Form 2 - Massachusetts Fiduciary Income Tax Return

23 Net taxable 5.6% income (from other side). Not less than “0” . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 23

24 Interest and dividend income (Schedule B, line 29). . . . . . . . . . . . . . . . . . . . . . . . . . . . . ❿ 24

25 Common trust fund interest and dividends . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ❿ 25

26 Total interest and dividend income. Add line 24 and line 25 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 26

27 Modified gross interest and dividend income. Explain if line 27 is different from line 26. See instructions . . . ❿ 27

_______________________________________________________________________

28 Beneficiaries’ exemptions (Form 20 ❿

, Form 20A ❿

). Attach form(s) 28

29 Net taxable interest and dividend income. Subtract line 28 from line 27. Not less than “0” . . . . . . . . . . . . . . . ❿ 29

30 Total income taxable at 5.6%. Add line 23 and line 29 . . . . . . . . . . . . . . . . . . . . . . . . ❿ 30

31 Tax from table. If line 30 is more than $80,000, multiply amount by .056 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 31

32 Taxable 12% capital gains (Schedule B, line 30) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ❿ 32

33 Short-term common trust fund capital gains . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ❿ 33

34 Total 12% capital gains. Add line 32 and line 33 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 34

35 Modified 12% capital gains. Explain if line 35 is different from line 34. See instructions . . . . . . . . . . . . . . . . . . ❿ 35

_______________________________________________________________________

36 Beneficiaries’ exemptions (Form 20 ❿

, Form 20A ❿

). Attach form(s) 36

37 Net taxable 12% capital gains. Subtract line 36 from line 35. Not less than “0” . . . . . . . . . . . . . . . . . . . . . . . . . ❿ 37

38 12% Tax. Multiply line 37 by .12 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 38

39 Tax on long-term capital gains (from Schedule D, line 27). Not less than “0” . . . . . . . . . . . . . . . . . . . . . . . . . . ❿ 39

40 Tax on long-term common trust fund capital gains (from Schedule D-1, line 6) . . . . . . . . . . . . . . . . . . . . . . . ❿ 40

Economic Opportunity Credit. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ❿ 41

41 Credit recapture:

Brownfields Credit

42 Total tax. Add lines 31, 38, 39, 40 and 41 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 42

43 Credits: (a)

Credit for Income Taxes Paid to Other Jurisdictions. Attach Massachusetts Schedule F and other jurisdiction’s returns.

(b)

Lead Paint Credit. Attach Massachusetts Schedule LP.

(c)

Economic Opportunity Area Credit. Attach Massachusetts Schedule EOA.

(d)

Full Employment Credit. Attach Massachusetts Schedule FEC.

(e)

Septic Credit. Attach Massachusetts Schedule SC.

(f)

Brownfields Credit. Attach Massachusetts Schedule BC.

Low-Income Housing Credit. Attach eligibility statement . . . . . . . . . . . . ❿ 43

(g)

44 Tax after credits. Subtract line 43 from line 42. Not less than “0” . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 44

45 Massachusetts income tax withheld (attach all Massachusetts W-2, W-2G, 1099-G and 1099R forms) . . . . . . . ❿ 45

46 2000 overpayment applied to your 2001 estimated tax . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ❿ 46

47 2001 Massachusetts estimated tax payments (do not include the amount in line 46). . . . . . . . . . . . . . . . . . . . . . ❿ 47

48 Payments made with extension (attach Massachusetts Form M-8736) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ❿ 48

49 Payment with original return (use only if amending a return). . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ❿ 49

50 Total tax payments. Add lines 45 through 49 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 50

51 Overpayment. If line 44 is smaller than line 50, subtract line 44 from line 50.

Enter the result in line 51. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ❿ 51

52 Amount of overpayment you want applied to your 2002 estimated taxes . . . . . . . . . . . . ❿ 52

53 Amount of your refund. Subtract line 52 from line 51 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ❿ 53

54 Balance due. If line 50 is smaller than line 44, subtract line 50 from line 44.

Enter the result in line 54, and pay in full with this return . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ❿ 54

Add to the total in line 54, if applicable: Interest ❿ $________, Penalty ❿ $_______, M-2210 amount ❿ $_______ EX ❿

(Attach Form M-2210)

Write U.S. taxpayer number on lower left corner of check and make payable to: Commonwealth of Massachusetts.

Under penalties of perjury, I declare that I have examined this return, including accompanying schedules and statements, and to the best

of my knowledge and belief it is true, correct and complete. Declaration of preparer is based on all information of which he/she has any

knowledge.

Fiduciary’s signature

Date

Paid preparer’s signature and SSN or PTIN

Date

Firm name (or yours, if self-employed) and address

Employer Identification number

Check if self-employed

Mail to: Massachusetts Department of Revenue, PO Box 7018, Boston, MA 02204.

Warning: Willful tax evasion — including underreporting income, overstating deductions or exemptions, or failing to file and otherwise evade

taxes — is a felony. Conviction can result in a jail term of up to five years and/or a fine of up to $100,000.

Form 2 - Massachusetts Fiduciary Income Tax Return - 2001 Page 2

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