Get Ma Dor Schedule B 2024-2025

Filling out the Massachusetts Department of Revenue Schedule B form can be straightforward if you follow the right steps. This guide will walk you through each section of the form, ensuring you understand the necessary components needed to complete it online.

Follow the steps to successfully fill out the MA DoR Schedule B.

1. Click ‘Get Form’ button to obtain the form and open it in the editor.
2. Provide the name of the estate or trust in the designated field and enter the employer identification number associated with the estate or trust.
3. Indicate if you are showing a loss by filling in the appropriate oval.
4. In line 1, enter the total interest received as reported from U.S. Form 1041 or Form 1041-QFT.
5. In line 2, document the total dividends from U.S. Form 1041 or Form 1041-QFT.
6. Line 3 is for reporting any other interest and dividends that were not included above.
7. Calculate the total interest and dividends in line 4 by adding lines 1 through 3.
8. Report any interest on U.S. debt obligations included in line 4 in line 5.
9. For line 6, document any interest from Massachusetts banks reported in Form 2.
10. Complete lines 7a and 7b for any additional exclusions and non-resident estate or trust details as necessary.
11. Add lines 5, 6, 7a, and 7b to derive total adjustments in line 8.
12. Subtract line 8 from line 4 to calculate subtotal in line 9.
13. Document allowable deductions from business in line 10 (from Massachusetts Schedule C-2).
14. Subtract line 10 from line 9 to find the subtotal in line 11.
15. Complete lines 12 to 14 for short-term capital gains and other specific gains.
16. Follow the same procedure through lines 15c to 41, making sure that every calculation reflects accurate figures.
17. When all fields are completed, you can save changes, download a copy, print, or share the document as needed.

Start filling out your MA DoR Schedule B online today to ensure accurate reporting.