JohnB5677
Expert Alumni

Deductions & credits

Line 10 of the Massachusetts Capital Gain Smart Worksheet comes from IRS Form 4797 adjustments due to fed/state depreciation.  This is generated from sale of business property

 

Line 16 of the Massachusetts Capital Gain Smart Worksheet comes from the Federal Schedule D line 12 which is Net Long-term gain or (loss) from partnership, S Corp, estates, and trusts from Schedule K-1.

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