Form 3m - Income Tax Return For Clubs And Other Organizations Not Engaged In Business For Profit - 2001 Page 2

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Schedule B. Interest, Dividends and Certain Capital Gains & (Losses)
11 Enter taxable interest (other than interest from Massachusetts banks) received during the year . . . . . . . . . . . . . . . . . . . . . . 1
12 Enter taxable dividends received during the year . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 2
13 Add lines 1 and 2 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 3
14 Enter taxable interest (other than interest from Massachusetts banks) and dividends from all partnerships and
non-Massachusetts estates and trusts . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 4
15 Add lines 3 and 4. If you have no short-term capital gains or (losses), long-term gains on collectibles and pre-1996
installment sales, carryover short-term (losses) from prior years, or net long-term capital (losses), omit lines 6–15.
Enter this amount in line 16 and on Form 3M, line 2. Omit lines 17 and 18. Otherwise complete Schedule B. . . . . . . . . . . . 5
16 Short-term capital gains (included in U.S. Schedule D, lines 1, 2, 4 and 5, column (f)). . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 6
17 Long-term capital gains on collectibles and pre-1996 installment sales (from Massachusetts Schedule D, line 10)* . . . . . . 7
18 Add lines 5, 6 and 7. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 8
19 Short-term capital (losses) (included in U.S. Schedule D, lines 1, 2, 4 and 5, column (f)) . . . . . . . . . . . . . . . . . . . . . . . . . . . 9 (
)
10 Prior short-term (losses) for years beginning after 1981 (from 2000 Massachusetts Schedule B, line 18) . . . . . . . . . . . . . 10 (
)
11 Combine lines 8, 9 and 10. If Schedule B, line 11 is a loss and all amounts in Schedule D, line 13, columns A, B, C, D, E or F, are “0” or less, omit
lines 12–15, enter “0” in lines 16 and 17, enter the amount from line 11 in line 18 and enter “0” on Form 3M, lines 2 and 5. If line 1ine 11 is a positive
amount and any amount in Schedule D, line 13, columns A, B, C, D, E or F is greater than “0,” omit line 12 and enter the
amount from line 11 in line 13. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 11
12 Capital (losses) applied against interest, dividends and/or capital gains (see instructions). . . . . . 12
13 Subtotal. If line 11 is greater than “0,” subtract line 12 from line 11. If line 11 is less than “0,” combine lines 11
and 12. If line 13 is a loss, omit lines 14 through 17, enter the amount from line 13 in line 18 and enter “0” on
Form 3M, lines 2 and 5 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 13
14 Long-term net collectible gain deduction. Complete only if lines 7 and 13 are greater than “0.”
If there is no entry in line 7, enter “0.” If line 7 shows a gain, enter 50% of line 7 less 50% of
(losses) in lines 9, 10 and 12, but not less than “0”. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 14
15 Adjusted gross interest, dividends and certain capital gains. Subtract line 14 from line 13. Not less than “0” . . . . . . . . . . . 15
16 Taxable interest and dividends. If line 15 is greater than or equal to line 5, enter the amount from line 5 here and on
Form 3M, line 2. If line 15 is less than line 5, enter the amount from line 15 here and on Form 3M, line 2 . . . . . . . . . . . . . 16
17 Taxable 12% capital gains. Subtract line 16 from line 15. Not less than “0.” Enter result here, and on Form 3M, line 5 . . . 17
18 Available short-term (losses) for carryover in 2002. Enter amount from line 13 only if it is a (loss). If line 13 is not
completed, enter the amount from line 11, only if it is a (loss) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 18 (
)
*See Form 1 instructions.

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