Screen MAGen - Massachusetts General, Income and Deductions (1041)

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Expenses and Deductions

Schedule C-2: 5% interest exemption / … / Long-term capital gains from passive activities allowed to offset losses
Information displays on each form line only if there are excess deductions calculated through that income type.
Schedule C-2: 12% capital gains … / Interest and dividends … / Long-term capital gains connected with trade or business
If you enter information here, a statement displays with the return for each income type only if there are excess deductions calculated through that income type.
Schedule IDD: Adjustment to amount required to be distributed
Schedule IDD, lines 2, 7, 12, and 17 calculate by apportioning the federal Schedule B, line 9 amount among the income types as they are allocated to the beneficiaries. Enter an amount to adjust the total that flows to these lines.
Schedule IDD: Adjustment to amounts paid, credited or otherwise required to be distributed
Schedule IDD, lines 3, 8, 13, and 18 calculate by apportioning the federal Schedule B, line 10 amount among the income types as they are allocated to the beneficiaries. Enter an amount to adjust the total that flows to these lines.

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