Question

MA State Tax Schedule B/D Does Not Allow Negative Proceeds Entry

Forum|Forum|4 years ago
March 7, 2022
2 replies
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I have some negative proceeds entries which were fine on the federal return, but TT Desktop version would NOT let me e-file with the negative proceeds in the Massachusetts State software worksheet. I can change the proceeds to 0 and cost basis to reflect the negative number but I do not want to do that as that would be inconsistent from my 1099-B.

J

Jeff710

Exact same issue for me. And like you, do not want to fudge as it would create inconsistency with Federal return and is manipulating the 1099-B data.

C

CC168

I have the exact same issue. Has anyone found a good fix for it yet? As we get closer to the filing deadline, I may just change it on the proceeds to $0 and enter the negative proceeds into the cost field on the Federal side so that it flows to MA. I can't even fudge it directly on the MA return since it won't let me override anything numbers on Schedule B/D.