Schedule F: Income Apportionment (2024)
Massachusetts · Massachusetts DOR · Used for tax years 2024
Massachusetts Schedule F calculates the Massachusetts income apportionment percentage for 2024. It reports business locations outside Massachusetts and Massachusetts and worldwide property, payroll, and sales amounts used to calculate the applicable apportionment factors.
Who files this form
The 2024 Schedule F is for reporting a corporation’s income apportionment. It lists return types 355, 355S, 355U and M-990T, with a direction to see instructions for M-990T.
The form includes entries for Section 38 manufacturers, mutual fund service corporations and other corporations. The form alone does not explain which corporations are required to use Schedule F.
What you'll need
Have the following information ready for the applicable entries:
- Corporation name, federal identification number and type of return filed.
- Business locations outside Massachusetts, including each location’s city, state and type of facility, whether it accepts orders, and whether the corporation is registered to do business and files returns in that state.
- Massachusetts and worldwide amounts for property owned, property rented and payroll.
- Sales amounts by the categories shown on the form: tangible goods, services, rents and royalties, and other sales.
If you changed the method of calculating one or more factors from the prior year, attach a statement.
How to file
File electronically. The form states that paper returns will not be accepted.
For questions about electronic filing, call 617-887-6367. See the Massachusetts Department of Revenue’s electronic filing and payment requirements for more information.
On Schedule F, enter the corporation’s identifying information, select the applicable return type and ovals, and complete the applicable apportionment entries. All corporations must complete line 4. Line 5 directs you to carry the Massachusetts apportionment percentage to the applicable Schedule E, line 20.
Common mistakes
- Sending a paper return. The form warns that electronic filing is required and paper returns will not be accepted.
- Omitting a statement about a calculation-method change. If you changed the method of calculating one or more factors from the prior year, the form directs you to attach a statement.
- Leaving line 4 blank. The form says all corporations must complete this line.
Questions people ask
Can I mail a paper Schedule F with my return?
The form states that the return must be filed electronically and that paper returns will not be accepted.
What if I changed how I calculate an apportionment factor?
Fill in the oval for a change in the method of calculating one or more factors from the prior year and attach a statement.
How is the sales apportionment percentage calculated?
For mutual fund corporations reporting mutual fund sales, line 3g directs you to divide Massachusetts mutual fund sales by total mutual fund sales using line 3c. All other corporations, including mutual fund service corporations reporting non-mutual fund sales, divide Massachusetts total sales by worldwide total sales using line 3f.
Who uses the sales percentage directly on line 4?
Section 38 manufacturers and mutual fund service corporations reporting mutual fund sales enter the amount from line 3g. For all other corporations, the form directs you to add twice line 3g, line 1d and line 2b, and refers you to the instructions.
Where does the final Massachusetts apportionment percentage go?
Enter it on Schedule F, line 5, and the applicable Schedule E, line 20. For Section 38 manufacturers and mutual fund service corporations reporting mutual fund sales, line 5 uses the amount from line 4. For all other corporations, the printed direction is to divide line 4 by 4 and see the instructions.