Form 3f - Income Tax Return Of Corporate Trust

Schedule B. Interest, Dividends and Certain Capital Gains and Losses

11 Gross dividends (from U.S. Forms 1120 or 1120A, line 4) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 1

12 Total interest income (from U.S. Forms 1120 or 1120A, line 5) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 2

13 Other interest and dividends not included above (attach statement) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 3

14 Total interest and dividends. Add lines 1 through 3. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 4

15 Total interest from savings in Massachusetts banks (from page 1, line 11) . . . . . . . . . . . . . . . . . . . . . . 5

16 Interest and dividends taxed directly to Massachusetts trusts and estates (if included in line 4 above) 6

17 Other interest and dividends to be excluded. Attach schedule . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 7

18 Add lines 5 through 7.. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 8

19 Subtotal. Subtract line 8 from line 4 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 9

10 Allowable deductions from your trade or business (from Massachusetts Schedule C-2, line 8). . . . . . . . . . . . . . . . . . . . . . . . . 10

11 Subtotal. Subtract line 10 from line 9. If you have no short-term capital gains or losses, long-term gains on collectibles and

pre-1996 installment sales, gains or losses from the sale, exchange or involuntary conversion of property used in a trade or

business, allowable deductions from your trade or business, carryover short-term losses from prior years, or net long-term

capital losses, omit lines 12 through 37. Enter this amount in line 38, complete lines 39 and 40 and omit lines 41 through 44.

Otherwise complete Schedule B. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 11

12 Short-term capital gains (included in U.S. Forms 1120 or 1120A, Schedule D, Part I, lines 1, 2 and 3) . . . . . . . . . . . . . . . . . . . 12

13 Long-term capital gains on collectibles and pre-1996 installment sales (from Massachusetts Schedule D, line 8) . . . . . . . . . . 13

14 Gain on the sale, exchange or involuntary conversion of property used in a trade or business and held for one year or less

(from U.S. Form 4797) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 14

15 Add lines 12 through 14 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 15

16 Allowable deductions from your trade or business (from Massachusetts Schedule C-2, line 11) . . . . . . . . . . . . . . . . . . . . . . . . 16

17 Subtotal. Subtract line 16 from line 15 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 17

18 Short-term capital losses (included in U.S. Forms 1120 or 1120A, Schedule D, Part I, lines 1, 2 and 3) . . . . . . . . . . . . . . . . . . 18

19 Loss on the sale, exchange or involuntary conversion of property used in a trade or business and held for one year or less

(from U.S. Form 4797) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 19

20 Prior short-term unused losses for years beginning after 1981 (from 2002 Massachusetts Schedule B, line 44) . . . . . . . . . . . 20

21 Combine lines 17 through 20. If “0” or greater, omit lines 22 through 25 and enter this amount in line 26. If less than “0,”

complete line 22 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 21

22 Short-term losses applied against interest and dividends. Enter the smaller of line 11 or line 21 (as a positive amount).

Not more than $2,000. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 22

23 Subtotal. Combine lines 21 and 22. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 23

24 Short-term capital losses applied against long-term capital gains. See instructions . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 24

25 Short-term losses available for carryover in 2004. Combine lines 23 and 24 and enter result here and in line 44, omit

lines 26 through 30, and complete lines 31 through 43 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 25

26 Short-term gains and long-term gains on collectibles. Enter amount from line 21 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 26

27 Long-term capital losses applied against short-term capital gains. See instructions . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 27

28 Subtotal. Subtract line 27 from line 26 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 28

29 Long-term gains deduction. Complete only if lines 13 and 28 are greater than “0.” If line 13 shows a gain, enter 50% of

line 13 minus 50% of losses in lines 18, 19, 20 and 27, but not less than “0” . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 29

30 Short-term gains after long-term gains deduction. Subtract line 29 from line 28 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 30

31 Enter the amount from line 11. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 31

32 Short-term losses applied against interest and dividends. Enter the amount from line 22 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 32

33 Subtotal. Subtract line 32 from line 31 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 33

34 Long-term losses applied against interest and dividends. See instructions . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 34

35 Adjusted interest and dividends. Subtract line 34 from line 33 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 35

36 Enter the amount from line 30 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 36

37 Adjusted gross interest, dividends and certain capital gains and losses.

Add lines 35 and 36. Not less than “0” . . . . . . . . . . . 37

38 If line 37 is greater than or equal to line 11, enter the amount from line 11. If line 37 is less than line 11, enter the amount

from line 37. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 38

39 Mass. apportionment percentage (from Mass. Sched. E, line 5; if income derived solely from business in Mass., enter 100%) 39

40 Net taxable interest and dividends. Multiply line 38 by line 39. Enter the result here and on Form 3F, line 17. . . . . . . . . . . . . . 40

41 Taxable 12% capital gains. Subtract line 38 from line 37. Not less than “0” . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 41

42 Mass. apportionment percentage (from Mass. Sched. E, line 5; if income derived solely from business in Mass., enter 100%) 42

43 Net taxable 12% capital gains. Multiply line 41 by line 42. Enter the result here and on Form 3F, line 20 . . . . . . . . . . . . . . . . . 43

44 Available short-term losses for carryover in 2004. Enter amount from line 25 only if it is a loss. . . . . . . . . . . . . . . . . . . . . . . . . 44

Form 3f - Income Tax Return Of Corporate Trust - 2003 Page 2

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