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Business & farm
@StoddardV From mass.gov:
"Carryover passive losses which you may take upon disposing of your entire interest in the passive activity to an unrelated party in a fully taxable transaction may be used to offset:
- Form 1 income
- Form 1-NR/PY income
- Schedule B income
- Schedule D income"
If your losses did not carry over from your Federal return properly, you may need to make a manual entry to report them on Massachusetts Schedule C-2.
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April 16, 2021
1:56 PM