PTE minimum, $5,000,000 PTE maximum.). 42. 43. Total cumulative eligible start-up costs ($500,000 PTE maximum) . . . . . . . . . . . . . . . . . . . . 43. F. Withholding for Nonresident Sale of Real Property 1. Member’s share of flow-through of a payment of withholding on Nonresident Sale of Real Property payment from PTE. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 1. G. Additional Information COM/RAD-045 . 00 . 00 . 00 . 00 . 00 . 00 MARYLAND SCHEDULE K-1 (510) 2021 PASS-THROUGH ENTITY SCHEDULE K-1 INSTRUCTIONS General Instructions Use Maryland Schedule K-1 (510) to report the distributive or pro rata share of the member’s income, additions, subtractions, nonresident pass-through entity tax, pass-through entity election tax, and credits allocable to Maryland. For 2021, this form will be used to report for Form 510 and Form 511. Specific Instructions Enter the fiscal year used by the pass-through entity in the header of this form, if the pass-through entity is not using a calendar year. Information about the Pass-Through Entity Enter the name, address, and Federal Employer Identification Number (FEIN). Information about the Member Enter the name, address, Social Security Number/Federal Employer Identification Number (FEIN), residency information, and percentage of distributive or pro rata share. Section A. Member’s Income Line 1 - Enter federal distributive or pro rata share of income from federal Schedule K-1. Line 2 - Enter the member’s distributive or pro rata share allocable to Maryland. For Electing PTEs, this is required for both resident and nonresident members. Section B. Additions Enter member’s distributive or pro rata share of additions. NOTE: For Electing PTEs, do not enter the addition required for members. That is reported on their respective returns. Section C. Subtractions Enter member’s distributive or pro rata share of subtractions. Section D. Nonresident Pass-Through Tax and Pass-Through Entity Election Tax Line 1 - PTEs that file Form 510. Complete only if member is a nonresident. Enter the member’s distributive or pro rata share of any nonresident tax paid on behalf of the member by this pass-through entity. This line is the member’s distributive or pro rata share of Form 510, lines 16a, 16b, and the additional tax paid with the return. Line 2 - Electing PTEs that file Form 511. Complete only if the entity filed Form 511 and elected to pay tax on the member’s share of income. Enter the member’s distributive or pro rata share of any Pass-Through Entity Election tax paid for this member’s share of income. This is the member’s share of the tax paid on Form 511, Line 10. The amount of credit listed here must be taken as an addition modification on Form 500, 504 (Instruction 9), 502, or 505. See instructions for each form. Line 4 - Electing PTEs that file Form 511. Complete only if another entity filed Form 511 and paid entity election tax for this entity. Enter the member’s distributive or pro rata share of any Pass-Through Entity Election Tax paid on share of this entity’s income by other pass-through entities on Form 511. This line is the member’s distributive or pro rata share from Form 511, Line 13C. The amount of credit listed here must be taken as an addition modification on Form 500, 504, 502, or 505. See instructions for each form. Line 5 - Add lines 1 through 4 and enter total on line 5. Corporate Members filing Form 500: See instructions for Form 500. List credit on Form 500CR. Resident individual members filing Form 502: list credit on Form 502CR, Part CC, lines 6 and/or 9. Form 504, See instructions for Form 504. Form 505: See instructions for Form 505: line 45 for credits from Form 510 and for Electing PTEs, list credit on Form 502CR, Part CC, line 9. Form 510, line 16c, 16d, or 20c. Form 511, line 13c. Section E. Credits Nonrefundable – The PTE will enter the member’s distributive or pro rata share of amount of any business tax credits reported on Form 500CR section of its electronic return. The PTE member will report the share of credit on Form 500CR or Form 504CR (if the PTE member is a fiduciary taxpayer.) Refundable – The PTE will enter the member’s distributive or pro rata share of amount of any business tax credits from Form 500CR or Form 502S (See exception for One Maryland Economic Development Tax Credit below.). The PTE member will report the share of credit on Form 500CR or Form 504CR (if the PTE member is a fiduciary taxpayer). One Maryland Economic Development Tax Credit – See Part P of Form 500CR Instructions for more information. If the PTE is a qualified business eligible to pass on a refundable One Maryland Economic Development Tax Credit, check the box for Refundable. If the PTE is a qualified business which is eligible to pass on only the nonrefundable portion of the One Maryland Economic Development Tax Credit, check the box for Nonrefundable. Section F. Withholding for Nonresident Sale of Real Property To be completed only if PTE made a withholding payment for a Nonresident Sale of Real Property on behalf of the member. Section G. Additional Information The PTE will enter any other additions or subtractions from section B, line 5 or C, line 5 with amounts, as well as any other information needed to complete the member’s return. For example, additional information may include Oil Depletion Allowance or Domestic Production Activities Deduction. Line 3 - PTEs that file Form 510. Enter the member’s distributive or pro rata share of any nonresident tax paid on behalf of this entity by other pass-through entities on Form 510. This line is the member’s distributive or pro rata share of Form 510, line 16c. Note: All taxpayers, other than fiduciaries, must file their return electronically to claim or pass on a business income tax credit from Form 500CR. In addition, Corporations and Pass-through Entities must file their returns electronically to claim or pass on a Heritage Structure Rehabilitation Tax Credit from Form 502S. COM/RAD-045
Extracted from PDF file 2021-maryland-510-schedule-k-1.pdf, last modified October 2015

More about the Maryland 510 Schedule K-1 Corporate Income Tax TY 2021

Use Maryland Schedule K-1 (510) to report the distributive or pro rata share of the member’s income, additions, subtractions, nonresident tax, and credits allocable to Maryland.

We last updated the Maryland Pass-Through Entity Members Information in January 2022, so this is the latest version of 510 Schedule K-1, fully updated for tax year 2021. You can download or print current or past-year PDFs of 510 Schedule K-1 directly from TaxFormFinder. You can print other Maryland tax forms here.

Other Maryland Corporate Income Tax Forms:

TaxFormFinder has an additional 41 Maryland income tax forms that you may need, plus all federal income tax forms.

Form Code Form Name
Form 510 Pass-Through Entity Tax Return
Form 500 Maryland Corporation Income Tax Return
Fiduciary Booklet Maryland Instructions for Fiduciaries
Form 500D Declaration of Estimated Corporation Income Tax
Form 500E Application for an Extension to File Corporation Income Tax Return

Download all MD tax forms View all 42 Maryland Income Tax Forms


Form Sources:

Maryland usually releases forms for the current tax year between January and April. We last updated Maryland 510 Schedule K-1 from the Comptroller of Maryland in January 2022.

Show Sources >

About the Corporate Income Tax

The IRS and most states require corporations to file an income tax return, with the exact filing requirements depending on the type of company.

Sole proprietorships or disregarded entities like LLCs are filed on Schedule C (or the state equivalent) of the owner's personal income tax return, flow-through entities like S Corporations or Partnerships are generally required to file an informational return equivilent to the IRS Form 1120S or Form 1065, and full corporations must file the equivalent of federal Form 1120 (and, unlike flow-through corporations, are often subject to a corporate tax liability).

Additional forms are available for a wide variety of specific entities and transactions including fiduciaries, nonprofits, and companies involved in other specific types of business.

Historical Past-Year Versions of Maryland 510 Schedule K-1

We have a total of eleven past-year versions of 510 Schedule K-1 in the TaxFormFinder archives, including for the previous tax year. Download past year versions of this tax form as PDFs here:


2019 510 Schedule K-1

Tax Year 2019 - Form Schedule K-1 (510) Pass-Through Entity Member's Information


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