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Screen MAT - Massachusetts Qualified Family-Owned Business Interest (706)
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Schedule T - General Information
Enter general information for the family-owned business. The information you enter completes Schedule T, Pages 1, 3, and 4, which is a copy of the 1999 federal form.
Part 3 - Adjusted Family Owned Business Interest
Other indebtedness (Force)
The amount displayed is based on information you enter in other fields, beginning with the amount on Schedule T, line 7 minus the amounts in lines 8a and 8b. You can override the calculated amount in Schedule T, line 8c, but don’t enter more than $10,000.
Part 4 - Qualifying Estate
Includable gifts of qualified family-owned business interests: Included in adjusted taxable gifts on Form 706
Enter gift amounts given to the decedent’s family and retained by the donee since the date of the gift.