Schedule U-Mti Draft - Member'S Taxable Income From Sources Other Than The Unitary Business - 2014

2014

Schedule U-MTI

Massachusetts

Member’s Taxable Income from Sources

Department of

Other Than the Unitary Business

Revenue

For calendar year 2014 or taxable period beginning

2014 and ending

Member’s name

Federal Identification number

3

3

Tax type:

Financial institution 

Business corporation

Name of principal reporting corporation

Federal Identification number

3

3

1 Net sales . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 3 1

2 Cost of goods sold . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 3 2

3 Gross profit. Subtract line 2 from line 1 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 3

4 Dividends . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 3 4

5 Interest . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 3 5

6 Gross rents. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 3 6

7 Gross royalties . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 3 7

8 Capital gain net income . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 3 8

9 Net gain or (loss) from Form 4797 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 3 9

10 Other income . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 3 10

11 Total income. Combine lines 3 through 10 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 11

12 Total deductions for non-unitary business activity . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 3 12

13 Net income from non-unitary activity before Massachusetts adjustments. Subtract line 12 from line 11 . . . . . . . . . . . . . . . . . 13

14 Sections 31I and 31K intangible expense add back adjustments . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 3 14

15 Sections 31J and 31K interest expense add back adjustments . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 3 15

16 Other Massachusetts adjustments to non-unitary business income or expense . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 3 16

DRAFT AS OF

17 Subtotal of Massachusetts net income before additional deductions. Combine lines 13 through 16 . . . . . . . . . . . . . . . . . . . . 17

18 Dividends received deduction, if applicable to non-unitary income . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 3 18

SEPTEMBER 25, 2014

19 Exceptions to the add back of intangible expenses for non-unitary business activities . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 3 19

20 Exceptions to the add back of interest expenses for non-unitary business activities . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 3 20

(SUBJECT TO CHANGE)

21 Other allowable deductions under chapter 63 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 3 21

22 Massachusetts net income derived from non-unitary business activity. Subtract total of lines 18 through 21 from line 17 . . . 22

23 Non-unitary capital gains or (losses) included above. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 3 23

24 Non-unitary section 1231 gains or (losses) included above . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 3 24

25 Non-unitary net income excluding capital gains or (losses) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 3 25

26 Apportionment percentage for the non-unitary income . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 3 26

27 Member’s non-unitary income excluding capital gains or (losses) allocated or apportioned to Massachusetts . . . . . . . . . . . . 27

28 Member’s non-unitary capital gain or (loss) allocated or apportioned to Massachusetts . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 28

29 Member’s non-unitary section 1231 gain or (loss) allocated or apportioned to Massachusetts . . . . . . . . . . . . . . . . . . . . . . . . 29