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Level 6
August 28, 2023
Question

MD Nonresident Tax Paid on BEHALF of an S corp Shareholder

  • August 28, 2023
  • 3 replies
  • 13 views

Entity paid MD tax on behalf of it's nonresident shareholder.  On the Form 510 Sch K Equivalent Wks the tax paid is entered in Section D on line 1.  

On the shareholders MD form 505 the amount paid should appear on line 45.  For the life of me I can't seem to get to the source entry - get the amount paid on line 45.  Unless I do an override I can't seem to figure out how to get the amount to on that line.  

It's been awhile since I did nr MD PTE from Sch 510!

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3 replies

dascpa
Level 11
August 29, 2023

Form 502CR Line 9 of Part CC.  And then on the 505 Other Additions to Income Worksheet an addback addition of the exact same amount on Line r.

Accountant-Man
Level 13
August 30, 2023

Is it PTE or a payment for a non-resident shareholder? THEY ARE NOT THE SAME.

There is another thread here on the differences.

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dsocpaAuthor
Level 6
August 31, 2023

Shareholder is non-resident.  The PTE did not file the election to treat the estimated tax paid at the entity level.

Level 2
April 7, 2024

Despite attaching an electronic PDF to my E-file I still always end up getting a notice which excludes the tax paid. I am not sure if its a Md or Pro- Series Fup

dsocpaAuthor
Level 6
April 8, 2024

I have a fiscal year S corp.  PTE is such a nightmare I've decided to forgo paying except when there are non-resident shareholders.