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My self employed business income from my 1099C is different on my MA state income, why?
On my self employed schedule C, my business income is $18,388. When it transferred over to my MA State form, my income(that states it was transferred from my federal return) is $18,334. A difference of $54.00. I have checked everything. The only thing different this year is we sold a business vehicle, that we took actual expense on, used 100% for business, and did not use it for trade. I even went in and changed a value for my income to see if it changed on my state, and it did, so I know it is transferring over to the state. But I don't know why my State of MA is showing $54.00 less then my federal self employment income. Is there something that MA does not tax that I am not aware of? I have run all the state/federal checks. No errors. Thank you