Form Help - Massachusetts

This article is for state-specific form help. Use the table of contents to jump to the tax module you're working on, and then find the relevant form and line within that section.

Table of contents:

Individual

Sch. E

Line 1

Schedule E is a Summary of the calculation on Schedule E-1 (Real Estate and Royalties income/loss), E-2(partnerships and S-Corporations) and E-3 (Farm income/losses). Separate schedules must be completed for each type of income and the results shown on Sch. E.

-Schedule E-

Sch. E-1

Line 1

Schedule E is a Summary of the calculation on Schedule E-1 (Real Estate and Royalties income/loss), E-2(partnerships and S-Corporations) and E-3 (Farm income/losses). Separate schedules must be completed for each type of income and the results shown on Sch. E.

-Schedule E-1-

Sch. E-2

Line 1

Schedule E is a Summary of the calculation on Schedule E-1 (Real Estate and Royalties income/loss), E-2(partnerships and S-Corporations) and E-3 (Farm income/losses). Separate schedules must be completed for each type of income and the results shown on Sch. E.

-Schedule E-2-

Sch. E-3

Line 1

Schedule E is a Summary of the calculation on Schedule E-1 (Real Estate and Royalties income/loss), E-2(partnerships and S-Corporations) and E-3 (Farm income/losses). Separate schedules must be completed for each type of income and the results shown on Sch. E.

-Schedule E-3-

Form 502

Page 3, Line 47

Applying overpayment to next years estimated payments can be done on Screen 7.1. Enter 6 in Apply Overpayment to 20XX, and 1 in Estimate Options[O]. Multi-state returns need a separate entry in these fields for each state

Form Sch HC

Page 1, Line 3a Full Year MCC

For the Insurance Coverage screen (57.192), enter a "1" in the left column or click on the "Health Insurance Information" button to indicate that you were insured for all of 20XX. Alternatively, enter a "1" in each month covered in the "Line 8 Months Covered by Health Insurance" section. Enter the name of the insurance company, its Federal Employer Identification Number (FEIN), and the subscriber number.

Form Sch HC

Page 1, Taxpayer Name

If you're a MA resident for less than a year, check to ensure the following details are updated on Screen 1:
• MA in Resident State field is checked as of 12/31
• Full Year Resident? is checked
• Taxpayer age 18+ Date of Birth is entered Also, make sure that the Part-year/Nonresident on Screen 55.191 is kept blank.

Form Sch HC for MA Part Year resident

Page 1, Taxpayer Name

If you're a part-year MA resident and the form isn't generating, ensure you complete the following details on Screen 1:
• Full Year Resident? should be unchecked
• Date of Birth for taxpayer 18+ should be entered

On Screen 55.191, ensure that:
• The Period of Residency During YYYY has From and To dates completed
• Part-Year Resident for full three months (required to file Schedule HC) is checked if you were a resident for at least 3 full months but less than 4 full months.

Form Sch HC

Page 1, Line 3a PY MCC

If you select the Part-Year MCC box on Line 3, it indicates that you didn't have health insurance during the MA mandate.

If you moved into MA during the tax year, the health insurance mandate begins on the 1st day of the 3rd month following the month in which you became a resident.

If you moved out of MA during the tax year, the mandate applies until the last day of the last full month in which you were a resident. On Screen 55.191, enter the period of residency, and on Screen 57.192, enter the months that health insurance was covered.

Lacerte software automatically ignores the month you moved into MA and the next 2 full months, as well as the month you moved out of MA, when calculating the health insurance coverage.

Form Sch HC

Page 2, Line 8a

Page 2 of the form will be generated only if you have answered questions related to being uninsured or have indicated information about a religious exemption and certificate of exemption. Inputs for the questions are listed on Screen 57.192 Massachusetts Schedule HC under the Exemptions and Affordability section.

Form Sch HC

Page 3, Line 10

Page 3 of the form will be generated only if you have answered questions related to being uninsured or have indicated information about a religious exemption and certificate of exemption. Inputs for the questions are listed on Screen 57.192 Massachusetts Schedule HC under the Exemptions and Affordability section.

Form Sch HC

Page 4, Part A

Page 4 of the form will be generated only if you are reporting more than one private health insurance company.

Form Sch D-IS

Page 1, Line 1

If you're expecting qualified small business (QSB) stock fields to populate in the Massachusetts Form D-IS, verify the following: The Date Acquired/Date Sold fields are completed with dates ranging from 3-5 years. The 1=qualified small business stock (exclusion or rollover) option is selected on Screen 17.1 Dispositions under the Schedule D section. Within this is a QSB Stock subsection which contains a "Massachusetts qualified small business stock" checkbox. Check this box and verify that QSB Stock and not completed by mistake, as the Massachusetts qualified small business status only applies if you meet the 3-year requirement for Massachusetts but not the 5-year requirement for federal.

Partnership

Form

Line (apply anchor name here under Advanced on the right)

This is where you will enter the line-specific help.

S Corporation

Form

Line (apply anchor name here under Advanced on the right)

ere)

This is where you will enter the line-specific help.

Corporation

Form

Line (apply anchor name here under Advanced on the right)

This is where you will enter the line-specific help.

Fiduciary

Form

Line (apply anchor name here under Advanced on the right)

This is where you will enter the line-specific help.