Schedule Cb - Circuit Breaker Credit - 2013 Page 2

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File pg. 14
Schedule C Worksheets
Part 3. Complete only if you have long-term capital gains or capital gain
distributions. Otherwise, enter “0” on line 18 and go to Part 4.
12. Enter any gains (not including any losses) included in U.S. Schedule D,
lines 8a and 8b, col. h . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Schedule CB, Line 3 — Massachusetts Income Worksheet
13. Enter any gains (not including any losses) included in U.S. Schedule D,
Part 1. Complete only if you only have 5.25% income reported on Form 1,
line 9, col. h . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
line 10 or Form 1-NR/PY, line 12 or partnership, trust or S corporation
14. Enter any gains (not including any losses) included in U.S. Schedule D,
income not reported on Form 1 or Form 1-NR/PY. Otherwise, enter “0”
line 10, col. h . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
on line 6 and go to Part 2.
15. Enter any gains (not including any losses) included in U.S. Schedule D,
line 11, col. h . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
1. Enter your total 5.25% income from Form 1, line 10 or Form 1-NR/PY,
16. Enter any gains (not including any losses) included in U.S. Schedule D,
line 12. Not less than “0”*. . . . . . . . . . . . . . . . . . . . . . . . . . .
line 12, col. h . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
2. Enter the total of Schedule Y, lines 1 through 10. . . . . . . .
17. Enter any gains included in U.S. Schedule D, line 13, col. h. If U.S.
3. Subtract line 2 from line 1. Not less than “0” . . . . . . . . . .
Schedule D not filed, enter the amount from U.S. Form 1040, line 13 or
4. Enter total Massachusetts bank interest or the interest exemption amount,
1040A, line 10 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
whichever is smaller, from Form 1, line 5a or line 5b or Form 1-NR/PY, line 7a
18. Add lines 12 through 17 . . . . . . . . . . . . . . . . . . . . . . . . .
or line 7b . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
5. Enter any income from a partnership, trust or S corporation not reported
Part 4. Massachusetts adjusted gross income.
on Form 1 or Form 1-NR/PY . . . . . . . . . . . . . . . . . . . . . . . . .
19. Part-year residents, enter any income earned while a nonresident not
Note: If Form 1, line 10 or Form 1-NR/PY, line 12 is a loss, do not complete
included in lines 1 through 18 above. Not less than “0” . . . .
line 4 above. Instead, combine Form 1, line 10 or Form 1-NR/PY, line 12 with
20. Add lines 6, 11, 18 and 19. Enter the result here and on Schedule CB,
the smaller amount of total Mass achusetts bank interest or the inter est exemp -
line 3 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
tion amount. Enter the result in line 4 above, unless the result is a loss. If the
*Add back any Abandoned Building Renovation deduction claimed on
result is a loss, enter “0.”
Schedule(s) C and/or E.
6. Add lines 3 through 5 . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Schedule CB, Line 11 — djustments to Real Estate Taxes
Part 2. Complete only if you have interest income (including tax-exempt
Paid Worksheet
interest) other than from Massachusetts banks, dividend income, short-
term capital gains, long-term gains on collectibles and installment sales.
1. Enter the amount of any real estate tax abate ment, including senior work
Otherwise, enter “0” on line 11 and go to Part 3.
program, or exemp tion received in 2013. Do not exclude amounts if they were
already reflected on your tax bill and you did not pay them
7. Enter the amount from Schedule B, line 9. If there is no entry
2. Enter any interest amount paid due to late real estate tax
in Schedule B, line 9, enter the amount from Form 1, line 20
payments in 2013 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
or Form 1-NR/PY, line 24. . . . . . . . . . . . . . . . . . . . . . . . . . . .
3. Enter the amount of any betterment or special assessment
8. Enter the amount from Schedule B, line 6. . . . . . . . . . . . .
paid in 2013. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
9. Add lines 7 and 8 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
4. Add lines 1 through 3. Enter result here and on Schedule CB,
10. Enter the amount from Schedule B, line 15. . . . . . . . . . .
line 11 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
11. Add lines 9 and 10. . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Note: If you moved during the year you may have to complete separate computations for each residence that would qualify for the credit. On Schedule CB you
should complete separate computations for each residence for lines 10 through 14 and/or line 18. The income threshold (line 15 or 19) should be subtracted
from the total of these computations to determine if you qualify for the credit.

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