In TurboTax Home & Business 2023, I have a federal carryover loss on capital gains of $25K, shown on Schedule D. On my Massachusetts schedule D, however, TurboTax left line 8 blank ("Carryover losses from prior years"). Should this line have a value based on my federal return?
I read the answer to this similar question which says, "If your loss has been subtracted from your federal income, and that amount has been transferred to your MA return, then it worked right." So, as a test, I overrode my federal capital gain carryover and set it to $0. As expected, my federal tax went up. But the Massachusetts tax stayed exactly the same! This feels wrong to me. Any insights appreciated!
Thanks very much.
