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2006 Form 1-NR/PY Instructions — Schedule Instructions

If you qualify for this credit, enter the amount of

child for the Earned Income credit, fill in the “Yes”

Part-year residents, dividend income in excess

credit in line 10. Also, be sure to enter the DOR-

oval. If you are claiming more than four depen-

of $1,500 or any interest income other than from

issued certificate number in the space provided on

dents, attach a statement listing the name, Social

Massachusetts banks (reportable on Form

line 10. Certificate application forms and additional

Security number, date of birth and the relationship

1-NR/PY, line 7a) received while you were a resi-

information are available at

of the dependent to you and if the dependent is a

dent of Massachusetts, whether received from

qualifying child for the Earned Income credit.

sources inside or outside of Massachusetts, must

Line 11. Total Part 1 Credits

be reported on Massachusetts Schedule B. Also,

Add lines 1 through 10 and enter the result in line

Schedule B

short-term gains or losses realized while you were

11 and on Form 1-NR/PY, line 33. Part-year resi-

a resident of Massachusetts, whether received

dents, complete lines 12 through 14.

from sources inside or outside of Massachusetts,

Note: If showing a loss, be sure to mark over the

from the sale or exchange of capital assets or

“X” in the box to the left.

Part 2 Credits for Residents and

from similar transactions which are granted capi-

Part-Year Residents Only

12% Interest, Dividend and Certain

tal gain or loss treatment on your U.S. return must

Capital Gains and Losses

be reported on Schedule B. Include gains from all

Line 12. Income Tax Paid to

property, wherever located.

Nonresidents and part-year residents must file

Another State

Massachusetts Schedule B if you had:

Part-year residents need not file Massachusetts

If any of the income reported on this return is sub-

Schedule B if all interest income you had that is tax-

◗ dividend income in excess of $1,500;

ject to taxation in another state or jurisdiction and

able by Massachusetts was from Massachusetts

◗ any interest income other than from Massachu-

you have filed a return and paid taxes in the other

banks (reportable on Form 1-NR/PY, line 7a), and

setts banks taxed at 5.3%;

state or jurisdiction, complete Schedule F on the

your gross dividend income was $1,500 or less (re-

◗ short-term capital gains or losses;

back of Form 1-NR/PY and enter the amount of

portable on Form 1-NR/PY, line 24), and you have

◗ carryover short-term losses from prior years;

credit on line 12.

no short-term capital gains or losses, long-term

◗ long-term gains on collectibles and pre-1996 in-

Note: Be sure to enter the two-letter state or juris-

gains on collectibles and pre-1996 installment

stallment sales classified as capital gain income

dictional postal code for each state or jurisdiction

sales, gains or losses from the sale, exchange or

for Massachusetts purposes;

for which you are taking the credit. Visit the

involuntary conversion of property used in a trade

◗ gains or losses from the sale, exchange or invol-

United States Postal Service’s website at www.

or business, allowable deductions from your trade

untary conversion of property used in a trade or

and click on “Service Guides” for a list

or business, carryover short-term losses from

business;

of these codes.

prior years, net long-term capital gains or losses,

◗ net long-term capital gains and losses; or

or excess exemptions.

◗ excess exemptions.

Line 13. Energy

◗ Nonresidents and part-year residents must

Collectibles are defined as any capital asset that is

If you had expenditures for certain renewable en-

complete Massachusetts Schedule B if your inter-

a collectible within the meaning of Internal Rev-

ergy source items, such as equipment which uses

est or dividend income includes: dividends taxed

enue Code section 408(m), as amended and in

or transmits solar or wind energy to heat, cool, or

directly to trusts or estates on a Massachusetts

effect for the taxable year, including works of art,

provide hot water for your principal residence in

Fiduciary Return, Form 2; distributions that are re-

rugs, antiques, metals, gems, stamps, alcoholic

Massachusetts, you may qualify for a credit. If

turns of capital; or exempt portions of any inter-

beverages, certain coins, and any other items

you qualify for the credit, complete Schedule EC,

est or dividends from a mutual fund or dividends

treated as collectibles for federal tax purposes.

Residential Energy Credit, and enter the amount

from current earnings of a corporate trust that are

of credit in line 13.

Nonresidents, interest and dividends are from

taxed directly on a Massachusetts Corporate Trust

Massachusetts sources if they are directly con-

Line 14. Totals

Return, Form 3F.

nected with your business activity in Massachu-

Add lines 12 and 13. Part-year residents, enter

◗ You need not complete Schedule B, Part 2, Part

setts. Also, report on Massachusetts Schedule B

the result here and on Form 1-NR/PY, line 34.

3 and Part 4 if you do not have any of the follow-

the short-term gain or loss realized from the trans-

ing: short-term capital gains or losses; carryover

action of assets being sold or exchanged which are

Schedule DI

short-term losses from prior years; long-term

considered to be from Massachusetts sources.

gains on collectibles and pre-1996 installment

Massachusetts source assets are (1) real or tan-

sales classified as capital gain income for Mass-

gible personal property located in Massachusetts

Dependent Information

achusetts purposes; gains or losses from the sale,

and (2) property connected with a Massachusetts

Be sure to enclose with Form 1-NR/PY.

exchange or involuntary conversion of property

trade, business or employment.

You must complete this schedule if you are claim-

used in a trade or business and held for one year

Nonresidents need not file Massachusetts Sched-

ing a dependent exemption(s) on Form 1-NR/PY,

or less; allowable deductions from your trade or

ule B if:

line 4b or taking a deduction/credit(s) on Form

business; net long-term capital gains or losses; or

◗ all your interest and dividend income and cer-

1-NR/PY, lines 16, 17 or 43 (if applicable). Failure

excess exemptions (see line 9 instructions).

tain capital gains was from non-Massachusetts

to provide this information will delay the process-

sources;

Part 1. 12% Interest and Dividend

ing of your return. You must complete the infor-

◗ all Massachusetts source interest income you

mation for each dependent.

Income

had was from Massachusetts banks and is taxed

In the spaces provided, enter the name, Social Se-

Line 1. Total Interest Income

at 5.3% (reportable on Form 1-NR/PY, line 7a); or

curity number, date of birth and the relationship

◗ your Massachusetts source gross dividend

Enter your total interest income from your U.S.

of the dependent to you (son, daughter, mother,

income was $1,500 or less (reportable on Form

Form 1040 or 1040A, lines 8a and 8b, or U.S.

father, etc.). Also, if the dependent is a qualifying

1-NR/PY, line 24).

Form 1040EZ, line 2.

Instructions For Form 1-Nr/py - Massachusetts Nonresident Or Part-Year Resident Income Tax - 2006 Page 27

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