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Massachusetts Form 1065 (Schedule B-1): What You Should Know
If it's your last pay period, and you have not reported that pay period (or reported something but not code G), you have an 2023 Instructions for Schedule 3 — Massachusetts Corporation Sole (TEMP), IRA Payroll deduction for an employee's qualified dividends, interest, and dividends paid on Qualified Prepaid Plans (PPP). AFFILIATED PLANS For an Affiliated Plan, file Schedule 8, Itemized Deductions, Schedule A, in place of Schedule 3 and in place of Schedule 13(Y). If you have a plan with more than 500 participants, you are considered a “plan sponsor.” For a plan owned by an estate, File Schedule 1 (Form 1040), line 21, to report any qualified dividends paid by the estate and to determine the share of each beneficiary's estate's gain or loss. For a plan owned by a partnership, File Schedule 8, Itemized Deductions, Schedule A, in place of Schedule 3 and in place of Schedule 13(Y). For a plan owned by a trust, File Schedule 1 (Form 1040), line 21. Do not enter a tax deduction. For partnerships and for a trust, you have to complete Form 2553, Partnership Election. FORM 1040 FILING BY OTHER AGENCY, FEDERAL EMPLOYEES, AND TRUSTS Mar 1, 2025 — Schedule R to report amounts in excess of your AGI from salary, wages, tips, and amounts not paid as compensation. For a plan owned or controlled by a corporation, file Form 1040, line 20. Include Form 1040 (SF) of the corporation to determine the corporation's AGI. Do not include a deduction on Schedule 9 for any amount received from the plan. For a plan controlled by a partnership or trust, file your income tax return on Schedule SE using Form 1040X (XS For SUEZ) unless the trust or partnership is a trust to which section 703(b)(1)(A) applies. If you are filing Form 1040X for a non-business entity (such as an employee benefit plan or retirement plan), enter the appropriate AGI on Schedule SE. Enter on Schedule SE any other information you need to compute the AGI of the entity.
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