Maryland Schedule K-1

Where is the Net decoupling modification added in PTO?

It's in the Maryland Schedule K-1, Part B. Additions #3, Net decoupling modification.

There's a section in the K-1 for State and Local, but for MD it says the entries will not show up on the MD tax return.

Tax payer is a MD non-resident.

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Best answer by itonewbie

For PTO, it's under State & Local > Modifications > MD Form 500DM > Decoupling modification from a passthrough entity [Override].

Level 15

Try State Adjustments if you have that. (I'm thinking Lacerte speak)

The more I know the more I don’t know.

Level 15

For PTO, it's under State & Local > Modifications > MD Form 500DM > Decoupling modification from a passthrough entity [Override].

---------------------------------------------------------------------------------Still an AllStar

CTCAuthor

Level 3

Thanks for the help. I hadn't thought of going to that section.

It worked!

Melissa

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