Maryland Pass-Through Entity Tax Return

Pass-Through Entity Tax Return
2024 Maryland Form 510 Pass-Through Entity Income Tax Return
MARYLAND
FORM

510

OR FISCAL YEAR BEGINNING	

$

2024, ENDING	

Federal Employer Identification Number (9 digits)	

FEIN Applied for Date (MMDDYY)

Date of Organization or Incorporation (MMDDYY)	
Print Using Blue or Black Ink Only

2024

PASS-THROUGH ENTITY
INCOME TAX RETURN

Business Activity Code No. (6 digits)

Name

Current Mailing Address (PO Box, Number, Street and Apt. No)

Current Mailing Address Line 2 (Apt No., Suite No., Floor No.)

State	

City or Town

ZIP Code + 4

Foreign Country Name	

Foreign Province/State/County	

Do not write in this space.

STAPLE CHECK HERE

Foreign Postal Code	
ME	

TYPE OF ENTITY - Check the applicable box.
S Corporation	

Partnership	

Limited Liability Company	

Business Trust

YE

Amended
Return

CHECK HERE - Check applicable box(es).
Name or address has changed	

First filing of the entity	

Inactive entity	

Final Return	

510C Filed

This tax year's beginning and ending dates are different from last year's due to an acquisition or consolidation.
Complete this form if the pass-through entity ("PTE") is paying tax only on behalf of nonresident members and not
electing to remit tax on all members' shares of income. If the PTE made an irrevocable election on Form 510/511D or
510/511E to remit tax with respect to all members' shares, STOP. You must file Form 511.
You may also use this form to request a refund of estimated payment(s) for tax paid on resident members' shares of income if the
PTE has decided not to make the entity election.
1. Number of members:
a. Individual (including fiduciary) residents of Maryland
b. Individual (including fiduciary) nonresidents
e. Total

c.
d.

Nonresident entities
Others

2. Total distributive or pro rata share of income per federal return (Form 1065 or 1120S) - Unistate
entities or multistate entities with no nonresident members also enter this amount on line 4.
2.

00

ALLOCATION OF INCOME
(To be completed by multistate PTEs with nonresident members - unistate entities, and multistate entities with no
nonresidents, go to line 4.)
3a.	 Non-Maryland income (for entities using separate accounting).
Subtract this amount from line 2 and enter the difference on line 4. . . . . . . . . . . . . . . . . .
3b.	 Maryland apportionment factor from computation worksheet on Page 4 (for entities
using the apportionment method). Multiply line 2 by this factor and enter the result
on line 4. (If factor is zero, enter .000001). . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

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 3b.

00

MARYLAND
FORM

510

2024

PASS-THROUGH ENTITY
INCOME TAX RETURN

NAME	

page 2

FEIN

4.
Distributive or pro rata share of income allocable to Maryland . . . . . . . . . . . . . . . . . . . . . . . 4.
NOTE: Complete lines 5 through 19 if there is an entry on line 1b or line 1c. Tax is calculated only for
nonresident individual or nonresident entity members. (Investment partnerships see Specific Instructions.)
5.
Percentage of ownership by individual nonresident members shown on line 1b (or profit/loss
percentage, if applicable). If 100%, leave blank and enter the amount from line 4 on line 6.	 . 5.
6.
Distributive or pro rata share of income for nonresident individual members
(Multiply line 4 by the percentage on line 5.). . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 6.
7.
Nonresident individual tax (Multiply line 6 by 5.75%.). . . . . . . . . . . . . . . . . . . . . . . . . . . . . 7.
8.
Special nonresident tax (Multiply line 6 by 2.25%.). . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 8.
9.
Total Maryland tax on individual members (Add lines 7 and 8.) . . . . . . . . . . . . . . . . . . . . 	9.
10. Percentage of ownership by nonresident entities shown on line 1c (or profit/loss
percentage, if applicable). If 100%, leave blank and enter the amount from line 4 on line 11.  .10.
11. Distributive or pro rata share of income for nonresident entity members
(Multiply line 4 by percentage on line 10.). . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 	 11.

00

12.
13.
14.

00
00

15.

Nonresident entity tax (Multiply line 11 by 8.25%.). . . . . . . . . . . . . . . . . . . . . . . . . . . . . 	12.
Total nonresident tax (Add lines 9 and 12.) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 	13.
Distributable cash flow limitation from worksheet. See instructions. If worksheet used,
check here
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .  . 14.
Nonresident tax due (Enter the lesser of line 13 or line 14.). . . . . . . . . . . . . . . . . . . . . . . . 15.

16a.	Estimated PTE nonresident tax paid with Form 510/511D and MW506NRS. . . . . . . . . . . . . 
16b.	PTE nonresident tax paid with an extension request (Form 510/511E). . . . . . . . . . . . . . . . 
16c.	Credit for nonresident tax paid on behalf of the PTE by another
PTE (Attach Schedule K-1 (510/511)). . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 
16d. If the PTE filing this return is a non-resident member of a PTE paying tax at the entity level,
report the amount of credit for tax paid by the PTE paying tax at the entity level with regard
to this entity's nonresident shares of income. (Attach Schedule K-1 (510/511)). . . . . . 
16e. If the PTE filing this return is a resident member of a PTE paying tax at the entity level,
report the amount of credit for tax paid by the PTE paying tax at the entity level with regard
to this entity's resident shares of income. (Attach Schedule K-1 (510/511)). . . . . . . . . 
16f.	 If amending, total payments made with original plus additional tax paid after original was
filed. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 
16g.Total payments and credits (Add lines 16a through 16f.) . . . . . . . . . . . . . . . . . . . . . . . . . 
17. Balance of tax due (If line 15 exceeds line 16g, enter the difference.). . . . . . . . . . . . . . . . 
18. Overpayment. (If line 16g exceeds line 15, enter the difference.). . . . . . . . . . . . . . . . . . . 
18a. If amending, prior overpayment. (Total all refunds previously issued.) . . . . . . . . . . . . . . . 
19. Interest and/or penalty from Form 500UP
or late payment interest
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .TOTAL
20. Total nonresident balance due (Add lines 15, 18a, and 19. Subtract line 16g.) Pay in full
with this return. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 

00
00
00
00

00

00
00

.16a.
.16b.

00
00

.16c.

00

	16d.

00

16e.	

00

16f.
16g.
17.
18.
18a.

00
00
00
00
00

19.

00

20.

00

. OTE: The total tax paid from lines 16g and 17 is to be reported either on the composite return or on the returns of
N
the nonresident members. Nonresident entity and fiduciary members cannot file a composite return nor be included in the composite return filed by nonresident individual members. (See instructions.)
21. Amount of overpayment from original return to be applied to estimated tax for next year
(not to exceed the net of lines 18 minus 18a and 19). . . . . . . . . . . . . . . . . . . . . . . . . . . .

21.

00

22. Amount of overpayment TO BE REFUNDED. (Add lines 19 and 21, and subtract the total from
line 18.) (If amending, subtract lines 18a and 19 from line 18.). . . . . . . . . . . . . . . . . . . . . 22.

00

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MARYLAND
FORM

510

2024

PASS-THROUGH ENTITY
INCOME TAX RETURN

NAME	

page 3

FEIN

DIRECT DEPOSIT OF REFUND (see Instruction 9)
Verify that all account information is correct and clearly legible. If you are requesting direct deposit of your refund, complete the following.
Check here if you authorize the State of Maryland to issue your refund by direct deposit.
Check here if this refund will go to an account outside of the United States.
23a.	Type of account:. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .  23a.

Checking	

Savings

23b.	Routing Number (9-digits): . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .  23b.
23c.	Account Number: . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .  23c.
23d.	Name as it appears on the bank account:
ADDITIONAL INFORMATION REQUIRED
1.
Address of principal place of business in Maryland (if other than indicated on page 1):
2.

Address at which tax records are located (if other than indicated on page 1):

3.
4.
5.

Telephone number of pass-through entity tax department:
State of organization or incorporation:
Has the Internal Revenue Service made adjustments (for a tax year in which a Maryland return
was required) that were not previously reported to the Comptroller of Maryland?. . . . . . . . . . . . . . . . . . .
If "yes", indicate tax year(s) here:	
and submit an amended return(s) together
with a copy of the IRS adjustment report(s) under separate cover.
6.
Did the pass-through entity file employer withholding tax returns/forms with the Comptroller of Maryland
for the last calendar year?. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
If a multistate operation, provide the following:
7.
Is this entity a multistate corporation that is a member of a unitary group?. . . . . . . . . . . . . . . . . . . . . .
8.
Is this entity a multistate manufacturing corporation with more than 25 employees? . . . . . . . . . . . . . . .

	

Yes	No

	Yes	No
	Yes	No
	Yes	No

SIGNATURE AND VERIFICATION
Check here	
if you authorize your preparer to discuss this return with us.
Under penalties of perjury, I declare that I have examined this return, including accompanying schedules and statements and to
the best of my knowledge and belief it is true, correct and complete. If prepared by a person other than taxpayer, the declaration is
based on all information of which the preparer has any knowledge.

Signature of general partner, officer or member

Date	

Printed name of the Preparer/Firm's name		

Signature of preparer other than taxpayer (Required by Law)

Title

Street address of preparer or Firm's address

City, State, ZIP Code + 4

Telephone number of preparer	

Preparer’s PTIN (Required by Law)

CODE NUMBERS (3 digits per line)

Make check or money order payable to Comptroller of Maryland. On your check or money order, in blue or black
ink only, you must include the Federal Employer Identification Number, tax year, and tax type. Failure to include
this information will delay the processing of your payment. Mail to:
Comptroller of Maryland, Revenue Administration Division
110 Carroll Street, Annapolis, Maryland 21411-0001
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MARYLAND
FORM

510

2024

PASS-THROUGH ENTITY
INCOME TAX RETURN

NAME	

page 4

FEIN

Schedule A - COMPUTATION OF APPORTIONMENT FACTOR (Applies only to multistate pass-through entities. See instructions.)
NOTE: Rental/leasing companies, financial institutions,
transportation companies, and worldwide headquartered
companies see instructions on Special Apportionment.

1. Receipts

a.	Gross receipts or sales less returns and
allowances . . . . . . . . . . . . . . . . . . . . . . .

Column 1
TOTALS WITHIN
MARYLAND

Column 2
TOTALS WITHIN
AND WITHOUT
MARYLAND

Column 3
DECIMAL FACTOR
(Column 1 ÷ Column 2
rounded to six places)

00

00

b.	Dividends . . . . . . . . . . . . . . . . . . . . . . .

00

00

c.	Interest . . . . . . . . . . . . . . . . . . . . . . . . .

00

00

d.	Gross rents. . . . . . . . . . . . . . . . . . . . . . .

00

00

e.	Gross royalties . . . . . . . . . . . . . . . . . . . .

00

00

f. Capital gain net income. . . . . . . . . . . . . .

00

00

g.	Other income (Attach schedule.). . . . . . . .
h.	Total receipts (Add lines 1(a) through 1(g),
for Columns 1 and 2.) . . . . . . . . . . . . . . .

00

00

00

00

a.	Inventory. . . . . . . . . . . . . . . . . . . . . . . .

00

00

b.	Machinery and equipment . . . . . . . . . . . .

00

00

c.	Buildings . . . . . . . . . . . . . . . . . . . . . . . .

00

00

d.	Land . . . . . . . . . . . . . . . . . . . . . . . . . . .

00

00

e.	Other tangible assets (Attach schedule.). .

00

00

00

00

00

00

a.	Compensation of officers. . . . . . . . . . . . .

00

00

b.	Other salaries and wages. . . . . . . . . . . . .
c.	Total payroll (Add lines 3a and 3b, for
Columns 1 and 2.). . . . . . . . . . . . . . . . . .

00

00

00

00

.

Report this factor on line 4 unless you use a
special apportionment formula or alternative
apportionment formula.

2. Property

f. Rent expense capitalized
(multiply by eight). . . . . . . . . . . . . . . . . .
g.	Total property (Add lines 2a through 2f,
for Columns 1 and 2). . . . . . . . . . . . . . . .
3. Payroll

4. Maryland apportionment factor Enter amount from Line 1 Column 3. If an alternative apportionment
formula or a special apportionment formula is used, enter the alternative or special apportionment factor
here. (If factor is zero, enter .000001 on line 3b, page 1.) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Check here if special apportionment or alternative apportionment formula is used.

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.
.

MARYLAND
FORM

510

SCHEDULE B

2024

PASS-THROUGH ENTITY
INCOME TAX RETURN
MEMBERS' INFORMATION

NAME	

page 1

FEIN

PART I – INDIVIDUAL MEMBERS’ INFORMATION
Enter the information in Social Security Number order.

Social Security Number and
name of member

Address

Check

Distributive or

Distributive or

Distributive or

here if

pro rata share

pro rata share

pro rata share

Maryland:

of income

of tax paid

of tax credit

(See Instructions.)

(See Instructions.)

(See Instructions.)

Resident

NonResident

1
2
3
You must file

4
5

Form 510

6

electronically

7

to pass on

8

business tax

9
credits from

10

Form 500CR

11
12

and/or

13

Form 502S to

14

your members.

15
16
SUBTOTAL from additional Form 510 Schedule B for individual members
TOTAL:

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MARYLAND
FORM

510

SCHEDULE B

2024

PASS-THROUGH ENTITY
INCOME TAX RETURN
MEMBERS' INFORMATION

NAME	

page 2

FEIN

PART II – FIDUCIARY MEMBERS’ INFORMATION
Enter the information in Federal Employer Identification Number order.

Federal Employer Identification
Number and name of estate or
trust

Address

Check

Distributive or

Distributive or

Distributive or

here if

pro rata share

pro rata share

pro rata share

Maryland:

of income

of tax paid

of tax credit

(See Instructions.)

(See Instructions.)

(See Instructions.)

Resident

NonResident

1
2
3
4

You must file

5

Form 510

6

electronically

7
to pass on
8
business tax

9

credits from

10
11

Form 500CR

12

and/or

13

Form 502S to

14
your members.
15
16
SUBTOTAL from additional Form 510 Schedule B for fiduciary members
TOTAL:

COM/RAD-069

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MARYLAND
FORM

510

SCHEDULE B

2024

PASS-THROUGH ENTITY
INCOME TAX RETURN
MEMBERS' INFORMATION

NAME	

page 3

FEIN

PART III – PASS-THROUGH ENTITY MEMBERS’ INFORMATION (INCLUDING S CORPORATIONS)
Enter the information in Federal Employer Identification Number order.

Federal Employer Identification
Number and name of PassThrough Entity

Address

Is Member a

Distributive or

Distributive or

Distributive or

Nonresident

pro rata share

pro rata share

pro rata share

Entity

of income

of tax paid

of tax credit

(See Instructions.)

(See Instructions.)

(See Instructions.)

YES

NO

1
2
3
4

You must file

5

Form 510

6

electronically

7

to pass on

8
business tax

9

credits from

10
11

Form 500CR

12

and/or

13

Form 502S to

14
your members.
15
16
SUBTOTAL from additional Form 510 Schedule B for PTE members
TOTAL:

COM/RAD-069

08/24

2024

PASS-THROUGH ENTITY
INCOME TAX RETURN
MEMBERS' INFORMATION

MARYLAND
FORM

510

SCHEDULE B
NAME	

page 4

FEIN

PART IV – CORPORATION MEMBERS’ INFORMATION (EXCLUDING S CORPORATIONS)
Enter the information in Federal Employer Identification Number order.

Federal Employer Identification
Number and name of
Corporation

Address

Is Member a

Distributive or

Distributive or

Distributive or

Nonresident

pro rata share

pro rata share

pro rata share

Entity

of income

of tax paid

of tax credit

(See Instructions.)

(See Instructions.)

(See Instructions.)

YES

NO

1
2
3
4

You must file

5

Form 510

6

electronically

7

to pass on

8
business tax

9

credits from

10
11

Form 500CR

12

and/or

13

Form 502S to

14

your members.

15
16
SUBTOTAL from additional Form 510 Schedule B for corporate members
TOTAL:

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