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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. If Schedule B,

mittees, taxable fraternal organizations, certain unincorporated

line 23 is a positive amount and Schedule D, line 14 is a loss, you

homeowners associations and all other similar organizations not en -

must complete a pro forma version of the Long-Term Capital Losses

gaged in business for profit, and consequently having only taxable

Applied Against Interest and Dividends Worksheet found in the

dividends, interest, capital gains, Massachusetts savings deposit

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

interest and other miscellaneous income. If such an organization

tute Schedule B, line 21 (Form 3M) for Schedule B, line 29 (Form

has taxable business or other income, even if the organization is not

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

a partnership, the return should be made on Form 3, Partnership

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

Return of Income, and each member must include his/her share by

Schedule B, line 24 (3M) for Schedule B, line 32 (Form 1); and

class of income on his/her individual income tax return. Unincorpo-

Schedule D, line 15 (3M) for Schedule D, line 16 (Form 1).

rated exempt organizations that file U.S. Forms 990 or 990-T should

Schedule D, Line 7. If you have a carryover loss from a prior year,

not file Massachusetts Form 3M or Form 3. Instead, those organiza-

enter in line 7 the amount of carryover losses from your 2010

tions that file U.S. Form 990-T and have unrelated business taxable

Schedule D, line 17.

income should file Massachusetts Form 990-T-62. For rules that

apply to unincorporated homeowners associations, see Technical

Schedule D, Line 14. If Schedule D, line 14 is a loss and Sched-

Information Release 10-3.

ule B, line 16 is “0” or greater and Schedule B, line 23 is a positive

amount, complete line 15. If Sched ule D, line 14 is a loss and

Schedule B, Line 14 and Schedule D, Line 13. If Schedule B,

Schedule B, line 13 is “0” or less, omit Schedule D, line 15, enter

line 13 is a loss and Schedule D, line 12 is a positive amount, enter

the amount from Schedule D, line 14 in Schedule D, line 16, omit

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

Schedule D, line 17 and enter the amount from Schedule D, line 16

or Schedule D, line 12 on Schedule B, line 14 and on Schedule D,

in Schedule D, line 18 and enter “0” on Form 3M, line 7.

line 13.

Where to file. Mail Form 3M and all accompanying schedules to:

Schedule B, Line 17 and Schedule D, Line 13. If Schedule B,

Massachusetts Department of Revenue, PO Box 7018, Bos ton,

line 16 is a positive amount and Schedule D, line 12 is a loss, enter

MA 02204.

the smaller of Schedule B, line 16 or Schedule D, line 12 (consid-

ered as a positive amount) on Schedule B, line 17 and on Sched-

ule D, line 13.

Form 3m - Income Tax Return For Clubs And Other Organizations Not Engaged In Business For Profit - 2014 Page 4

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