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Posted by Katie on April 15, 2007, 1:42 pm
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goo...@gilbert-family.com wrote:
> I have an 3K-1 from a MA partership. My husband works full
> time for the Partnership outside of MA. We file a Form1-
> NR/PY for MA. On the Form 1, Line 9, it asks for
> Income/loss of the partnership. We are using turbo tax for
> the return carrying over the income from our federal return
> which includes guaranteed payments. Do we have to include
> the guaranteed payments in income on the Form 1 since they
> are for work that was performed outside of MA?
>
> Thanks in advance for your help.
Massachusetts has VERY detailed regulations governing the
definition of source income taxable to a nonresident. Mass.
Regs. Code 62.5A.1(6) (a) provides that a nonresident
partner's guaranteed payments must be apportioned within and
without Massachusetts by the same ratio that applies to the
distributive share.
Katie in San Diego
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