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Massachusetts Income Distribution Deduction
Extracted from PDF file 2023-massachusetts-schedule-idd.pdf, last modified November 2023Income Distribution Deduction
Massachusetts Department of Revenue Schedule IDD Income Distribution Deduction Name of estate or trust Estate or trust employer Identification number Part 1. Income distribution deduction — Part B Income 1 Total Part B 5.0% income. From line 9 of Form 2. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 1 2 Enter the amount of total Part B 5.0% income included in line 1 required to be distributed currently. . . . . . . . . . . . . . . . . . . 2 3 Enter any other amounts included in line 1 paid, credited or otherwise required to be distributed. . . . . . . . . . . . . . . . . . . . . 3 4 Total distributions. Add lines 2 and 3. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 4 5 Income distribution deduction. Enter the smaller of line 1 or line 4 here and on line 10 of Form 2. . . . . . . . . . . . . . . . . . . . . 5 Part 2. Income distribution deduction — Part A Interest and Dividend Income 6 Total Part A 5.0% interest and dividend income. From line 16 of Form 2. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 6 7 Enter the amount of total Part A 5.0% interest and dividend income included in line 6 required to be distributed currently. . 7 8 Enter any other amounts included in line 6 paid, credited or otherwise required to be distributed. . . . . . . . . . . . . . . . . . . . . 8 9 Total distribution. Add lines 7 and 8. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 9 10 Income distribution deduction. Enter the smaller of line 6 or line 9 here and on line 17 of Form 2. . . . . . . . . . . . . . . . . . . . 10 Part 3. Income distribution deduction — Part A 8.5% and 12% Capital Gains 11 Total Part A 8.5% and 12% capital gains. From line 25 of Form 2 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 11 12 Enter the amount of total Part A 8.5% and 12% capital gains included in line 11 required to be distributed currently . . . . . 12 13 Enter any other amounts included in line 11 paid, credited, or otherwise required to be distributed. . . . . . . . . . . . . . . . . . . 13 14 Total distribution. Add lines 12 and 13. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 14 15 Income distribution deduction. Enter the smaller of line 11 or line 14 here and on line 26 of Form 2. . . . . . . . . . . . . . . . . . 15 Part 4. Income distribution deduction — Part C 5.0% Capital Gains 16 Total Part C 5.0% long-term capital gains. From line 33 of Form 2. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 16 17 Enter the amount of total Part C 5.0% long-term capital gains included in line 16 required to be distributed currently . . . . 17 18 Enter any other amounts included in line 16 paid, credited, or otherwise required to be distributed . . . . . . . . . . . . . . . . . . 18 19 Total distributions. Add lines 17 and 18. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 19 20 Income distribution deduction. Enter the smaller of line 16 or line 19 here and on line 34 of Form 2. . . . . . . . . . . . . . . . . . 20 2023
Schedule IDD
More about the Massachusetts Schedule IDD Corporate Income Tax TY 2023
We last updated the Income Distribution Deduction in January 2024, so this is the latest version of Schedule IDD, fully updated for tax year 2023. You can download or print current or past-year PDFs of Schedule IDD directly from TaxFormFinder. You can print other Massachusetts tax forms here.
Other Massachusetts Corporate Income Tax Forms:
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 IDD 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 IDD
We have a total of twelve past-year versions of Schedule IDD 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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