Schedule U-ST: Member’s Separate Computation of Tax (2024)
Massachusetts · Massachusetts DOR · Used for tax years 2024
Massachusetts Schedule U-ST is used to compute a unitary group member’s separate tax. It reports the member’s Massachusetts income, loss deductions, income and non-income measures of excise, credits, and net tax liability.
What you'll need
Have the information and applicable schedules referenced on the form ready:
- The member’s name, federal identification number, PBA code and principal address, plus the principal reporting corporation’s name and federal identification number.
- Massachusetts and worldwide employee counts, and total assets from the member’s tax-year-ending books.
- Schedule U-MSI for the combined gains and losses reported on lines 11 and 16.
- Schedule U-MTI for other gains, losses and income reported on lines 12, 17 and 22.
- Information about prior-year section 1231 losses not recaptured, the member’s own net operating loss (NOL) deduction and shared NOL deductions.
- Taxable Massachusetts tangible property or taxable net worth information, if applicable.
- Schedule U-IC for credits and pass-through entity withholding.
- Credit Manager Schedule, sections 2 and 4, for refundable credits.
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 Department of Revenue’s electronic filing and payment requirements for more information.
Common mistakes
- Sending a paper return. The form is marked “E-File Only” and warns that paper returns will not be accepted.
Questions people ask
When should I mark the digital asset item?
Mark it if, at any time during the tax year, the corporation received a digital asset as a reward, award or payment for property or services, or sold, exchanged or otherwise disposed of a digital asset or a financial interest in one.
Which receipts boxes appear for S corporations?
Line 5 applies if the member is an S corporation and the unitary group’s receipts were less than $6 million. Line 6 applies if the member is an S corporation and the group’s receipts were $6 million or more but less than $9 million. Line 4 separately identifies the member as an S corporation.
What if the member’s fiscal year differs from the group’s tax year?
Check line 7 if the member has a fiscal year that is different from the group tax year.
Where do I report refundable credits?
Report the member’s refundable credits on line 43, using amounts from sections 2 and 4 of the Credit Manager Schedule.