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Maryland Free Printable Tax Year 2019 - Form 502AE Subtraction For Income Derived Within Arts And Entertainment District(S) for 2020 Maryland Maryland Subtraction for Income Derived within an Entertainment District

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Maryland Subtraction for Income Derived within an Entertainment District
Tax Year 2019 - Form 502AE Subtraction For Income Derived Within Arts And Entertainment District(S)

■ MARYLAND FORM 502AE SUBTRACTION FOR INCOME DERIVED WITHIN ARTS AND ENTERTAINMENT DISTRICT(S) 2019 I llllll 111111111111111 111111111 111111 111111111111111111 19502W049 Print using blue or black ink only. ATTACH TO FORM 502 OR FORM 505. First name MI Last name Social Security Number Spouse’s first name MI Last name Social Security Number Street address City or Town State ZIP code + 4 PART A - Qualifying Residing Artist 1. Name of qualifying residing artist 2. Name of arts and entertainment district(s) 3. Address of residential real property owned or rented in Maryland 4. Trade name and business address in arts and entertainment district(s) 5. Nature of business conducted in arts and entertainment district(s) PART B - Income Derived Within Arts and Entertainment District(s) 6. Source of income derived within arts and entertainment district(s) for which subtraction is being claimed 7. Amount of subtraction claimed for income derived within arts and entertainment district(s) (Include this amount on line dd of Form 502SU or line dd of Form 505SU.) . . . . . . . . . . . . . . 7. ■ COM/RAD-025 ■ MARYLAND FORM 502AE 2019 SUBTRACTION FOR INCOME DERIVED WITHIN ARTS AND ENTERTAINMENT DISTRICT(S) INSTRUCTIONS GENERAL INSTRUCTIONS Who May File A qualifying residing artist may claim a subtraction for income derived from the sale, publication, production or performance of an artistic work within an arts and entertainment district, if the artist created that artistic work within any arts and entertainment district. The subtraction is only available to individuals. The subtraction is available to a single-member limited liability company whose member is an individual. Qualifying Guidelines Owns or rents residential real property in Maryland; 2. Conducts a business in any arts and entertainment district; and, 3. Derives income from the sale, publication, production or performance within any arts and entertainment district of an artistic work that the individual created, wrote, composed or executed, either solely or with one or more other individuals, in any arts and entertainment district. Artistic work - means an original and creative work, whether created, written, composed, or executed, that falls into one of the following categories: 1. A book or other writing; 2. A play or performance of a play; 3. A musical composition or the performance of a musical composition; 4. A painting or other picture; 5. A sculpture; 6. Traditional or fine crafts; 7. The creation of a film or the acting within a film; 8. The creation of a dance or the performance of a dance; 9. The creation of original jewelry, clothing, or design; or 10. Any product generated as a result of any of the categories listed above. Artistic work does not include any piece or performance created or executed for industry-oriented or industry-related production such as a commercial or advertising copy. Artistic work does not include tailoring services, clothing alterations or jewelry repair. Arts and Entertainment District - means an area designated by the Secretary of the Maryland Department of Commerce as an arts and entertainment district. SPECIFIC INSTRUCTIONS In determining the amount of income allowed as a subtraction, the following rules shall apply: Sale and Publication of Artistic Work A. Income that an artist earns from the sale or publication of artistic work: • Created within any arts and entertainment district and sold within any arts and entertainment district qualifies for the subtraction; COM/RAD-025 • Sold outside any arts and entertainment district does not qualify for the subtraction. Income received by an artist from internet, mail order and catalog sales of artistic work shipped from within a district qualifies for the subtraction, if the artist created the artistic work within any district. C. Income in the nature of royalties, licenses or other future revenues from the sale of reproduction or publishing rights does not qualify for the subtraction. Production and Performance of Artistic Work A. To qualify for the subtraction, you must be a qualifying residing artist. A qualifying residing artist means an individual who: 1. Created outside any arts and entertainment district does not qualify for the subtraction; or B. Required Attachments You must attach to your Maryland return a completed Form 502AE. • Income that an artist earns from a musical performance, from the performance of a play or dance, from the showing of a film produced within a district by the artist or from acting in a film: • • B. Within any district qualifies for the subtraction; or, Outside any district does not qualify for the subtraction. Income that an artist earns from the creation or choreography of a play or dance, the composition of music or the production of a film: • • Within any district qualifies for the subtraction; or, Outside any district does not qualify for the subtraction. C. Income derived by an artist from the internet broadcast of an artistic work from within a district qualifies for the subtraction, if the artist created the artistic work within a district. D. Income in the nature of royalties, licenses or other future revenues from the creation or choreography of a play or dance, the composition of music or the production of a film does not qualify for the subtraction. Part A - Qualifying Residing Artist Line 1 - Enter the individual’s name who is the qualifying residing artist. Line 2 - Enter the official name(s) of the arts and entertainment district(s) in which the qualifying artist conducts a business. Line 3 - Enter the Maryland address of the residential real property owned or rented by the qualifying residing artist. Do not enter a mailing address, such as a post office box or rural box number. Line 4 - Enter the trade or business name, if any, and the business address in the arts and entertainment district(s). Do not enter a mailing address, such as a post office box or rural box number. Line 5 - Provide a brief description of the artistic work and the business activities conducted in the arts and entertainment district(s). Part B - Income Derived within Arts and Entertainment District(s) Line 6 - Provide a brief description of the business transactions generating the income that qualifies for the subtraction. Line 7 - Enter the amount of the income, to the extent included in federal adjusted gross income, derived within arts and entertainment district(s) that qualifies for the subtraction. Include this amount on line dd of Form 502SU or line dd of Form 505SU. For more information, visit www.marylandtaxes.gov or email your question to [email protected] You may also call 1-800-638-2937 or from Central Maryland 410-260-7980.
Extracted from PDF file 2019-maryland-form-502ae.pdf, last modified September 2007

More about the Maryland Form 502AE Individual Income Tax TY 2019

A qualifying residing artist may claim a subtraction for income derived from the sale, publication, production or performance of an artistic work within an arts and entertainment district, if the artist created that artistic work within any arts and entertainment district. The subtraction is only available to individuals. The subtraction is available to a single-member limited liability company whose member is an individual.

We last updated the Maryland Subtraction for Income Derived within an Entertainment District in February 2020, so this is the latest version of Form 502AE, fully updated for tax year 2019. You can download or print current or past-year PDFs of Form 502AE directly from TaxFormFinder. You can print other Maryland tax forms here.

Other Maryland Individual 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 PV Tax Payment Voucher, Estimated tax Form, and Extension
Form 502 Maryland Resident Income Tax Return
Resident Booklet Income Tax Forms & Instructions Booklet
Form 505 Maryland Nonresident Income Tax Return
Form 502B Maryland Dependents Information

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 Form 502AE from the Comptroller of Maryland in February 2020.

Show Sources >

About the Individual Income Tax

The IRS and most states collect a personal income tax, which is paid throughout the year via tax withholding or estimated income tax payments.

Most taxpayers are required to file a yearly income tax return in April to both the Internal Revenue Service and their state's revenue department, which will result in either a tax refund of excess withheld income or a tax payment if the withholding does not cover the taxpayer's entire liability. Every taxpayer's situation is different - please consult a CPA or licensed tax preparer to ensure that you are filing the correct tax forms!

Historical Past-Year Versions of Maryland Form 502AE

We have a total of nine past-year versions of Form 502AE in the TaxFormFinder archives, including for the previous tax year. Download past year versions of this tax form as PDFs here:


2019 Form 502AE

Tax Year 2019 - Form 502AE Subtraction For Income Derived Within Arts And Entertainment District(S)

2018 Form 502AE

TY-2018-502AE.pdf

2017 Form 502AE

TY-2017-502AE.pdf


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