Thank you for the update. Just one quick clarification. In the Massachusetts instructions it says a fiduciary return must be filed if the taxable income is in excess of $100 “at the entry level”. I am not familiar with the term “entry level”. Is it the capitol income after the deductions which make it a loss and therefore a fiduciary return needs to be filed. Or is it the capitol income before the deductions (and require a return to be filed although no tax would be due after the deductions are applied ?)
