Hello,
I entered my Section 1256 contracts and straddles profit in the federal form as ususal.
Then I started on the MA state form - non resident state form. These profits are not MA source income - we don't live in MA and didn't earn the money there.
There is no option to Exclude these profits in Turbotax (desktop deluxe) as far as I can see. You can exclude interest, dividends, capital gains and stock sales, but not Section 1256 transactions. So, MA is taxing me on the profit earned.
How do I exclude the income from taxation by MA ?
