Instructions For Schedule E - 2012 printable pdf download

2012 Schedule E Instructions

Personal income taxpayers who have rental, royalty and REMIC income or loss and

farm rental income and expenses; income or loss from partnerships and S

corporations; and income or loss from grantor-type trusts and non-Massachusetts

estates or trusts are required to report income or loss from these sources on a

Schedule E. For tax years beginning on or after January 1, 2008, any taxpayer with

income or loss reported on a Schedule E must file his or her tax return using

computer-generated forms produced by third-party software. The tax return may be

generated by the taxpayer or by a tax professional. The taxpayer is encouraged, but

not required, to submit the return electronically. Paper forms produced using the

third-party software product will contain a two-dimensional (2D) bar code and will

also be accepted. If the taxpayer hires an income tax preparer to complete the

taxpayer’s taxes, the preparer must follow the Commissioner’s electronic filing rules.

See TIR 08-22 for more information.

If you do not have access to a software package when filing your 2012 income tax

return, you may file your Schedule E on paper.

Schedule E Reconciliation is to be used as a summary sheet only. Separate

Schedule(s) E-1 (Income or Loss from Rental Real Estate and Royalties), E-2

(Partnership and S Corporation Income and Loss) and/or E-3 (Estate, Trust, REMIC

and Farm Income and Loss) must be completed for each type of income reported

on each schedule.

Form 1 and Form 1 NR/PY filers must use Schedule E-1 to report income and loss

from rental real estate and royalties. Separate Schedule(s) E-1 must be filed for

each individual entity.

Form 1 and Form 1 NR/PY filers must use Schedule E-2 to report income and loss

from partnerships and S corporations. Separate Schedule(s) E-2 must be filed for

each individual entity.

Form 1 and Form 1 NR/PY filers must use Schedule E-3 to report income and loss

from estates, trusts, REMICs and farms. Separate Schedule(s) E-3 must be filed for

each individual entity.

Nonresidents, report the amount of Massachusetts source income or (loss) from the

items listed above on the applicable Schedule E;

Part-year residents, report the amount of income or (loss) from the items listed

above, received while a resident of Massachusetts, whether derived from sources

inside or outside of Massachusetts on the applicable Schedule E.

Lines without specific instructions are considered to be self-explanatory because

they are taken directly from the U.S Schedule E.

Instructions For Schedule E - 2012