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Massachusetts Partnership and S Corporation Income and Loss
Extracted from PDF file 2023-massachusetts-schedule-e-2.pdf, last modified October 2023Partnership and S Corporation Income and Loss
Massachusetts Department of Revenue Schedule E-2 Partnership and S Corporation Income and (Loss) 2023 Form 1 and Form 1-NR/PY filers must use Schedule E-2 to report income and loss from partnerships and S corporations. Separate Schedule(s) E-2 must be filed for each individual entity. Name Social Security number Name of entity Federal Identification number Fill in one only: ● S corporations ● Partnership Enter amount of 90% refundable PTE Excise Credit claimed from the Massachusetts K-1 issued by this entity (see Schedule E instructions): Income or (Loss) from Partnerships and S Corporations Fill in oval if showing a loss 1 Passive loss allowed. (Enter as positive amount.) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 1 2 Passive income (from U.S. Schedule K-1) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 2 3 Non-passive loss (from U.S. Schedule K-1). (Enter as positive amount.). . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 3 4 Section 179 expense deduction (from US Form 4562). (Enter as positive amount.) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 4 5 Non-passive income (from U.S. Schedule K-1). . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 5 6 Combine lines 2 and 5 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 6 7 Combine lines 1, 3 and 4 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 7 8 Partnership or S corporation income or (loss). Combine lines 6 and 7. (Enter loss as negative amount.) . . . . . . . . . . . . . . . 8 9 Interest (other than from Massachusetts banks) and dividends if included in line 8. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 9 10 Interest from Massachusetts banks if included in line 8. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 10 11 Total partnership and S corporation income or (loss). Subtract the total of lines 9 and 10 from line 8. (Enter loss as negative amount.). . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 11 12 Fill in if reporting any loss not allowed in a prior year due to the at-risk, or basis limitations; a prior year unallowed loss from a passive activity (if that loss was not reported on US Form 8582) or unreimbursed partnership expenses. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ● 13 Fill in if any amount of this investment not at risk... . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ●
Schedule E-2
More about the Massachusetts Schedule E-2 Individual Income Tax TY 2023
We last updated the Partnership and S Corporation Income and Loss in January 2024, so this is the latest version of Schedule E-2, fully updated for tax year 2023. You can download or print current or past-year PDFs of Schedule E-2 directly from TaxFormFinder. You can print other Massachusetts tax forms here.
Related Massachusetts Individual Income Tax Forms:
TaxFormFinder has an additional 126 Massachusetts income tax forms that you may need, plus all federal income tax forms. These related forms may also be needed with the Massachusetts Schedule E-2.
| Form Code | Form Name |
|---|---|
| Schedule EC | Solar and Wind Energy Credit |
| Schedule E-1 | Rental Real Estate and Royalty Income and Loss |
| Schedule EOAC | Economic Opportunity Area Credit |
| Schedule E Reconciliation | Total Supplemental Income and Loss |
| Schedule E-3 | Estate, Trust, REMIC, and Farm Income |
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 E-2 from the Department of Revenue in January 2024.
About the Individual Income Tax
The IRS and most states collect a personal income tax, which is paid throughout the year via tax withholding or estimated income tax payments.
Most taxpayers are required to file a yearly income tax return in April to both the Internal Revenue Service and their state's revenue department, which will result in either a tax refund of excess withheld income or a tax payment if the withholding does not cover the taxpayer's entire liability. Every taxpayer's situation is different - please consult a CPA or licensed tax preparer to ensure that you are filing the correct tax forms!
Historical Past-Year Versions of Massachusetts Schedule E-2
We have a total of thirteen past-year versions of Schedule E-2 in the TaxFormFinder archives, including for the previous tax year. Download past year versions of this tax form as PDFs here:
2011 Schedule E-2
sch. e-2
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