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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 15

mittees, taxable fraternal organizations, certain unincorporated home-

If Schedule B, line 23 is a positive amount and Schedule D, line 14 is a

owners associations and all other similar organizations not en gaged

loss, you must complete a pro forma version of the Long-Term Capital

in business for profit, and consequently having only taxable dividends,

Losses Applied Against Interest and Dividends Worksheet found in the

interest, capital gains, Massachusetts savings deposit interest and

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

other miscellaneous income. If such an organization has taxable busi-

Schedule B, line 21 (Form 3M) for Schedule B, line 29 (Form 1); Sched-

ness or other income, even if the organization is not a partnership, the

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

return should be made on Form 3, Partnership Return of Income, and

14 (Form 3M) for Schedule D, line 15 (Form 1); Schedule B, line 24

each member must include his/her share by class of income on his/her

(3M) for Schedule B, line 32 (Form 1); and Schedule D, line 15 (3M)

individual income tax return. Unincorporated exempt organizations that

for Schedule D, line 16 (Form 1).

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

Schedule D, Line 7

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

If you have a carryover loss from a prior year, enter in line 7 the amount

have unrelated business taxable income should file Massachusetts

of carryover losses from your 2010 Schedule D, line 17.

Form 990-T-62. For rules that apply to unincorporated homeowners

associations, see Technical Information Release 10-3.

Schedule D, Line 14

If Schedule D, line 14 is a loss and Schedule B, line 16 is “0” or greater

Schedule B, Line 14 and Schedule D, Line 13

and Schedule B, line 23 is a positive amount, complete line 15. If

If Schedule B, line 13 is a loss and Schedule D, line 12 is a positive

Sched ule D, line 14 is a loss and Schedule B, line 13 is “0” or less,

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

omit Schedule D, line 15, enter the amount from Schedule D, line 14

positive amount) or Schedule D, line 12 on Schedule B, line 14 and

in Schedule D, line 16, omit Schedule D, line 17 and enter the amount

on Schedule D, line 13.

from Schedule D, line 16 in Schedule D, line 18 and enter “0” on Form

Schedule B, Line 17 and Schedule D, Line 13

3M, line 7.

If Schedule B, line 16 is a positive amount and Schedule D, line 12 is

Where to file

a loss, enter the smaller of Schedule B, line 16 or Schedule D, line 12

Mail Form 3M and all accompanying schedules to: Massachusetts

(considered as a positive amount) on Schedule B, line 17 and on

Department of Revenue, PO Box 7018, Bos ton, MA 02204.

Schedule D, line 13.

Form 3m - Income Tax Return For Clubs And Other Organizations Not Engaged In Business For Profit - 2016 Page 5

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