Schedule 2K-1: Beneficiary’s Massachusetts Information (2025)
Massachusetts · Massachusetts DOR · Used for tax years 2025
Massachusetts Schedule 2K-1 reports a beneficiary’s allocable share of an estate’s or trust’s income, gains, losses, deductions, credits, and tax payments for 2025. It also includes information about the beneficiary’s share of the Chapter 63D refundable credit.
What you'll need
The 2025 schedule asks for the following information:
- The estate or trust’s name and employer identification number.
- The beneficiary’s name, identification number, address, legal domicile state, and entity type.
- The fiduciary’s name and address, and any in-care-of address.
- The percentage of the beneficiary’s taxable income and allocable shares of income, gains, losses, and deductions.
- Credits and tax payments, including estimated payments made by the fiduciary on behalf of a nonresident beneficiary.
- Certificate numbers for credits where the Credit Section requests them.
- Chapter 63D income, entity-level tax, and refundable credit information, if reported.
Common mistakes
- Do not include common trust fund income on lines 8, 10, or 12. The form provides separate common trust fund lines: 9, 11, and 13.
- Fill in the loss oval when showing a loss.
- Fill in the nonresident indicator if the beneficiary is a nonresident of Massachusetts.
- Enter the Credit Section’s Total Other Credits on line 16.
- For Chapter 63D aggregate reporting, the electing pass-through entity should report total qualified income from all resident or nonresident beneficiaries having qualified taxable income subject to the entity-level tax.
Questions people ask
What information does Schedule 2K-1 report?
It reports a beneficiary’s Massachusetts information, including allocable shares of income, capital gains, deductions, credits, and tax payments from an estate or trust.
Which beneficiary types appear on the form?
The choices include individual resident, individual nonresident, resident trust or estate, nonresident trust or estate, Chapter 62 exempt organization, Chapter 63 exempt organization, and other.
Where are estimated payments for a nonresident beneficiary reported?
Line 17 is for estimated tax payments made by the fiduciary on behalf of a nonresident beneficiary.
Where do I report the beneficiary’s Chapter 63D refundable credit?
Line 19e is labeled for the beneficiary’s refundable credit. The Credit Section also includes a Chapter 63D refundable credit entry.