MarilynG1
Expert Alumni

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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