Instructions For Form 1-Nr/py - Massachusetts Nonresident Or Part-Year Resident Income Tax - 2006 Page 32
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2006 Form 1-NR/PY Instructions — Schedule Instructions
Note: If choosing the optional 5.85% tax rate,
setts tax purposes in 1987, but carried over for U.S.
Line 4. Abandoned Building
multiply line 20 by .0585 and enter the result here
tax purposes, cannot be used again for Massachu-
Renovation Deduction
and in Form 1-NR/PY, line 28.
setts tax purposes when such carryover losses
Enter 10% of the costs of renovating a qualifying
are eventually allowed for U.S. tax purposes.
abandoned building. For further information, refer
Line 22. Available Losses for
To the extent there are applicable adjustments for
to the instructions for Schedule E, Part I, line 4.
Carryover
Massachusetts differences, taxpayers must cal-
Enter the amount from Schedule D, line 16, only if
Line 6. 12% Interest and Dividends
culate allowable losses on a pro forma U.S. Form
it is a loss.
Enter 12% interest and dividends from trade or
8582, Passive Activity Loss Limitations.
business activity(ies) if included in line 5 from part-
Note: Same-sex joint filers should use Federal
Schedule E, Part I
nerships and S corporations. This income must be
Form 8582 to recalculate their loss limitations as
entered in Massachusetts Schedule B, line 3. This
though they were filing a joint federal return. See
Note: If showing a loss, be sure to mark over the
information should be provided by the partnership
TIR 04-17 for more information.
“X” in the box to the left.
or S corporation.
Line 4. Abandoned Building
Rental, Royalty and REMIC Income
Line 7. Interest from Massachusetts
Renovation Deduction
or Loss
Banks
Enter 10% of the costs of renovating a qualifying
Enter interest from Massachusetts banks from
Line 2. Massachusetts Differences
abandoned building in an Economic Opportunity
trade or business activity(ies) if reported in line 5.
Area. For further information, contact the Mass-
Enter and explain any amounts or differences in-
This income must be reported on Form 1-NR/PY,
achusetts Office of Business Development by call-
cluded in line 1 which are not taxable to you in
line 7a. This information should be provided by the
ing (617) 973-8600.
Massachusetts or which have already been taxed
partnership or S corporation.
on a Massachusetts return. Explain the differences
Line 5. Total Rental and Royalty
in the space provided or attach an additional sheet
Line 8. Total Income or Loss from
Income or Loss for Massachusetts
if necessary. Possible differences include:
Partnerships and S Corporations
Subtract line 4 from line 3. Remember to subtract
Nonresidents. Enter any rental, royalty or REMIC
Subtract the total of lines 6 and 7 from line 5. Re-
losses when calculating the total. Line 5 should be
income or losses included in line 1 which is not
member to subtract losses when calculating the
added to any amounts in Schedule E, Part II, line 8
Massachusetts source income and thus not taxable
total. Line 8 should be added to any amounts in
and/or Part III, line 11 and the total entered on Form
to you as a nonresident. Massachusetts source
Schedule E, Part I, line 5 and/or Part III, line 11
1-NR/PY, line 9.
rental income must be from real or tangible per-
and the total entered on Form 1-NR/PY, line 9.
sonal property located in Massachusetts.
Schedule E, Part II
Schedule E, Part III
Part-year residents. Enter any rental, royalty or
REMIC income or losses included in line 1 you
Note: If showing a loss, be sure to mark over the
received while you were not a resident of
Note: If showing a loss, be sure to mark over the
“X” in the box to the left.
Massachusetts.
“X” in the box to the left.
Income or Loss from Partnerships
Trust Provisions
Income or Loss from Grantor-Type
and S Corporations
Enter any rental or royalty income or losses shown
Trusts and Non-Massachusetts
on your U.S. return that is taxed on a Massachu-
Line 2. Massachusetts Differences
Estates and Trusts
setts Fiduciary Return, Form 2.
Enter and explain any differences between total
Line 2. Massachusetts Differences
Deductible Royalties from U.S. Energy
partnership and S corporation income on the U.S.
Enter and explain any differences between estate
return and the same type of income on your Mass-
Conservation Patents
and trust income or loss on the U.S. return and
achusetts return. Enclose an additional statement,
Enter any income you received from U.S. patents
the same type of income on your Massachusetts
if necessary. Refer back to Schedule E, Part I, line
that are approved by the Massachusetts Division
return. Refer to Schedule E, Part 1, line 2 instruc-
2 instructions for further guidance. If you use in-
of Energy Resources as being useful for energy
tions for further guidance.
formation from Massachusetts Schedule 3K-1 or
conservation or for alternative energy develop-
Schedule SK-1, take care not to duplicate adjust-
ment. For more information, contact the Division of
Line 4. Abandoned Building
ments already made for differences in U.S. and
Energy Resources by calling (617) 727-4732. En-
Renovation Deduction
Massachusetts tax treatments.
close a copy of such approval to your tax return.
Enter 10% of the costs of renovating a qualifying
If such approved income is other than royalty in-
Nonresidents. Income or loss included in U.S.
abandoned building. For further information, refer
come, use the applicable schedule and explain.
Schedule E, Part II, line 32, which is derived from
to the instructions for Schedule E, Part I, line 4.
partnerships or S corporations not doing business
Passive Losses
in Massachusetts is not taxable to you as a non-
Line 6. Estate or Nongrantor-Type
As a result of differences in U.S. and Massachu-
resident. Also, enter adjustments as differences if
setts rules in 1987, the calculations you made for
Trust Income
your partnerships or S corporations are entitled to
passive losses on your 1987 U.S. and Massachu-
Enter estate or nongrantor-type trust income taxed
apportion income in Massachusetts.
setts returns may have differed. Differences in
directly on your Massachusetts Fiduciary Return,
amounts reported in 1987 for U.S. and Massachu-
Part-year residents. Income or loss from partner-
Form 2, if included in line 5. If you do not know
setts tax purposes should be adjusted when the
ships or S corporations you received while you
this amount, check either your U.S. Schedule K-1
property is disposed of or the deduction is used up.
were not a resident of Massachusetts is not tax-
or contact your trustee or other fiduciary.
In addition, passive losses allowed for Massachu-
able to you as a part-year resident.
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