Massachusetts Schedule B is an income tax form issued by the Massachusetts Department of Revenue for tax filing purposes. The form is required for individuals, estates, and trusts who need to report their income to the state of Massachusetts. The Massachusetts Schedule B form covers a variety of different income sources and deductions, such as wages, salaries, dividends, capital gains, miscellaneous income, and various itemized deductions. There are several versions of Schedule B, including Form 1-NR/BY for part-year residents and nonresidents, Form 1 for full-year residents, Form 2 for estates and trusts, and Form 3 for fiduciaries.
Massachusetts Schedule B
State:
Massachusetts
Control #:
MA-SKU-0086
Format:
PDF
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Description
Schedule B
How to fill out Massachusetts Schedule B?
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FAQ
Schedule B reports the interest and dividend income you receive during the tax year. However, you don't need to attach a Schedule B every year you earn interest or dividends. It is only required when the total exceeds certain thresholds.
More In Forms and Instructions Use Schedule B (Form 1040) if any of the following applies: You had over $1,500 of taxable interest or ordinary dividends. You received interest from a seller-financed mortgage and the buyer used the property as a personal residence. You have accrued interest from a bond.
Schedule C Massachusetts Profit or Loss from Business.
What is Schedule B Massachusetts? Per the state of Massachusetts you must complete Schedule B if you had: Dividend income over $1,500. Any interest income taxed at 5.0% other than from Massachusetts banks. Any short-term capital gains or losses.
Schedule B Interest, Dividends and Certain Capital Gains and Losses 2022.
More In Forms and Instructions Use Schedule B (Form 1040) if any of the following applies: You had over $1,500 of taxable interest or ordinary dividends. You received interest from a seller-financed mortgage and the buyer used the property as a personal residence. You have accrued interest from a bond.
