Schedule U-MSI print requirements
Information about calculating, printing, and troubleshooting Massachusetts Schedule U-MSI, Member's Apportioned Share of Group Income, for combined return members.
Schedule U-MSI is a member-level schedule. It is only reported for individual unitary group members. There is no consolidated version of the form. Each unitary group member's Schedule U-MSI prints at the top consolidation (TopCon) level, but that copy is for review purposes only. Schedule U-MSI actually populates in
Tax Forms
only at the Parent and Subsidiary locators; it is Display Only at the TopCon.To calculate and print Massachusetts Schedule U-MSI, Member's Apportioned Share of Group Income:
- In theOrganizer, selectStates, thenMassachusetts.
- SelectCombined Return Information, then go to theCombined Report Optionssection.
- Make sure the lineFiling combined Forms 355U (required for every member of the combined group)is marked.
- Go toTax Forms, selectStates, thenMassachusetts.
- SelectSelected Options, then go to theFiling Typetab.
- Make sure linesFinancial InstitutionandSecurity corporationaren't marked.
- Go to theOrganizer, selectStates, thenMassachusetts.
- SelectCombined Return Informationand in theCombined Report Optionssection, make sureTaxable in Massachusettsis selected asYes.
- Do a full recompute, then print the return.
Schedule U-MSI not printing for an entity at top consolidation
If a Schedule U-MSI is missing for a particular entity at the Top Consolidation locator, check whether that entity has been marked as not taxable in Massachusetts. If the checkbox is checked that the entity is not taxable in Massachusetts under, that entity won’t print a Schedule U-MSI at the Top Consolidation locator.
Correspondingly, if any member isn't taxable in Massachusetts, Lines 24, 25, and 26 for that member remain blank and grayed out.
Line 24: Massachusetts apportionment percentage and the sales factor
Line 24, the Massachusetts apportionment percentage for combined group taxable income, depends on Line 26's Sales Factor Weight being populated correctly. If the sales factor isn't populating, it will throw off the Line 24 calculation.
By default, if no member of the group is taxable on the group's unitary business income (or business income in general, in the case where the group is subject to an affiliated group election) in another state, the sales factor is disregarded. In this case, each taxable member needs to determine its share of such income by adding together its percentage share of the group's owned and rented property and its percentage share of the group's payroll, then dividing the result by 2.
Line 26 Sales Factor Weight
Sales Factor Weight
Do the following to enter the
Sales Factor Weight
on Massachusetts Schedule U-MSI, Line 26, for combined return members whose income is taxable in another state.- Go to .
- Mark theThe Income of any member is taxable in any other statecheckbox.
- SelectTransfer to Parent and Subsidiary.
- Consolidate the TopCon (recompute all and reconsolidate).
note
- Schedule U-MSI only populates inTax Formsin the Parent and Subsidiary locators. It's Display Only for TopCons. This is a member-level schedule.
- If any member isn't taxable in Massachusetts, Lines 24, 25, and 26 remain blank and grayed out.
- You can edit and review the weights at .
Factor Rounds to 0 and Is excluded from Line 24
If the property, payroll, or sales factor should be calculating an amount but instead comes out to 0, the factor's weight will be dropped from the Line 24 apportionment computation. This occurs because if the calculated factor is too small, the system rounds it to 0 and then disregards that factor's weight entirely when computing the apportionment percentage.
To force the system to include the factor's weight in the calculation, enter
NONE
on the line for that factor in Tax Forms
. This overrides the 0 rounding while still ensuring the factor's weight is counted.
