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Massachusetts Free Printable  for 2020 Massachusetts Shareholder's Massachusetts Information

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Shareholder's Massachusetts Information
Schedule SK-1

FOR PRIVACY ACT NOTICE, SEE INSTRUCTIONS. Schedule SK-1 Shareholder’s Massachusetts Information. Complete one Schedule SK-1 for each shareholder. NAME OF SHAREHOLDER 2019 TAXPAYER IDENTIFICATION NUMBER ADDRESS CITY/TOWN/POST OFFICE STATE ZIP+4 NAME OF S CORPORATION FEDERAL IDENTIFICATION NUMBER (FID) ADDRESS CITY/TOWN/POST OFFICE STATE ZIP+4 Type of shareholder: Individual resident Individual nonresident Trust or estate Bank Exempt organization Fill in if: Final Amended S corporation participated in one or more installment sales transactions. If filled in, indicate whether information has been communicated to the shareholder to calculate an addition to Massachusetts tax under MGL ch 62C, § 32A based on the following Internal Revenue Code (IRC) provisions (check all that apply): IRC § 453A IRC § 453(I)(2)(B) There was a sale, transfer or liquidation of any part of this shareholder interest during the tax year SHAREHOLDER’S DISTRIBUTIVE SHARE 1 Massachusetts ordinary income or loss (from Schedule S, line 31). . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 1 2 Separately stated deductions . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 2 3 4 Add lines 1 and 2 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .3 5 If a loss, mark an X in box at left Credits available a. Taxes paid to another jurisdiction (full-year and part-year residents only) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 4a b. Lead Paint Credit . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 4b c. Economic Opportunity Area Credit. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 4c d. Economic Development Incentive Program Credit. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 4d e. Brownfields Credit . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 4e f. Low-Income Housing Credit. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 4f g. Historic Rehabilitation Credit . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 4g h. Refundable Film Credit. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 4h i. Film Incentive Credit. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .4i j. Medical Device Credit.. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .4j k. Refundable Dairy Credit . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 4k l. Refundable Life Science Credit. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 4l m. Life Sciences Credit. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 4m n. Refundable Economic Development Incentive Credit. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 4n o. Conservation Land Credit. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 4o p. Employer Wellness Program Credit. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 4p q. Refundable Community Investment Credit . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 4q r. Certified Housing Development Credit . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 4r Mail to: Massachusetts Department of Revenue, PO Box 7005, Boston, MA 02204. TAXPAYER IDENTIFICATION NUMBER 2019 SCHEDULE SK-1, PAGE 2 SHAREHOLDER’S DISTRIBUTIVE SHARE (cont’d) s. Veteran’s Hiring Credit. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 4s t. Low-Income Housing Donation Credit. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 4t u. Angel Investor Credit.. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 4u v. Apprentice Credit . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 4v w. Vacant Store Front Credit. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 4w x. Total credits . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 4x 5 Adjusted Massachusetts net income or loss from rental real estate activity(ies) (from Schedule S, line 34). . . . . . 5 6 Adjusted Massachusetts net income or loss from other real estate activity(ies) (from Schedule S, line 37). . . . . . . 6 7 Interest from U.S. obligations (from Schedule S, line 39). . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 7 8 Interest (5.05%) from Massachusetts banks (from Schedule S, line 40) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 8 9 Other interest and dividend income (from Schedule S, line 41). . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 9 10 Non-Massachusetts state and municipal bond interest (from Schedule S, line 42). . . . . . . . . . . . . . . . . . . . . . . . . . . . 10 11 Royalty income (from Schedule S, line 43) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 11 12 Other income (from Schedule S, line 44). . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 12 13 Short-term capital gains (from Schedule S, line 45) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 13 14 Short-term capital losses (from Schedule S, line 46). . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 14 15 Gain on the sale, exchange or involuntary conversion of property used in a trade or business held for one year or less (from Schedule S, line 47). . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 15 16 Loss on the sale, exchange or involuntary conversion of property used in a trade or business held for one year or less (from Schedule S, line 48). . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 16 17 Long-term capital gain or loss (from Schedule S, line 49). . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 17 18 Net gain or loss under Schedule 1231 (from Schedule S, line 50). . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 18 19 Other long-term gains and losses (from Schedule S, line 51). . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 19 20 Long-term gains on collectibles (from Schedule S, line 52). . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 20 21 Differences and adjustments (from Schedule S, line 53). . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 21 22 Property distributions made to shareholder (from U.S. Form 1120S, Schedule K-1, line 16d). . . . . . . . . . . . . . . . 22 TAXPAYER IDENTIFICATION NUMBER 2019 SCHEDULE SK-1, PAGE 3 SHAREHOLDER’S BASIS INFORMATION 23 a. Enter date of federal basis (12-31-1985 or later). . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 23a M M D D Y Y Y Y b. Number of shares owned . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 23b c. Shareholder’s percentage of stock ownership. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 23c d. Dollar value of basis as of the date in line 23a. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 23d 24 Massachusetts basis at beginning of tax year a. Stock . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .24a b. Indebtedness . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 24b 25 Net Massachusetts adjustments a. Stock . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .25a b. Indebtedness . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 25b 26 Net federal adjustments a. Stock . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .26a b. Indebtedness . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 26b 27 Massachusetts basis at end of tax year a. Stock (add lines 24a and 25a). . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 27a b. Indebtedness (add lines 24b and 25b). . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 27b PASS-THROUGH ENTITY PAYMENT AND CREDIT INFORMATION Declaration election code: Withholding Composite Member self-file Exempt PTE Non-profit 28 Withholding amount. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 28 29 Estimated payments. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 29 30 Credit for amounts withheld by lower-tier entity(ies) Payer Identification number 3 31 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 330 Credit for amounts of estimated payments made by lower-tier entity(ies) Payer Identification number 3 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 331
Extracted from PDF file 2019-massachusetts-schedule-sk-1.pdf, last modified January 2020

More about the Massachusetts Schedule SK-1 Corporate Income Tax TY 2019

We last updated the Shareholder's Massachusetts Information in March 2020, so this is the latest version of Schedule SK-1, fully updated for tax year 2019. You can download or print current or past-year PDFs of Schedule SK-1 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
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 SK-1 from the Department of Revenue in March 2020.

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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 SK-1

We have a total of nine past-year versions of Schedule SK-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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