Screen MAInc - Massachusetts Supplemental Income and Excess Deductions (1040)

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Overview

Use this screen to complete Massachusetts Schedules E and C-2. If information transferred from UltraTax/1040 does not require additional data or coding, UltraTax/1040-MA shows it on the form only, not in the input screen.

Supplemental Income and Loss

Information in this section is used to complete Massachusetts Schedule E, Part I.
Explanation of differences between federal and Massachusetts amounts for REMICs, Farm rental, etc / Delete on next year’s proforma
Enter an explanation for differences between Massachusetts and federal amounts in this statement. This explanation will proforma to the following year unless the
Delete on next year’s proforma
field is marked. When the global option is selected, the
Delete on next year’s proforma
field will mark automatically when an explanation is entered.
Abandoned building renovation deduction
Enter a description and amount for any abandoned building renovation deduction to report on the Schedule E Summary that is not already entered in the MARent-2, MAK1-4, or MAK1T-2 Screens.

Real Estate Mortgage Investment Conduits (REMICs)

Information in this section is used to complete Massachusetts Schedule E, Part I.
REMICs income (If different from amounts entered on federal B&D Screen)
Information entered in the
Schedule for detail
statement dialog on the Schedule E - REMICs Information section at the bottom federal B&D Screen transfers to this statement dialog. Use the
MA, if different
columns to add, change, or delete amounts reported on Massachusetts Schedule E, Part I.

Excess Deductions Against Trade or Business

Information in this section is used to complete Massachusetts Schedule C-2.

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