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12% Unrelated Trade or Business Capital Gains

23 Total 12% capital gain net income (from Massachusetts Form 2, Schedule B, line 30) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 3 23

Excess Deductions

24 Excess deductions allowed against 12% unrelated trade or business capital gains. If line 20 is greater than 12,

subtract line 12 from line 20 and enter the result here. Otherwise, enter “0” . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 3 24

12% Tax

25 12% unrelated trade or business taxable capital gains. Subtract line 24 from line 23. Not less than “0” . . . . . . . . . . . . . . . . . . 25

26 12% tax. Multiply line 25 by 12% . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 3 26

Tax Before Credits

27 Credit recapture (Brownfields; Economic Opportunity Area; Low-Income Housing; Historic Rehabilitation) . . . . . . . . . . . . . . 3 27

28 Additional tax on installment sales . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 3 28

29 Total tax. Add lines 22 and 26 through 28 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 3 29

Credits

30 Credit for income taxes paid to other jurisdictions . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 3 30

31 Lead Paint Credit . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 3 31

32a Economic Opportunity Area Credit . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 3 32a

32b Economic Development Incentive Program. Certificate number 3

. . . . . . . . . . . . . . . 3 32b

33 Brownfields Credit. Certificate number 3

. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 3 33

34 Low-Income Housing Credit. Certificate number 3

. . . . . . . . . . . . . . . . . . . . . . . . . . . . . 3 34

35 Historic Rehabilitation Credit. Certificate number 3

. . . . . . . . . . . . . . . . . . . . . . . . . . . . 3 35

36 Film Incentive. Certificate number 3

. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 3 36

37 Medical Device Credit. Certificate number 3

. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 3 37

38 Employer Wellness Program Credit. Certificate number 3

. . . . . . . . . . . . . . . . . . . . . . . 3 38

DRAFT AS OF

39 Farming and Fisheries Credit. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 39

40 Total credits. Add lines 30 through 39 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 40

OCTOBER 9, 2015

41 Tax after credits. Subtract line 40 from line 29 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 41

Payments

(SUBJECT TO CHANGE)

42 Massachusetts income tax withheld (enclose all Massachusetts Forms W-2, W-2G, 1099-G and 1099-R) . . . . . . . . . . . . . . 3 42

43 2014 overpayment applied to your 2015 estimated tax. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 3 43

44 2015 Massachusetts estimated tax payments (do not include the amount in line 43) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 3 44

45 Payments made with extension . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 3 45

46 Refundable film credit . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 3 46

47 Refundable dairy credit. Certificate number 3

. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 3 47

48 Refundable conservation tax credit. Certificate number 3

. . . . . . . . . . . . . . . . . . . . . . . 3 48

49 Refundable Community Investment tax credit. Certificate number 3

. . . . . . . . . . . . . . . 3 49

50 Payment with original return (use only if amending a return) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 3 50

51 Total tax payments. Add lines 42 through 50 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 51

Refund or Balance Due

52 Overpayment. If line 41 is smaller than line 51, subtract line 41 from line 51 and enter the result in line 52. If line 41 is

larger than line 51, go to line 55 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 52

53 Amount of overpayment you want applied to your 2016 estimated taxes. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 3 53

54 Amount of your refund. Subtract line 53 from line 52 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 3 54

55 Tax due. If line 41 is larger than line 51, subtract line 51 from line 41 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 3 55

56 M-2210F penalty 3 $ ______________________ ; Other penalties 3 $______________________. . . . . . . . . . Total penalty 56

57 Total payment due at time of filing . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 3 57

58 Interest on unpaid balance . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 3 58

Form M-990t-62 Draft - Exempt Trust And Unincorporated Association Income Tax Return - 2015 Page 2

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