Beneficiary allocation (1041 MA)

To distribute amounts to the beneficiaries, go to the Beneficiaries tab. If you do not distribute all income, you must enter percentages or amounts (but not both). Onvio Tax displays a 100% distribution on the Massachusetts return unless you enter amounts totaling less than 100% of the income and the return is not final, simple, or otherwise defaulting to equal / 100% of the federal. 

MA 2K1

Amounts on the MA 2K1 Column A are the net amounts of the federal K-1. The lines may not correlate between columns A and B because Massachusetts classified some income differently from the federal. Therefore, there may be differences in column B.

MA source income

You can adjust the Massachusetts source income using the force fields on the MAInc screen.


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