2G: Grantor-Owner’s Share of a Grantor-Type Trust (2024)
Massachusetts · Massachusetts DOR · Used for tax years 2024
Massachusetts Form 2G reports a grantor’s or owner’s share of a grantor-type trust for 2024. It lists income, capital gains and losses, adjustments, Massachusetts withholding, and tax paid on behalf of the grantor or beneficiary.
What you'll need
The form calls for these supporting documents when applicable:
- Statements for short-term capital gain or loss differences on line 13 and long-term capital gain or loss differences on line 14.
- A statement for other income on line 19.
- A statement for other adjustments on line 21.
- Forms or schedules showing Massachusetts income tax withheld on line 22, such as W-2, W-2G, 1099-G, 1099R, 3K-1 or SK-1.
You will also need the names, addresses and identification numbers requested for the grantor/beneficiary, fiduciary and entity, along with the entity’s creation date.
How to file
Complete the identification, tax-year and financial information, and mark all applicable boxes. The fiduciary must sign and date the declaration that the return and enclosures are true, correct and complete to the best of their knowledge and belief. Complete the paid preparer fields if applicable.
Mail the form and required enclosures to:
Massachusetts Department of Revenue
PO Box 7017
Boston, MA 02204
Common mistakes
- Do not leave the loss indicator blank when reporting a loss. The form says to mark an X in the box.
- Do not omit the statements requested for lines 13, 14, 19 and 21 when those lines apply.
- Be sure to enclose forms or schedules showing Massachusetts withholding reported on line 22.
- For line 11, do not include Massachusetts long-term capital gain or loss from U.S. Form 4797, Part II that is already included on line 10.
Questions people ask
What tax-year dates should I enter on the 2024 form?
Calendar-year filers enter 01-01-2024 as the beginning date and 12-31-2024 as the ending date. Fiscal-year filers enter their appropriate dates. These are tax-period dates, not filing deadlines.
Where does Massachusetts bank interest go?
Line 4 includes Massachusetts bank interest and refers you to line 15. Line 15 is specifically labeled “Massachusetts bank interest.”
How do I calculate Massachusetts income tax paid by the trustee?
Add lines 22 and 23 and enter the total on line 24. If you are the grantor or beneficiary, enter that amount on Form 1, line 38c, or Form 1-NR/PY, line 42c.
Can I indicate that this is an amended or final return?
Yes. The form has boxes for “Final 2G return” and “Amended return.” It also has boxes for a federal amendment and an amended return due to an IRS BBA Partnership Audit. Mark all boxes that apply.