Schedule IDD: Income Distribution Deduction (2024)
Massachusetts · Massachusetts DOR · Used for tax years 2024
Massachusetts Schedule IDD calculates an estate’s or trust’s income distribution deductions for Form 2. It reports income, distributions, and deductions separately for Part B income, Part A interest and dividends, Part A capital gains, and Part C long-term capital gains.
What you'll need
Have Form 2 available. Schedule IDD uses these amounts:
- Line 9: Part B 5.0% income.
- Line 16: Part A 5.0% interest and dividend income.
- Line 25: Part A 8.5% and 12% capital gains.
- Line 33: Part C 5.0% long-term capital gains.
You will also need the estate or trust's name and employer identification number. For each income category, you need the amounts required to be distributed currently and any other amounts paid, credited or otherwise required to be distributed.
Questions people ask
How do I calculate the deduction for Part B income?
Enter Form 2, line 9, on Schedule IDD, line 1, but not less than zero. Add the distribution amounts on lines 2 and 3 and enter the total on line 4. Enter the smaller of line 1 or line 4 on line 5 and on Form 2, line 10.
How do I calculate the deduction for interest and dividend income?
Enter Form 2, line 16, on Schedule IDD, line 6. Add the distribution amounts on lines 7 and 8 and enter the total on line 9. Enter the smaller of line 6 or line 9 on line 10 and on Form 2, line 17.
Where do I calculate the deduction for Part A 8.5% and 12% capital gains?
Use Part 3. Enter Form 2, line 25, on Schedule IDD, line 11. Add the distribution amounts on lines 12 and 13 and enter the total on line 14. Enter the smaller of line 11 or line 14 on line 15 and on Form 2, line 26.
Where do I calculate the deduction for Part C 5.0% long-term capital gains?
Use Part 4. Enter Form 2, line 33, on Schedule IDD, line 16. Add the distribution amounts on lines 17 and 18 and enter the total on line 19. Enter the smaller of line 16 or line 19 on line 20 and on Form 2, line 34.