Get Md 502ae 2022-2026

The MD 502AE form is designed for qualifying residing artists to claim a subtraction for income derived from artistic works within designated arts and entertainment districts in Maryland. This guide will walk you through the online process of filling out the form accurately and efficiently.

Follow the steps to complete the MD 502AE online.

1. Click ‘Get Form’ button to obtain the MD 502AE and open it in the online editor.
2. In Part A, enter the first, middle, and last name of the qualifying residing artist in the designated fields, along with the Social Security Number.
3. Provide the spouse's first name, middle initial, last name, and Social Security Number, if applicable.
4. Fill in your street address, city or town, state, and ZIP code + 4 in the respective fields.
5. In Part A, list the name of the qualifying residing artist and the official names of the arts and entertainment district(s) where the artist conducts business.
6. Provide the address of the residential real property you own or rent in Maryland; ensure not to use a P.O. Box or rural box number.
7. Enter the trade name and business address associated with the arts and entertainment district(s) where you operate.
8. Briefly describe the nature of the business activities conducted within the arts and entertainment district(s).
9. In Part B, specify the source of income derived within the arts and entertainment district(s) for which you are claiming a subtraction.
10. Finally, enter the amount of income you are claiming as a subtraction, making sure to include this amount on the appropriate lines of Form 502SU or Form 505SU.
11. After reviewing all entries for accuracy, save your changes. You can then download, print, or share the completed MD 502AE as needed.

Complete your MD 502AE online today to ensure you are claiming the rightful subtraction!