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Partner's Distributive Share
Schedule 3K-1

2020 Massachusetts Department of Revenue Form 3K-1 Partner’s Massachusetts Information Tax year beginning Calendar year filers enter 01–01–2020 and 12–31–2020 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 partnership (fill in one only): Individual resident Individual nonresident Trust or estate S corporation Partnership or other PTE IRA Disregarded entity Exempt organization Corporation B1. Type of partner: General partner or LLC member–manager Limited partner or other member B2. Indicate partner status: Domestic partner Foreign partner C. Type of form submission: Final Amended return 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(i)(2)(B) 5 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 4 Combine lines 1 through 3. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 4 0 0 5 Credits available: a. Taxes due to another jurisdiction (full-year residents and part-year residents only). . . . . . . . . . . . . . . . . . . . . . . . . . . . 5a 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 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 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 2020 SCHEDULE 3K-1, PAGE 2 NAME OF PARTNER TAXPAYER IDENTIFICATION NUMBER 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. Angel Investor credit. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .5s 0 0 t. Apprentice credit . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 5t 0 0 u. Vacant Storefront credit . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 5u 0 0 v. Total credits. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 5v 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 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 14 Short-term capital gains (from Form 3, line 33). . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 14 0 0 15 Short-term capital losses (from Form 3, line 34). . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 15 0 0 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 9 Interest from U.S. obligations (from Form 3, line 28). . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 17 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) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 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 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 2020 SCHEDULE 3K-1, PAGE 3 NAME OF PARTNER TAXPAYER IDENTIFICATION NUMBER 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 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 PASS-THROUGH ENTITY PAYMENT AND CREDIT INFORMATION Declaration election code: Withholding Composite Member-self file 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 
Extracted from PDF file 2020-massachusetts-schedule-3k-1.pdf, last modified October 2020

More about the Massachusetts Schedule 3K-1 Corporate Income Tax TY 2020

We last updated the Partner's Distributive Share in February 2021, so this is the latest version of Schedule 3K-1, fully updated for tax year 2020. 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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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 355-ES-2019 Corporate Estimated Tax Payment Vouchers
Form 2 Fiduciary Income Tax Return
Form 355-7004 Corporate Extension Worksheet
Form 3M Income Tax Return for Clubs and Other Organizations
Schedule IDD Income Distribution Deduction

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 2021.

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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 nine 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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