What is Gross Income for a Part-Year Resident?
As a part-year resident, you must file Form 1-NR/PY if your gross income was more than $8,000 — whether received from sources inside or outside of Massachusetts. Gross income for a part-year resident includes the following: • all wages, salaries, tips, bonuses, fees and other compensation; • taxable pensions and annuities; • alimony; • income from a business, trade, profession, partnership, S corporation, trust or estate; • rental, royalty and REMIC income; • unemployment compensation; • taxable interest and dividends; • gambling winnings; • capital gains; • forgiveness of debt; • mortgage forgiveness; • taxable portion of scholarships and fellow- ships; and • any other income not specifically exempt. Massachusetts gross income also includes the fol lowing which are not subject to the U.S. income tax: • interest from obligations of states and their po- litical subdivisions, other than Massachusetts and its political subdivisions; and • income earned by a resident from foreign employmen