Maryland Maryland Pass-Through Entity Members Information

Maryland Pass-Through Entity Members Information
Tax Year 2023 510/511 Schedule K-1 Pass-Through Entity Member's Information
MARYLAND
SCHEDULE K-1

(510/511)

2023

PASS-THROUGH ENTITY
MEMBER'S INFORMATION

OR FISCAL YEAR BEGINNING	

2023, ENDING	

INFORMATION ABOUT THE PASS-THROUGH ENTITY (PTE)

PTE Name		

PTE FEIN

Street Address	

City	

State	

ZIP Code	

+4

INFORMATION ABOUT THE MEMBER

Member Number	

Member Name		

Street Address	
Resident?

Member's SSN/FEIN

City	
Yes

No	

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. RESERVED . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 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. Credit for buyers of cybersecurity technology and/or cybersecurity services*** . . . . . . . . . . . 6.	

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MARYLAND
SCHEDULE K-1

(510/511)

PASS-THROUGH ENTITY
MEMBER'S INFORMATION

NAME	

2023
page 2

FEIN

7.
8.
9.
10.
11.
12.
13.
14.
15.
16.
17.
18.
19.

Employer-Provided Long-Term Insurance Tax Credit . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 7.
Security Clearance Costs Tax Credit***. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 8.
First Year Leasing Cost Tax Credit for Small Businesses*** . . . . . . . . . . . . . . . . . . . . . . . . . . 9.
Research and Development Tax Credit***. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .  10.
Commuter Tax Credit*** . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .  11.
Work Opportunity Tax Credit. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .  12.
Energy Storage Systems Tax Credit***. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .  13.
Automated External Defibrillator Tax Credit for Restaurants . . . . . . . . . . . . . . . . . . . . . . . .  14.
Endow Maryland Tax Credit***. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .  15.
Preservation and Conservation Easements Tax Credit*** . . . . . . . . . . . . . . . . . . . . . . . . . .  16.
Apprentice Employee Tax Credit***. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 17.
Qualified Farms Tax Credit***. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .  18.
Endowments of Maryland Historically Black Colleges and Universities*** . . . . . . . . . . . . . . .  19.
Refundable Credits

20.
21.
22.
23.
24.
25.
26.
27.
28.

Innovation Incentive Tax Credit for Investors in Innovation*** . . . . . . . . . . . . . . . . . . . . . .  20.
Film Production Activity Tax Credit***. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .  21.
Biotechnology Investment Incentive Tax Credit***. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .  22.
Small Business Relief Tax Credit***. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .  23.
Small Business Research & Development Tax Credit*** . . . . . . . . . . . . . . . . . . . . . . . . . . .  24.
Heritage Structure Rehabilitation Tax Credit***. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .  25.
Theatrical Production Tax Credit ***. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .  26.
More Jobs for Marylanders Tax Credit***. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 27.
Catalytic Revitalization Projects and Historic Revitalization Tax Credit *** . . . . . . . . . . . . . .  28.
One Maryland Economic Development Tax Credit*** Certified after June 30, 2018

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Refundable 	
Nonrefundable
	29a.	 Total number of "qualified employees". . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .  29a.
	29b.	 If the amount on line 29a 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:
30. Portion of PTE's income attributable to project. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .  30.
31. Amount of Maryland income tax required to be withheld from employees reported on line 29a
of this form. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .  31.
32. 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.). . . . . . . . . . . . . . . . . . . .  32.
One Maryland Economic Development Tax Credit*** Certified before July 1, 2018

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Refundable	Nonrefundable
	33a.	 Total number of "qualified employees". . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .  33a.
	33b.	 If the amount on line 33a is less than 25, has the PTE maintained at least 25 qualified
employees for at least 5 years?

34.
35.
36.
37.
38.
39.

Yes	No
Enter Member's Distributive or Pro Rata share of the following:
Portion of PTE's income attributable to project. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 34.
Non-project taxable income from PTE . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .  35.
Number of "qualified employees" multiplied by $10,000. . . . . . . . . . . . . . . . . . . . . . . . . . . .  36.
Amount of Maryland income tax required to be withheld from employees reported on
line 33a of this form. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 37.
Total eligible cumulative project costs ($500,000 PTE minimum, $5,000,000 PTE maximum.).  38.
Total cumulative eligible start-up costs ($500,000 PTE maximum) . . . . . . . . . . . . . . . . . . . .  39.

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MARYLAND
SCHEDULE K-1

(510/511)

PASS-THROUGH ENTITY
MEMBER'S INFORMATION

NAME	

2023
page 3

FEIN

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

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MARYLAND
SCHEDULE K-1

(510/511)

2023

PASS-THROUGH ENTITY
SCHEDULE K-1
INSTRUCTIONS

General Instructions
Use Maryland Schedule K-1 (510/511) 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 2023, 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 4 -	 Non-Electing PTE's that are members of
Electing PTE's Complete only if this entity filed
Form 510 and 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, and 16e. Form 511, line 13c.

Line 1 -	Enter federal distributive or pro rata share of
income from federal Schedule K-1.

Section E.	 Credits

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.

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.)

Section B.	 Additions
Enter member’s distributive or pro rata share of additions.
NOTE: For electing PTEs, do not include in additions the
member's addback of the electing PTE credit. The electing PTE
credit is added back on the member's return.
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, line 15.
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 12. 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 3 -	 RESERVED. Due to the decision by the Supreme
Court of Maryland in Comptroller of Maryland v. FCGEN Operations Investments LLC, which required
the Comptroller to issue refunds at the entity level
for PTEs that report overpayments on Form 510,
the amount reported on this line in previous years
is no longer passed through to a PTE's members.

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-I and P-II 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. If the
PTE is a Maryland-licensed cannabis business claiming the
subtraction for the amount of ordinary and necessary expenses
disallowed on the federal return, include the PTE’s state license
number.

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.
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