Combined Reporting Instructions (Page 4 of 5) in pdf

Combined Reporting Instructions Page 4

Line 19. If one or more members of the combined group has paid or accrued intangible

expenses or costs to any related entity and qualifies to deduct these expenses under c. 63 §

31I and 31K, enter the amount of the deduction claimed here and complete and enclose

Schedule ABIE (in so doing, reference the unitary business identifier on such Schedule ABIE

as “0”). No deduction is allowed for any amount that is not added back to income on line 14

of Schedule U-MTI. Further, the amount of the deduction claimed must not exceed the

amount stated on Schedule U-MTI, line 14.

Line 20. If one or more members of the combined group has paid or accrued interest

expenses or costs to any related entity and qualifies to deduct these expenses under Ch. 63

sec. 31J and 31K, enter the amount of the deduction claimed here and complete and attach

Schedule ABI (in so doing, reference the unitary business identifier on such Schedule ABIE

as “0”). No deduction is allowed for any amount that is not added back to income on

Schedule U-MTI, line 15. Further, the amount of the deduction claimed must not exceed the

amount stated on Schedule U-MTI, line 15.

Line 21. The “other adjustments” to be included on this line include basis adjustments and

any other state-federal tax differences not previously taken into account. See 830 CMR

63.32B.2 (6) (c). Enter any amount that reduces Massachusetts income as a positive amount.

Line 22. Subtract the total of lines 18 through 21 from the amount on line 17.

Line 23 Enter the amount of capital gain or loss that is included in line 22. To the extent

that adjustments set forth on this schedule represent adjustments to the member’s capital

gain or loss as reported on a member’s U.S. tax return, the amount of capital gain or loss

to be stated on this line 23 must also be adjusted.

Line 24. Enter the amount of section 1231 gain or loss that is included in line 22. To the

extent that adjustments set forth on this schedule represent adjustments to the member’s

section 1231 gains or losses as reported on a member’s U.S. tax return, the amount of

section 1231 gain or loss to be stated on this line 24 must also be adjusted.

Line 25. Subtract the amounts on lines 23 and 24 from the amount on line 22.

Combined Reporting Instructions Page 4