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Massachusetts Partner's Distributive Share
Extracted from PDF file 2023-massachusetts-schedule-3k-1.pdf, last modified October 2023Partner's Distributive Share
2023 Massachusetts Department of Revenue Form 3K-1 Partner’s Massachusetts Information Tax year beginning Calendar year filers enter 01–01–2023 and 12–31–2023 below; fiscal year filers enter appropriate dates Tax year ending MM D D Y Y Y Y MM D D Y Y Y Y NAME OF PARTNER TAXPAYER IDENTIFICATION NUMBER ADDRESS CITY/TOWN/POST OFFICE STATE ZIP + 4 NAME OF PARTNERSHIP FEDERAL IDENTIFICATION NUMBER ADDRESS CITY/TOWN/POST OFFICE STATE ZIP + 4 A. Type of partner (fill in one only): Individual resident Individual nonresident Resident trust or estate Nonresident trust or estate S corporation Partnership or other PTE IRA Corporation Ch 62 exempt organization Ch 63 exempt organization A1. Fill in if partner is a nonresident of Massachusetts (see instructions). . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . A2. If partner is a Disregarded Entity (DE) (see instructions), enter DE partner’s name:___________________________TIN:________________________________ Domestic (U.S.) Foreign (non-U.S.) Limited partner or other member B2. Partner status: Domestic Enter entity type of DE partner: ________________________________ Enter status of DE partner: General partner or LLC member–manager C. Type of form submission: Final Amended return B1. Type of partner: Foreign D. Fill in if there was a sale, transfer or liquidation of any part of this partnership interest during the tax year . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . E. Fill in if the partnership participated in one or more installment sales transactions. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . If filled in, indicate whether information has been communicated to the partner to calculate an addition to Massachusetts tax under MGL ch 62C, § 32A based on the following Internal Revenue Code (IRC) provisions (fill in all that apply): IRC § 453A IRC § 453(i)(2)(B) F. Fill in if partner contributed property with built-in gain (loss) If filled in provide partner’s share of net unrecognized IRC § 704(c) gain (loss): Beginning $__________________________________ Ending $__________________________________ IF A LOSS, MARK AN X IN BOX PARTNER’S DISTRIBUTIVE SHARE 1 Massachusetts ordinary income or loss (from Form 3, line 20). . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 0 0 1 2 Guaranteed payments to partners (deductible and capitalized; from U.S. Form 1065, Schedule K) . . . . . . . . . . . . . . . . . . . 2 0 0 3 Separately stated deductions . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 3 0 0 0 0 4 Combine lines 1 through 3. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 4 5a 0 0 b. Total other credits (from “Credit Section”) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 5b 0 0 6 Credit recapture (see instructions). . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 6 0 0 7 Net income or loss from rental real estate activity (from Form 3, line 23) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 7 0 0 8 Net income or loss from other rental activity (from Form 3, line 26) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 8 0 0 5 a. Taxes due to another jurisdiction (full-year residents and part-year residents only). . . . . . . . . . . . . . . . . . . . . . . . . . . . 9 0 0 10 Interest (5.0%) from Massachusetts banks (from Form 3, line 29) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 10 0 0 11 Other interest and dividend income (from Form 3, line 30) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 11 0 0 12 Non-Massachusetts state and municipal bond interest (from Form 3, line 31) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 12 0 0 13 Royalty income (from Form 3, line 32). . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 13 0 0 9 Interest from U.S. obligations (from Form 3, line 28). . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . BE SURE TO CONTINUE SCHEDULE 3K-1 ON OTHER SIDE 2023 SCHEDULE 3K-1, PAGE 2 NAME OF PARTNER TAXPAYER IDENTIFICATION NUMBER 14 Short-term capital gains (from Form 3, line 33). . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 14 0 0 0 0 15 Short-term capital losses (from Form 3, line 34). . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 15 16 Gain on the sale, exchange, or involuntary conversion of property used in a trade or business held for one year or less (from Form 3, line 35) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 16 0 0 or less (from Form 3, line 36) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 17 0 0 18 Long-term capital gain or loss (from Form 3, line 37). . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 18 0 0 19 Net gain or loss under IRC § 1231 (from Form 3, line 38). . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 19 0 0 20 Long-term gains on collectibles and pre-1996 installment sales (from Form 3, line 39). . . . . . . . . . . . . . . . . . . . . . . . . . 20 0 0 21 Differences and adjustments (from Form 3, line 40) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 21 0 0 17 Loss on the sale, exchange, or involuntary conversion of property used in a trade or business held for one year UPPER TIER ENTITY/CORPORATE PARTNER INFORMATION 22 State and municipal bond interest not included in U.S. net income. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 22 0 0 23 Foreign, state or local income, franchise, excise or capital stock taxes deducted from U.S. net income. . . . . . . . . . . . . . . 23 0 0 24 Other adjustments, if any. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 24 0 0 RECONCILIATION OF PARTNER’S CAPITAL ACCOUNT 25 Balance at beginning of year . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 25 0 0 26 Massachusetts net income for year . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 26 0 0 27 Entire net income for year. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 27 0 0 28 Capital contributions. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 28 0 0 29 Withdrawals. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 29 0 0 30 Balance at end of year. Add lines 25, 27 and 28 and subtract line 29. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 30 0 0 PARTNER’S SHARE OF PROFIT, LOSS AND CAPITAL 31 Percentage of profit . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Beginning Ending 31 32 Percentage of loss. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Beginning Ending 32 33 Percentage of capital . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Beginning Ending 33 34 Non-recourse liabilities. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Ending 34 0 0 35 Qualified non-recourse financing. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Ending 35 0 0 36 Recourse liabilities. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Ending 36 0 0 2023 SCHEDULE 3K-1, PAGE 3 NAME OF PARTNER TAXPAYER IDENTIFICATION NUMBER PASS-THROUGH ENTITY PAYMENT AND CREDIT INFORMATION Declaration election code: Withholding Composite Member-self file Exempt PTE Insurance company Non-profit Exempt corporate limited partner 37 Withholding amount. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .37 0 0 38 Payments made in a composite filing. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 38 0 0 39 Credit for amounts withheld by lower-tier entity . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 39 0 0 40 Payments made with a composite filing by lower-tier entity (informational only). . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 40 0 0 Payer identification number PARTNER’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 partners having qualified taxable income subject to the MGL ch 63D entity-level tax. See instructions. If the partner is a trust, fill in if the trust is a pass-through entity 41 Total qualified income subject to 5.0% entity-level tax a. Total of ordinary income or loss, interest, and dividend income. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 41a 0 0 b. Net gain or loss from the sale of capital assets . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 41b 0 0 c. Total income subject to 5% entity-level tax . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 41c 0 0 d. 100% of entity-level tax reported and paid by pass-through entity . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 41d 0 0 e. Partner’s refundable credit . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 41e 0 0 2023 SCHEDULE 3K-1, PAGE 4 NAME OF PARTNER TAXPAYER IDENTIFICATION NUMBER CREDIT SECTION Lead Paint credit . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 0 0 Economic Opportunity Area . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 0 0 Economic Development Incentive Program . . Certificate number. . . . 0 0 Brownfields credit (see instructions) . . . . . . . . Certificate number. . . . 0 0 Low-Income Housing credit. . . . . . . . . . . . . . . Certificate number. . . . 0 0 Historic Rehabilitation credit . . . . . . . . . . . . . . Certificate number. . . . 0 0 Film Incentive credit (see instructions). . . . . . Certificate number. . . . 0 0 Medical Device credit. . . . . . . . . . . . . . . . . . . . Certificate number. . . . 0 0 Ch 63D Refundable credit . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 0 0 Farming and Fisheries credit. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 0 0 Certified Housing Development credit . . . . . . . Certificate number . . . . 0 0 Life Sciences credit . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 0 0 Veterans Hire credit. . . . . . . . . . . . . . . . . . . . . Certificate number . . . . 0 0 Low-Income Housing Donation credit . . . . . . . Certificate number. . . . 0 0 Dairy credit . . . . . . . . . . . . . . . . . . . . . . . . . . . Certificate number . . . . 0 0 Conservation credit. . . . . . . . . . . . . . . . . . . . . Certificate number . . . . 0 0 Community Investment credit. . . . . . . . . . . . . Certificate number . . . . 0 0 Angel Investor credit . . . . . . . . . . . . . . . . . . . . Certificate number. . . . 0 0 Apprentice credit . . . . . . . . . . . . . . . . . . . . . . . Certificate number. . . . 0 0 Vacant Storefront credit. . . . . . . . . . . . . . . . . . Certificate number . . . . 0 0 Cranberry Bog credit. . . . . . . . . . . . . . . . . . . . Certificate number . . . . 0 0 Offshore Wind Facility Capital Investment credit . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 0 0 Offshore Wind Jobs credit. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 0 0 National Guard Hiring credit. . . . . . . . . . . . . . Certificate number . . . . 0 0 Disability Employment credit. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 0 0 TOTAL OTHER CREDITS. Enter this amount on line 5b. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 0 0
Schedule 3K-1
More about the Massachusetts Schedule 3K-1 Corporate Income Tax TY 2023
We last updated the Partner's Distributive Share in January 2024, so this is the latest version of Schedule 3K-1, fully updated for tax year 2023. You can download or print current or past-year PDFs of Schedule 3K-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 3K-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 3K-1
We have a total of twelve past-year versions of Schedule 3K-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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