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Form 3M Instructions

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

Schedule B, Line 24 and Schedule D, Line 14. If Schedule B,

mittees, taxable fraternal organizations and all other similar organi-

line 23 is a positive amount and Schedule D, line 13 is a loss, you

zations not engaged in business for profit, and consequently having

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

only taxable dividends, interest, capital gains, Massachusetts sav-

Applied Against Interest and Dividends Worksheet found in the

ings deposit interest and other miscellaneous income. If such an

Form 1 instruction booklet. When completing the worksheet, substi-

organization has taxable business or other income, even if the

tute Schedule B, line 21 (Form 3M) for Schedule B, line 29 (Form

organization is not a partnership, the return should be made on

1); Schedule B, line 22 (3M) for Schedule B, line 30 (Form 1);

Form 3, Partnership Return of Income, and each member must

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

include his/her share by class of income on his/her individual

Schedule B, line 24 (3M) for Schedule B, line 32 (Form 1); and

income tax return. Unincorporated exempt organizations that file

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

U.S. Forms 990 or 990-T should not file Massachusetts Form 3M or

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

Form 3. Instead, those organizations that file U.S. Form 990-T and

enter in line 6 the amount of carryover losses from your 2006

have unrelated business taxable income should file Massachusetts

Schedule D, line 17.

Form 990-T-62.

Schedule D, Line 13. If Schedule D, line 13 is a loss and Sched-

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

ule B, line 16 is “0” or greater and Schedule B, line 23 is a positive

line 13 is a loss and Schedule D, line 11 is a positive amount, enter

amount, complete line 14. If Schedule D, line 13 is a loss and

the smaller of Schedule B, line 13 (considered as a positive amount)

Schedule B, line 13 is “0” or less, omit Schedule D, line 14, enter

or Schedule D, line 11 on Schedule B, line 14 and on Schedule D,

the amount from Schedule D, line 13 in Schedule D, line 15, omit

line 12.

Schedule D, line 16 and enter the amount from Schedule D, line 15

Schedule B, Line 17 and Schedule D, Line 12. If Schedule B,

in Schedule D, line 17 and enter “0” on Form 3M, line 7.

line 16 is a positive amount and Schedule D, line 11 is a loss, enter

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

the smaller of Schedule B, line 16 or Schedule D, line 11 (consid-

Massachusetts Department of Revenue, PO Box 7018, Boston,

ered as a positive amount) on Schedule B, line 17 and on Sched-

MA 02204.

ule D, line 12.

Form 3m Draft - Income Tax Return For Clubs And Other Organizations Not Engaged In Business For Profit - 2010 Page 4

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