Schedule 1040C-ME-1: Listing of Owners Participating in Composite Filing (2024)
Maine · Maine Revenue Services · Used for tax years 2024
Schedule 1040C-ME-1 lists owners participating in a Maine composite filing for 2024. It reports each participating owner's name, SSN or EIN, distributive share percentage, and distributive share of the entity's Maine net income, and is filed with Form 1040C-ME.
Who files this form
The 2024 Schedule 1040C-ME-1 lists owners participating in an entity’s composite filing. The form directs filers to file this schedule with Form 1040C-ME.
What you'll need
Have the following information ready to complete the schedule:
- The entity’s name and federal EIN.
- The beginning and ending dates of the period covered.
- Each participating owner’s name and SSN or EIN. For individuals, use last name, first name, and middle initial.
- Each owner’s distributive share percentage and distributive share of the entity’s Maine net income.
How to file
File Schedule 1040C-ME-1 with Form 1040C-ME.
- Enter each participating owner’s information in columns 1 through 5.
- Check column 3 if the identification number entered is an EIN.
- On line 6, total the column 5 amounts for that page.
- On line 7, total line 6 from all pages. Also enter that total on Form 1040C-ME, line 1.
Common mistakes
Follow these reminders printed on the schedule:
- If an owner’s distributive share of the entity’s Maine net income is negative, enter $0 in column 5.
- Check the box in column 3 when using an EIN.
- Include line 6 amounts from all pages in the line 7 total, and enter that total on Form 1040C-ME, line 1.
- File the schedule with Form 1040C-ME.
Questions people ask
Which owners are listed on this schedule?
The schedule lists owners participating in the composite filing.
Can I enter an EIN for an owner?
Yes. Column 2 accepts an SSN or EIN. Check column 3 if you enter an EIN.
What if an owner’s share of Maine net income is negative?
Enter $0 in column 5, as directed on the form.
How do I combine amounts from multiple pages?
Add the column 5 amounts on each page and enter that page’s total on line 6. Add line 6 from all pages and enter the result on line 7 and on Form 1040C-ME, line 1.