Schedule RNW: REIT Net Worth Calculation (2025)
Massachusetts · Massachusetts DOR · Used for tax years 2025
Massachusetts Schedule RNW calculates a real estate investment corporation’s taxable net worth. It reports total assets, liabilities, Massachusetts taxable assets and the REIT apportionment percentage used to calculate taxable net worth for the excise calculation.
Who files this form
Complete Schedule RNW only if the taxpayer is a real estate investment corporation that meets the requirements in TIRs 06-6 and 14-11.
What you'll need
Have these details and schedule amounts available:
- Corporation name and federal identification number.
- Schedule A, line 18: total assets.
- Schedule A, line 26: total liabilities.
- Schedule B, line 7: Massachusetts tangible property not taxed locally.
- Total intangible assets allocated to Massachusetts.
How to file
The return must be filed electronically. Paper returns will not be accepted.
For questions about electronic filing, call 617-887-6367. See the Massachusetts DOR electronic filing and payment requirements for more information. The form also refers filers to TIRs 16-9 and 21-9.
Common mistakes
- Do not submit a paper return. The form warns that electronic filing is required and paper returns will not be accepted.
- Complete Schedule RNW only for a real estate investment corporation that meets the requirements in TIRs 06-6 and 14-11.
Questions people ask
How do I calculate net worth on line 3?
Subtract total liabilities on line 2 from total assets on line 1. These amounts come from Schedule A, lines 26 and 18, respectively.
What goes into taxable Massachusetts assets?
Add Massachusetts tangible property not taxed locally on line 4 to total intangible assets allocated to Massachusetts on line 5. Enter the total on line 6.
How do I calculate the REIT apportionment percentage?
Divide taxable Massachusetts assets on line 6 by total assets on line 1. Enter the result on line 7.
Where do I enter taxable net worth?
Multiply net worth on line 3 by the REIT apportionment percentage on line 7. Enter the result on Schedule RNW, line 8, and on line 2 of the Excise Calculation on page 2. Enter “0” on line 1 of the Excise Calculation.