504NBD: Nonresident Beneficiary Deduction Summary Sheet (2025)
Maryland · Comptroller of Maryland · Used for tax years 2025
Maryland Form 504NBD is the Nonresident Beneficiary Deduction Summary Sheet attached to Form 504. It reports identifying information for nonresident beneficiaries or remaindermen, their percentage shares, and the amounts and sources of their intangible income.
Who files this form
Use the 2025 Maryland Form 504NBD if you have nonresident beneficiaries claiming this deduction. Attach the summary sheet to Form 504.
If deductions are claimed on behalf of remaindermen, all remaindermen must be non-Maryland residents. The deduction cannot be taken if even one remainderman is a Maryland resident.
What you'll need
Have the following ready:
- A copy of federal Form 1041 for Estates and Trusts, including K-1s and all schedules relating to the types and sources of income included on line 11 of Form 504 Schedule A.
- Each listed beneficiary’s or remainderman’s name, mailing address, and Social Security number or Federal Employer Identification Number.
- Each nonresident beneficiary’s percentage share, dollar share of intangible income, and source of intangible income.
The form also asks you to check the applicable boxes for beneficiary, remainderman, or both.
How to file
Complete all requested information on Form 504NBD and attach it to Form 504. Include the required copy of federal Form 1041, K-1s, and related schedules.
The summary sheet does not provide a mailing address or e-filing directions.
Common mistakes
- Claiming a deduction for remaindermen when one is a Maryland resident. All remaindermen must be non-Maryland residents for the deduction to be taken on their behalf.
- Leaving out requested information. The form expressly says to include all information requested.
- Forgetting to attach the summary sheet to Form 504. The form directs you to attach it.
Questions people ask
When should I use Form 504NBD?
Use it if you have nonresident beneficiaries claiming this deduction, and attach it to Form 504.
Can the deduction be claimed for remaindermen if one lives in Maryland?
No. If deductions are claimed on behalf of remaindermen, all remaindermen must be non-Maryland residents.
Which federal tax documents are required?
A copy of federal Form 1041, including K-1s and all schedules relating to the types and sources of income included on line 11 of Form 504 Schedule A.
What income details does the summary sheet ask for?
It asks for each nonresident beneficiary’s percentage share, dollar share of intangible income, and source of intangible income.