fcp3
Level 3

TT Massachusetts is not importing Short term capital losses from year before

This was discussed in a 2022 post about previous year Long term capital loss carryovers and picked up by TT employees.

 

Link to discussion

 

Apparently it was not fixed because my previous year short term losses were not imported. Massachusetts says use the amount from  line 40 Schedule B from your Massachusetts previous year tax form,not the line from federal Schedule D which is a bit different, because the capital loss carry over can be used to offset some Massachusetts income.