Get Md 502ae 2020

The MD 502AE form allows qualifying residing artists to claim a subtraction for income derived from the arts and entertainment districts in Maryland. This guide provides a detailed breakdown of the form and offers step-by-step instructions to ensure you complete it accurately and efficiently.

Follow the steps to successfully fill out the MD 502AE

1. Click the ‘Get Form’ button to access the MD 502AE form and open it in your browser.
2. In the first section, enter your first name, middle initial, last name, and Social Security number. If applicable, provide your spouse's first name, middle initial, last name, and their Social Security number.
3. Fill in your street address, city or town, state, and ZIP code + 4.
4. Proceed to Part A. Here, enter the name of the qualifying residing artist and the names of the arts and entertainment districts where the artist conducts business.
5. Include the address of the residential real property you own or rent in Maryland, ensuring not to use a mailing address like a post office box.
6. In line 4, input the trade name and business address in the arts and entertainment district(s), avoiding mailing addresses.
7. In line 5, describe the nature of the business conducted within the arts and entertainment district(s).
8. Move to Part B. In line 6, describe the source of income derived within the arts and entertainment district(s) for which the subtraction is being claimed.
9. Finally, in line 7, enter the amount of the subtraction claimed for the income derived within the arts and entertainment district(s). Make sure to include this amount on the specified lines of Form 502SU or Form 505SU.
10. Review all your entries for accuracy. Once everything is filled out correctly, you can save your changes, download, print, or share the form as needed.

Complete your MD 502AE form online to claim your eligible income subtraction today.