DanielV01
Expert Alumni

State tax filing

What should happen is that the Federal amount of income should carry over to the Massachusetts return.  Massachusetts does not have its own form, but if you exclude income via insolvency on the Federal return, the "carry-over" income will also be excluded from the Massachusetts return.  Keep in mind that Massachusetts can ask for independent proof of the amount of income excluded, so be sure to retain good records of what you are claiming.

 

 

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