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Massachusetts Beneficiary's Massachusetts Information
Extracted from PDF file 2023-massachusetts-schedule-2k-1.pdf, last modified December 2023Beneficiary's Massachusetts Information
Massachusetts Department of Revenue Schedule 2K-1 Beneficiary’s Massachusetts Information Name of estate or trust Estate or trust employer Identification number Name of beneficiary Legal domicile (state) of beneficiary 2023 Identification number of beneficiary Street address City/Town State Zip State Zip City/Town State Zip Fill in one only: Percentage of beneficiary’s taxable income Name of fiduciary Street address City/Town In/care/of address ● Amended 2K-1 ● Final 2K-1 What type of entity is beneficiary? ● Individual resident ● Individual nonresident ● Resident trust or estate ● Nonresident trust or estate ● Ch 62 Exempt organization ● Ch 63 Exempt organization ● Other ● Fill in if beneficiary is a nonresident of Massachusetts Allocable share item Part B income 1 Wages, salaries, tips and other employee compensation. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 1 2 Taxable pensions and annuities . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 2 3 Business/profession or farm income or loss. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 3 4 Rental, royalty and REMIC income or loss. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 4 5 Massachusetts bank interest. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 5 6 Other income, such as winnings, lump-sum distributions, etc. (itemize). . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 6 7 Deductions allowed decedents. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 7 Part A interest and dividend income 8 Interest and dividend income (do not include income from common trust funds). . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 8 9 Common trust fund interest and dividend income. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 9 Part A capital gains 10 Taxable Part A 8.5% and 12% capital gains (do not include income from common trust funds) . . . . . . . . . . . . . . . . . . . . . 10 11 Part A 8.5% short-term common trust fund capital gains. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 11 Part C capital gains 12 Part C 5.0% long-term capital gains (do not include income from common trust funds) . . . . . . . . . . . . . . . . . . . . . . . . . . . 12 13 Part C 5.0% long-term common trust fund capital gains . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 13 Fill in oval if showing a loss 2023 SCHEDULE 2K-1, PAGE 2 Name of estate or trust Allocable share item Estate or trust employer Identification number (cont’d.) Credits and estimated tax payments 14 Taxes paid to other jurisdictions . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 14 15 Refundable Child and Family Tax Credit. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 15 16 Total other credits (from “Credit Section”). . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 16 17 Estimated tax payments made on behalf of nonresident beneficiary by fiduciary . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 17 18 Other payments (see instructions) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 18 Beneficiary’s Share of Chapter 63D refundable credit Reporting of aggregate entity information: The electing pass-through entity should report its total qualified income as an aggregate amount derived from all resident or nonresident beneficiaries having qualified taxable income subject to the MGL ch 63D entity-level tax. See instructions. If the beneficiary is a trust, fill in if the trust is a pass-through entity ● 19 Total qualified income subject to 5.0% entity-level tax a. Total of ordinary income or loss, interest, and dividend income . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 19a b. Net gain or loss from the sale of capital assets. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 19b c. Total income subject to 5% entity-level tax . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 19c d. 100% of entity-level tax reported and paid by pass-through entity . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 19d e. Beneficiary’s refundable credit. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 19e 2023 SCHEDULE 2K-1, PAGE 3 Name of estate or trust Estate or trust employer Identification number Credit Section Lead Paint. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Economic Opportunity Area. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Economic Development Incentive Program. . . . . . . . . . . . . . . . . . . . Certificate number . . . . . . . . . . . Brownfields.. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Certificate number . . . . . . . . . . . Low-Income Housing. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Certificate number . . . . . . . . . . . Historic Rehabilitation. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Certificate number . . . . . . . . . . . Film Incentive. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Certificate number . . . . . . . . . . . Medical Device. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Certificate number . . . . . . . . . . . Ch 63D Refundable Credit. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Farming and Fisheries. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Senior Circuit Breaker. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Solar/Wind. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Septic. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Certified Housing Development. . . . . . . . . . . . . . . . . . . . . . . . . . . . Certificate number . . . . . . . . . . . Life Sciences. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Veterans Hire. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Certificate number . . . . . . . . . . . Low-Income Housing Donation. . . . . . . . . . . . . . . . . . . . . . . . . . . . . Certificate number . . . . . . . . . . . Angel Investor. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Certificate number . . . . . . . . . . . Apprentice. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Certificate number . . . . . . . . . . . Vacant Store Front. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Certificate number . . . . . . . . . . . Cranberry Bog. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Certificate number . . . . . . . . . . . Dairy. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Certificate number . . . . . . . . . . . Conservation. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Certificate number . . . . . . . . . . . Community Investment. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Certificate number . . . . . . . . . . . Offshore Wind Facility Capital Investment. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Offshore Wind Jobs . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . National Guard Hiring . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Certificate number . . . . . . . . . . . Disability Employment. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Total Other Credits. Enter total on line 16 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Schedule 2K-1
More about the Massachusetts Schedule 2K-1 Corporate Income Tax TY 2023
We last updated the Beneficiary's Massachusetts Information in January 2024, so this is the latest version of Schedule 2K-1, fully updated for tax year 2023. You can download or print current or past-year PDFs of Schedule 2K-1 directly from TaxFormFinder. You can print other Massachusetts tax forms here.
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TaxFormFinder has an additional 126 Massachusetts income tax forms that you may need, plus all federal income tax forms.
| Form Code | Form Name |
|---|---|
| Form 2 | Fiduciary Income Tax Return |
| Schedule DRE | Disclosure of Disregarded Entity |
| Schedule D-IS | Long-Term Capital Gains and Losses Excluding Collectibles |
| Form 355-7004 | Corporate Extension Worksheet |
| Form 3 | Partnership Return |
View all 127 Massachusetts Income Tax Forms
Form Sources:
Massachusetts usually releases forms for the current tax year between January and April. We last updated Massachusetts Schedule 2K-1 from the Department of Revenue in January 2024.
About the Corporate Income Tax
The IRS and most states require corporations to file an income tax return, with the exact filing requirements depending on the type of company.
Sole proprietorships or disregarded entities like LLCs are filed on Schedule C (or the state equivalent) of the owner's personal income tax return, flow-through entities like S Corporations or Partnerships are generally required to file an informational return equivilent to the IRS Form 1120S or Form 1065, and full corporations must file the equivalent of federal Form 1120 (and, unlike flow-through corporations, are often subject to a corporate tax liability).
Additional forms are available for a wide variety of specific entities and transactions including fiduciaries, nonprofits, and companies involved in other specific types of business.
Historical Past-Year Versions of Massachusetts Schedule 2K-1
We have a total of twelve past-year versions of Schedule 2K-1 in the TaxFormFinder archives, including for the previous tax year. Download past year versions of this tax form as PDFs here:
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