Form 510 — Pass-Through Entity Income Tax Return (with instructions)

# MARYLAND PASS-THROUGH ENTITY

510 $
OR FISCAL YEAR BEGINNING 2024, ENDING Federal Employer Identification Number (9 digits) FEIN Applied for Date (MMDDYY) Date of Organization or Incorporation (MMDDYY) Business Activity Code No. (6 digits) Print Using Blue or Black Ink Only Name Current Mailing Address (PO Box, Number, Street and Apt. No) Current Mailing Address Line 2 (Apt No., Suite No., Floor No.) City or Town State ZIP Code + 4 Foreign Country Name Foreign Province/State/County Do not write in this space.
Foreign Postal Code

STAPLE CHECK HERE ME YE
TYPE OF ENTITY - Check the applicable box.
Amended
S Corporation Partnership Limited Liability Company Business Trust 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 c. Nonresident entities b. Individual (including fiduciary) nonresidents d. Others e. Total
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.

# 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 …  3a.
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) …  3b.

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.)

1. 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.
2. 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.) …

1. Percentage of ownership by nonresident entities shown on line 1c (or profit/loss
2. percentage, if applicable). If 100%, leave blank and enter the amount from line 4 on line 11.  .10.
3. Distributive or pro rata share of income for nonresident entity members (Multiply line 4 by percentage on line 10.) … 11.

12.
Nonresident entity tax (Multiply line 11 by 8.25%.) … 13.
12.
Total nonresident tax (Add lines 9 and 12.) …

1. Distributable cash flow limitation from worksheet. See instructions. If worksheet used, 13. … 14. check here

15.
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 … 16a.
16b. PTE nonresident tax paid with an extension request (Form 510/511E) … 16b.
16c. Credit for nonresident tax paid on behalf of the PTE by another

PTE (Attach Schedule K-1 (510/511)) … 16c.
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)). . . . . . 16d.
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)) … 16e.
16f. If amending, total payments made with original plus additional tax paid after original was filed … 16f.
16g.Total payments and credits (Add lines 16a through 16f.) … 16g.
17.
Balance of tax due (If line 15 exceeds line 16g, enter the difference.) … 17.
18.
Overpayment. (If line 16g exceeds line 15, enter the difference.) … 18.
18a. If amending, prior overpayment. (Total all refunds previously issued.) … 18a.

1. Interest and/or penalty from Form 500UP or late payment interest … TOTAL 19.
2. Total nonresident balance due (Add lines 15, 18a, and 19. Subtract line 16g.) Pay in full with this return … 20. .NOTE: The total tax paid from lines 16g and 17 is to be reported either on the composite return or on the returns of 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.)
3. 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.
4. 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.

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 Signature of general partner, officer or member Date Printed name of the Preparer/Firm's name Title Signature of preparer other than taxpayer (Required by Law) Street address of preparer or Firm's address City, State, ZIP Code + 4 Telephone number of preparer Preparer's PTIN (Required by Law)

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.

# 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. Telephone number of pass-through entity tax department:
4. State of organization or incorporation:
5. 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? … Yes No 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? … Yes No

If a multistate operation, provide the following:

1. Is this entity a multistate corporation that is a member of a unitary group? … Yes No
2. Is this entity a multistate manufacturing corporation with more than 25 employees? … Yes No CODE NUMBERS (3 digits per line)

# 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:
CODE NUMBERS (3 digits per line)

1. 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.

# PART I - INDIVIDUAL MEMBERS' INFORMATION

Enter the information in Social Security Number order.
Check
Social Security Number and Address here if name of member Maryland: of tax credit

Non-

Resident
Resident business tax
SUBTOTAL from additional Form 510 Schedule B for individual members

# PART II - FIDUCIARY MEMBERS' INFORMATION

Enter the information in Federal Employer Identification Number order.
Check here if

# Federal Employer Identification Address

Maryland:
Number and name of estate or of tax credit

Non-

trust
Resident
Resident business tax
SUBTOTAL from additional Form 510 Schedule B for fiduciary members

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

Is Member a Distributive or
Nonresident

Federal Employer Identification Address Number and name of Pass- Entity Through Entity of tax credit

NO
YES business tax
SUBTOTAL from additional Form 510 Schedule B for PTE members

# PART IV - CORPORATION MEMBERS' INFORMATION (EXCLUDING S CORPORATIONS)

Enter the information in Federal Employer Identification Number order.

Is Member a Distributive or
Nonresident
Federal Employer Identification Address pro rata share
Entity
Number and name of
Corporation YES of tax credit

NO business tax
SUBTOTAL from additional Form 510 Schedule B for corporate members