Schedule E: Rental Income or Loss (2024)
Massachusetts · Massachusetts DOR · Used for tax years 2024
Massachusetts Schedule E reports an estate or trust’s rental, royalty and Real Estate Mortgage Investment Conduit (REMIC) income or loss for 2024. It accounts for Massachusetts differences and the Abandoned Building Renovation Deduction to calculate the total reported on Form 2,
Who files this form
This Schedule E reports rental, royalty and Real Estate Mortgage Investment Conduit (REMIC) income or loss for an estate or trust. The Massachusetts total carries to Form 2, line 4.
What you'll need
Have these details and federal schedule amounts available:
- The estate or trust's name and employer identification number.
- U.S. Schedule E, Part I, line 26, and Part V, line 40, for rental and royalty income or loss.
- U.S. Schedule E, Part IV, line 39, for REMIC income or loss.
The form also asks for Massachusetts differences and an explanation, plus any Abandoned Building Renovation Deduction.
Common mistakes
Do not leave the loss oval blank when showing a loss. The form specifically tells you to fill in the oval.
Questions people ask
Where do I get the rental and royalty amount for line 1a?
Use U.S. Schedule E, Part I, line 26, and Part V, line 40.
Where do I get the REMIC amount for line 1b?
Use U.S. Schedule E, Part IV, line 39. Add lines 1a and 1b to get line 1.
Where do I enter Massachusetts differences?
Enter them on line 2. The form provides space for an explanation.
Where does the Massachusetts total go?
Combine lines 1, 2 and 3, including the Abandoned Building Renovation Deduction on line 3. Enter the total on Schedule E, line 4, and Form 2, line 4.