Schedule U-MSI print requirements
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.
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.- Go to .
- Mark theThe Income of any member is taxable in any other statecheckbox.
- SelectTransfer to Parent and Subsidiary.
- Consolidate the TopCon.
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 .
