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Massachusetts Free Printable sch. 3K-1 for 2020 Massachusetts Partner's Distributive Share

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Partner's Distributive Share
sch. 3K-1

File pg. 1 FOR PRIVACY ACT NOTICE, SEE INSTRUCTIONS. PRINT IN BLACK INK Calendar year filers enter 01-01-2018 and 12-31-2018 below. Fiscal year filers enter appropriate dates. Complete one Schedule 3K-1 for each partner. Tax year beginning 3 Tax year ending 3 Schedule 3K-1 Partner’s Massachusetts Information TAXPAYER IDENTIFICATION NUMBER NAME OF PARTNER ADDRESS CITY/TOWN/POST OFFICE STATE ZIP + 4 FEDERAL IDENTIFICATION NUMBER (FID) NAME OF PARTNERSHIP ADDRESS CITY/TOWN/POST OFFICE A. Type of entity (fill in one only): Partnership or other PTE 2018 Individual resident IRA Individual nonresident Disregarded entity B. Type of partner: Limited General C. Type of form submission: Final Amended return STATE ZIP + 4 Trust or estate Exempt organization S corporation Corporation 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 Yes, 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(l)(2)(B) 5 If showing a loss, mark an X in box at left PARTNER’S DISTRIBUTIVE SHARE 1 Massachusetts ordinary income or loss (from Form 3, line 20) . . . . . . . . . . . . . . . . . . . . . . . . . . . . 1 0 0 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 4 5 Combine lines 1 through 3. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 4 Credits available: a. Taxes due to another jurisdiction (full-year residents and part-year residents only). . . . . . . . . . . . . 5a 0 0 0 0 b. Lead Paint credit . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 5b 0 0 c. Economic Development Incentive Program . . . . . . . . . . . . . 5c 0 0 d. Brownfields credit (see instructions) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 5d 0 0 e. Low-Income Housing credit. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 5e 0 0 f. Historic Rehabilitation credit. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 5f 0 0 g. Film Incentive credit (see instructions) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 5g 0 0 h. Medical Device credit . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 5h 0 0 i. Employer Wellness Program credit. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 5i 0 0 j. Farming and Fisheries credit . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 5j 0 0 k. Certified Housing Development credit . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 5k 0 0 l. Life Sciences credit/Angel Investor credit . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 5l 0 0 m.Veterans Hire credit . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 5m 0 0 n. Low-Income Housing Donation credit . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 5n 0 0 Economic Opportunity Area BE SURE TO CONTINUE SCHEDULE 3K-1 ON OTHER SIDE File pg. 2 TAXPAYER IDENTIFICATION NUMBER 2018 SCHEDULE 3K-1, PAGE 2 o. Refundable Film credit (see instructions) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 5o 0 0 p. Refundable Dairy credit . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 5p 0 0 q. Refundable Conservation credit . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 5q 0 0 r. Refundable Community Investment credit . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 5r 0 0 s. Total credits . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 5s 0 0 6 Net income or loss from rental real estate activity(ies) (from Form 3, line 23). . . . . . . . . . . . . . . . . 6 0 0 7 Net income or loss from other rental activity(ies) (from Form 3, line 26). . . . . . . . . . . . . . . . . . . . . 7 0 0 8 Interest from U.S. obligations (from Form 3, line 28) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 8 0 0 9 Interest (5.1%) from Massachusetts banks (from Form 3, line 29) . . . . . . . . . . . . . . . . . . . . . . . . . . . . 9 0 0 10 Other interest and dividend income (from Form 3, line 30). . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 10 0 0 11 Non-Massachusetts state and municipal bond interest (from Form 3, line 31). . . . . . . . . . . . . . . . . . . 11 0 0 12 Royalty income (from Form 3, line 32) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 12 0 0 13 Short-term capital gains (from Form 3, line 33) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 13 0 0 14 15 Short-term capital losses (from Form 3, line 34) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 14 0 0 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) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 15 0 0 16 Loss 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 36) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 16 0 0 17 Long-term capital gain or loss (from Form 3, line 37) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 17 0 0 18 Net gain or loss under IRC § 1231 (from Form 3, line 38) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 18 0 0 19 Long-term gains on collectibles and pre-1996 installment sales (from Form 3, line 39) . . . . . . . . . . . 19 0 0 20 Differences and adjustments (from Form 3, line 40). . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 20 0 0 CORPORATE PARTNER INFORMATION 21 State and municipal bond interest not included in U.S. net income . . . . . . . . . . . . . . . . . . . . . . . . . . . 21 0 0 22 Foreign, state or local income, franchise, excise or capital stock taxes deducted from U.S. net income 22 0 0 23 Other adjustments, if any . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 23 0 0 File pg. 3 TAXPAYER IDENTIFICATION NUMBER 2018 SCHEDULE 3K-1, PAGE 3 RECONCILIATION OF PARTNER’S CAPITAL ACCOUNT 24 Balance at beginning of year . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 24 0 0 25 Massachusetts net income for year . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 25 0 0 26 Entire net income for year . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 26 0 0 27 Capital contributions. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 27 0 0 28 Withdrawals . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 28 0 0 29 Balance at end of year. Add lines 24, 26 and 27 and subtract line 28 . . . . . . . . . . . . . . . . . . . . . . . 29 0 0 PARTNER’S SHARE OF PROFIT, LOSS AND CAPITAL 30 Percentage of profit . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Beginning Ending 31 Percentage of loss . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Beginning Ending 32 Percentage of capital . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Beginning Ending 33 Non-recourse liabilities . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Ending 34 Qualified non-recourse financing. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Ending 35 Recourse liabilities. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Ending PASS-THROUGH ENTITY PAYMENT AND CREDIT INFORMATION Declaration election code: Withholding Exempt PTE Exempt corporate limited partner Composite Insurance company Member self-file Non-profit 36 Withholding amount . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 36 0 0 37 Payments made in a composite filing . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 37 0 0 38 Credit for amounts withheld by lower-tier entity(ies) . . . . . . . . . . . . . . . . . . 3 38 0 0 Payments made with a composite filing by lower-tier entity(ies) (informational only) . . . . . . . . . . . . . 39 0 0 Payer Identification number 3 39
Extracted from PDF file 2018-massachusetts-schedule-3k-1.pdf, last modified January 2019

More about the Massachusetts Schedule 3K-1 Corporate Income Tax

We last updated the Partner's Distributive Share in February 2019, and the latest form we have available is for tax year 2018. This means that we don't yet have the updated form for the current tax year. Please check this page regularly, as we will post the updated form as soon as it is released by the Massachusetts Department of Revenue. 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
Schedule 3K-1 Partner's Distributive Share
Form 355S-PV Massachusetts Corporate Payment Voucher
Form 355-ES-2019 Corporate Estimated Tax Payment Vouchers
Form 3 Partnership Return
Schedule NTS-L-NR/PY No Tax Status and Limited Income Credit

Download all MA tax forms 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 February 2019.

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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 eight 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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