Form M-990t-62 - Exempt Trust And Unincorporated Association Income Tax Return - 2014 Page 2
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1
212% Unrelated Trade or Business Capital Gains
23 Total 12% capital gain net income (from Massachusetts Form 2, Schedule B, line 30) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 3 23
Excess Deductions
24 Excess deductions allowed against 12% unrelated trade or business capital gains. If line 20 is greater than 12,
subtract line 12 from line 20 and enter the result here. Otherwise, enter “0” . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 3 24
12% Tax
25 12% unrelated trade or business taxable capital gains. Subtract line 24 from line 23. Not less than “0” . . . . . . . . . . . . . . . . . . 25
26 12% tax. Multiply line 25 by 12% . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 3 26
Tax Before Credits
27 Credit recapture (Brownfields; Economic Opportunity Area; Low-Income Housing; Historic Rehabilitation) . . . . . . . . . . . . . . 3 27
28 Additional tax on installment sales . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 3 28
29 Total tax. Add lines 22 and 26 through 28 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 3 29
Credits
30 Credit for income taxes paid to other jurisdictions . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 3 30
31 Lead Paint Credit . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 3 31
32a Economic Opportunity Area Credit . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 3 32a
32b Economic Development Incentive Program. Certificate number 3
. . . . . . . . . . . . . . . 3 32b
33 Brownfields Credit. Certificate number 3
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 3 33
34 Low-Income Housing Credit. Certificate number 3
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . 3 34
35 Historic Rehabilitation Credit. Certificate number 3
. . . . . . . . . . . . . . . . . . . . . . . . . . . . 3 35
36 Film Incentive. Certificate number 3
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 3 36
37 Medical Device Credit. Certificate number 3
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 3 37
38 Employer Wellness Program Credit. Certificate number 3
. . . . . . . . . . . . . . . . . . . . . . . 3 38
39 Total credits. Add lines 30 through 38 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 39
40 Tax after credits. Subtract line 39 from line 29 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 40
Payments
41 Massachusetts income tax withheld (enclose all Massachusetts Forms W-2, W-2G, 1099-G and 1099-R) . . . . . . . . . . . . . . 3 41
42 2013 overpayment applied to your 2014 estimated tax. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 3 42
43 2014 Massachusetts estimated tax payments (do not include the amount in line 42) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 3 43
44 Payments made with extension . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 3 44
45 Refundable film credit . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 3 45
46 Refundable dairy credit. Certificate number 3
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 3 46
47 Refundable conservation tax credit. Certificate number 3
. . . . . . . . . . . . . . . . . . . . . . . 3 47
48 Refundable Community Investment tax credit. Certificate number 3
. . . . . . . . . . . . . . . 3 48
49 Payment with original return (use only if amending a return) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 3 49
50 Total tax payments. Add lines 41 through 49 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 50
Refund or Balance Due
51 Overpayment. If line 40 is smaller than line 50, subtract line 40 from line 50 and enter the result in line 51. If line 40 is
larger than line 50, go to line 54 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 51
52 Amount of overpayment you want applied to your 2015 estimated taxes. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 3 52
53 Amount of your refund. Subtract line 52 from line 51 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 3 53
54 Tax due. If line 40 is larger than line 50, subtract line 50 from line 40 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 3 54
55 M-2210F penalty 3 $ ______________________ ; Other penalties 3 $______________________. . . . . . . . . . Total penalty 55
56 Total payment due at time of filing . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 3 56
57 Interest on unpaid balance . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 3 57
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Parent category: Financial