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Schedule D. Long-Term Capital Gains and (Losses) Excluding Collectibles

Attach copy of U.S. Schedule D.

For lines 1 through 6, 8 and 10 enter in the appropriate column amounts from the sale, exchange or

Held more than 5 years

Held more than

but not more than 6 years

6 years

involuntary conversion of Massachusetts capital assets:

11 Enter amounts included in U.S. Schedule D, line 8, column f . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 1

12 Enter amounts included in U.S. Schedule D, line 9, column f . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 2

13 Enter amounts included in U.S. Schedule D, line 11, column f . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 3

14 Enter amounts included in U.S. Schedule D, line 12, column f. . . . . . . . . . . . . . . . . . . . . . . . . . . . . 4

15 Enter amounts included in U.S. Schedule D, line 13, column f. . . . . . . . . . . . . . . . . . . . . . . . . . . . . 5

16 Carryover losses from prior years. See instructions . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 6

17 Combine lines 1 through 6 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 7

18 Massachusetts differences, if any* (attach additional statement) . . . . . . . . . . . . . . . . . . . . . . . . . . . 8

19 Massachusetts 2000 gains or (losses). Exclude/subtract line 8 from line 7 . . . . . . . . . . . . . . . . . . . 9

10 Long-term gains on collectibles and pre-1996 installment sales.* Also, enter this amount in

Schedule B, line 7 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 10

11 Subtotal. Subtract line 10 from line 9. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 11

12 Long-term capital (losses) applied against long-term capital gains (see instructions) . . . . . . . . . . 12

13 Subtotal. Combine line 11 and line 12. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 13

14 Capital (losses) applied against interest, dividends and/or capital gains (see instructions). . . . . . 14

15 Subtotal. If line 13 is greater than ‘0,” subtract line 14 from line 13. If line 13 is less than “0,”

Multiply line 15, col. E by .01;

enter result below

combine lines 13 and 14. If line 15 is a loss, omit lines 16 and 17, enter the amount from

line 15 in line 18 and enter “0” on Form 3M, line 7 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 15

16 Multiply line 15 by the applicable tax rate. Complete line 17 on Schedule D, page 1 . . . . . . . . . 16

18 Available (losses) for carryover in 2001. Enter in line 18, column E the amount from line 15,

Column E

Column F

carryover amount

column E, only if it is a (loss) Enter in line 18, column F the amount from line 15, column F,

(

)

only if it is a (loss) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 18

*See Form 1 instructions.

Form 3M Instructions

This form is solely for the use of clubs, labor unions, political com-

If Schedule B, line 11 is a positive amount and any amount in

mittees, taxable fraternal organizations and all other organizations

Schedule D, line 13, columns A, B, C, D, E or F is a (loss), you

not engaged in business for profit, and consequently having only

must complete a pro forma version of the Long-Term Capital

taxable dividends, interest, capital gains, Massachusetts savings

(Losses) Applied Against Interest, Dividends and Short-Term

deposit interest and other miscellaneous income. If such an orga-

Capital Gains Worksheet found on page 34 in the Form 1 instruc-

nization has taxable business or other income, the return should

tion booklet. When completing the worksheet, substitute Schedule

be made on Form 3, Partnership Return of Income, and each

B, line 11 (Form 3M) for Schedule B, line 17 (Form 1); Schedule

member must include his/her share by class of income on his/her

D, line 13 (Form 3M) for Schedule D, line 14 (Form 1); Schedule

individual income tax return. Religious organizations, whether

D, line 14 (Form 3M) for Schedule D, line 15 (Form 1); and

incorporated, and fraternal societies, orders or associations, oper-

Schedule B, line 12 (Form 3M) for Schedule B, line 18 (Form 1).

ating under the lodge system or for the inclusive benefit of the

Schedule D, Line 6. If you have a carryover (loss) from a prior

members of a fraternity, itself operating under the lodge system,

year, enter in the applicable column in line 6 the amount of carry-

and providing life, sick, accident or other benefits for the mem-

over (losses) from your 2000 Schedule D, line 18, columns A, B,

bers of such society, order or association or their dependents, are

C, D and E. This line is not applicable for column F.

exempt from taxation and do not need to file this return.

Schedule D, Line 12. If any amount in Schedule D, line 11

columns A, B, C, D, E or F is a positive amount and any amount

Schedule B, Line 12 and Schedule D, Line 14. If Schedule B,

in Schedule D, line 11, columns A, B, C, D, E or F is a (loss), you

line 11 is a (loss) and any amount in Schedule D, line 13, col-

must complete a pro forma version of the Long-Term Capital

umns A, B, C, D, E or F is a positive amount, you must complete

(Losses) Applied Against Long-Term Capital Gains Worksheet

a pro forma version of the Short-Term Capital (Losses) Applied

found on pages 39–42 in the Form 1 instruction booklet. When

Against Long-Term Capital Gains Worksheet found on page 34 in

completing the worksheet, substitute Schedule D, line 11 (Form

the Form 1 instruction booklet. When completing the worksheet,

3M) for Schedule D, line 12 (Form 1) and Schedule D, line 12

substitute Schedule B, line 11 (Form 3M) for Schedule B, line 17

(Form 3M) for Schedule D, line 13 (Form 1).

(Form 1); Schedule D, line 13 (Form 3M) for Schedule D, line 14

(Form 1); Schedule D, line 14 (Form 3M) for Schedule D, line 15

Where to file. Mail Form 3M and all accompanying schedules to:

(Form 1); and Schedule B, line 12 (Form 3M) for Schedule B, line

18 (Form 1).

Massachusetts Department of Revenue

PO Box 7018

Boston, MA 02204

Form 3m - Income Tax Return For Clubs And Other Organizations Not Engaged In Business For Profit - 2001 Page 4

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