CCH Axcess Tax

Massachusetts Special Allocations

Use the special allocations detail section to specially allocate Massachusetts distributive share items. The codes to use for Massachusetts are the following:

Resident	Nonresident
23401	23405	Section 754 Depreciation
23402	N/A	State, Local and Foreign Income Taxes
23403	23432	Massachusetts Ordinary Income or Loss
23404	N/A	State and Municipal Bond Interest
23407	N/A	Cr. for Taxes Paid to Other Jurisdictions
23408	N/A	Abandoned Bldg Renovation Ded. - Ord Inc
23409	N/A	5.1% Interest from Massachusetts Banks
23411	N/A	Interest on U.S. Obligations
23412	N/A	Federal or MA Excess Deprec. - Ord. Inc.
23413	N/A	Non-Massachusetts Municipal Bond Interest
23415	N/A	Interest (other than MA Bank) & Div. Inc.
23417	23440	Royalty Income
23419	23444	Short-Term Capital Gains
23420	23445	Short-Term Capital (Losses)
23422	23452	Short-Term Gain from Form 4797, Part II
23424	23453	Short-Term Loss from Form 4797, Part II
23600	23700	Net LT Capital Gain(Loss)- Class B (5%)
23605	23705	Net LT Capital Gain(Loss)- Class C (4%)
23610	23710	Net LT Capital Gain(Loss)- Class D (3%)
23615	23715	Net LT Capital Gain(Loss)- Class E (2%)
23620	23720	Net LT Capital Gain(Loss)- Class F (1%)
23625	23725	Net LT Capital Gain(Loss)- Class G (0%)
23690	23790	Net LT Capital Gain(Loss)- Part B (5.1%)
23630	23730	Sec 1231 Gains or Losses - Class B (5%)
23635	23735	Sec 1231 Gains or Losses - Class C (4%)
23640	23740	Sec 1231 Gains or Losses - Class D (3%)
23645	23745	Sec 1231 Gains or Losses - Class E (2%)
23650	23750	Sec 1231 Gains or Losses - Class F (1%)
23655	23755	Sec 1231 Gains or Losses - Class G (0%)
23691	23791	Sec 1231 Gains or Losses - Part B (5.1%)
23660	23760	Long-term gains on Collectibles
23693	23793	FD/MA cap. gain differences on 5% assets
23694	23794	FD/MA cap. gain differences on 4% assets
23695	23795	FD/MA cap. gain differences on 3% assets
23696	23796	FD/MA cap. gain differences on 2% assets
23697	23797	FD/MA cap. gain differences on 1% assets
23698	23798	FD/MA cap. gain differences on 0% assets
23699	23799	FD/MA cap. gain differences on 5.1% assets
23423	23442	Other Portfolio Income
23425	23436	Net Income from Rental Real Estate
23454	N/A	Federal or MA Excess Deprec. - Real Estate
23455	N/A	Abandoned Bldg Renovation Deduc. - Real Estate
23427	23438	Net Income from Other Rental Activities
23456	N/A	Federal or MA Excess Deprec. - Other Rentals
23457	N/A	Abandoned Bldg Renovation Deduc. - Other Rentals
23429	N/A	Lead Paint Credit
23430	N/A	Adjustments to MA capital gains/losses %
23431	N/A	Economic Opportunity Area Credit
23433	23448	Section 179 Expense Deduction
N/A	23434	Guaranteed Payments to Partners
23450	N/A	Separately stated deductions
23460	N/A	Full Employment Credit
23462	N/A	Brownfields Credit
23464	N/A	Refundable Dairy Credit
23466	N/A	Low Income Housing Credit
23665	N/A	Historic Rehabilitation Credit
23670	N/A	Home Energy Efficiency Credit
23467	N/A	Recapture of Economic Opportunity Area Credit
23468	N/A	Recapture of Brownfields Credit
23469	N/A	Recapture of Low Income Housing Credit
23471	N/A	Recapture of Historic Rehabilitation Credit

Nonresident Partners

Nonresident partners are allocated their distributive share without apportionment for the following items on the Massachusetts Schedule 3K-1:

Guaranteed payments
Interest from U.S. obligations.
Non-Massachusetts state and municipal bond interest.

As a reminder, when there is income of this sort in the return and there is a Massachusetts apportionment percentage on Massachusetts Form 3, a message is generated on the Schedules 3K-1 of non-resident partners that the apportionment factor has not been applied to these items. Use Massachusetts Income/Deductions worksheet to suppress this message.

Indicate the state of residency for each partner in the "State" or "State if Different" field on the federal partner information section. For corporate partners only the "Corporate Partner Information" section of Massachusetts Schedule 3K-1 is completed; the apportionment percentage is not applied to these adjustments.