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Massachusetts Member’s Taxable Income from Sources Other Than the Unitary Business
Extracted from PDF file 2023-massachusetts-schedule-u-mti.pdf, last modified April 2023Member’s Taxable Income from Sources Other Than the Unitary Business
CAUTION: This tax return must be filed electronically. Paper versions of this return will not be accepted. If you have questions about filing electronically, contact us at 617-887-6367. See https://www.mass.gov/info-details/dor-e-filing-and-paymentrequirements for further information about our electronic filing and payment requirements. 2023 Schedule U-MTI Member’s Taxable Income from Sources Other Than the Unitary Business For calendar year 2023 or taxable period beginning Massachusetts Department of Revenue 2023 and ending Member’s name Federal identification number Tax type ● Financial institution ● Business corporation Name of principal reporting corporation Federal identification number Se e TI R s 16 -9 an d Pa p 21 -9 er fo re rm tu r ns n. at io rm fo or e w in ill no tb e E- Fi ac le O ce p te nl y. d. 1 Net sales. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 1 2 Cost of goods sold . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 2 3 Gross profit. Subtract line 2 from line 1. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 3 4 Dividends . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 4 5 Interest . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 5 6 Gross rents. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 6 7 Gross royalties . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 7 8 Capital gains net income. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 8 9 Net gain or (loss) from Form 4797 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 9 10 Other income . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 10 11 Income. Combine lines 3 through 10. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 11 12 Total deductions for non-unitary business activity. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 12 13 Net income from non-unitary activity before Massachusetts adjustments. Subtract line 12 from line 11 . . . . . . . . . . . . . . 13 14 Sections 31I and 31K intangible expense add back adjustments. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 14 15 Sections 31J and 31K interest expense add back adjustments . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 15 16 Other Massachusetts adjustments to non-unitary business income or expense . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 16 17 Subtotal of Massachusetts net income before additional deductions. Combine lines 13 through 16 . . . . . . . . . . . . . . . . . . 17 18 Dividends received deduction, if applicable to non-unitary income . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 18 19 Exceptions to the add back of intangible expenses for non-unitary business activities . . . . . . . . . . . . . . . . . . . . . . . . . . . . 19 20 Exceptions to the add back of interest expenses for non-unitary business activities . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 20 21 Other allowable deductions under chapter 63 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 21 22 Massachusetts net income derived from non-unitary business activity. Subtract total of lines 18 through 21 from line 17. . . . 22 23 Non-unitary capital gains or (losses) included above. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 23 24 Non-unitary section 1231 gains or (losses) included above. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 24 25 Non-unitary net income excluding capital gains or (losses) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 25 26 Apportionment percentage for the non-unitary income. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 26 27 Member’s non-unitary income excluding capital gains or (losses) allocated or apportioned to Massachusetts. . . . . . . . . . 27 28 Member’s non-unitary capital gain or (loss) allocated or apportioned to Massachusetts. . . . . . . . . . . . . . . . . . . . . . . . . . . 28 29 Member’s non-unitary section 1231 gain or (loss) allocated or apportioned to Massachusetts . . . . . . . . . . . . . . . . . . . . . . 29
Schedule U-MTI
More about the Massachusetts Schedule U-MTI Corporate Income Tax TY 2023
We last updated the Member’s Taxable Income from Sources Other Than the Unitary Business in January 2024, so this is the latest version of Schedule U-MTI, fully updated for tax year 2023. You can download or print current or past-year PDFs of Schedule U-MTI 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. These related forms may also be needed with the Massachusetts Schedule U-MTI.
| Form Code | Form Name |
|---|---|
| Schedule U-CS | Credits Shared from Other Members |
| Schedule U-CI | Combined Income |
| Schedule U-E | Massachusetts Unitary or Affiliated Group Income |
| Schedule U-IC | Member's Individual Credits |
| Schedule U-INS | Payment to Insurance Companies Under Common Owners |
| Schedule U-M | Member's Income and Expenses |
| Schedule U-ST | Member’s Separate Computation of Tax |
| Schedule U-MSI | Member's Apportioned Share of Group Income |
| Schedule U-NOLS | Member's Shared Loss Carryover |
| Schedule U-TM | Tax by Member |
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 U-MTI 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 U-MTI
We have a total of twelve past-year versions of Schedule U-MTI in the TaxFormFinder archives, including for the previous tax year. Download past year versions of this tax form as PDFs here:
2013 Schedule U-MTI
sch. U-MTI_sch. U-MTI
2012 Schedule U-MTI
sch. U-MTI
2011 Schedule U-MTI
sch. U-MTI
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