turbotax icon
cancel
Showing results for 
Search instead for 
Did you mean: 
turbotax icon
cancel
Showing results for 
Search instead for 
Did you mean: 
turbotax icon
cancel
Showing results for 
Search instead for 
Did you mean: 
turbotax icon
cancel
Showing results for 
Search instead for 
Did you mean: 
Announcements
Close icon
Do you have a TurboTax Online account?

We'll help you get started or pick up where you left off.

LMRJ
Returning Member

Massachusetts rental real estate loss for out of state residents

I have Massachusetts property rental real estate loss that cannot be deducted in MA because I don't reside in MA I don't have any  other MA income to offset.  This MA property  loss was used on Federal tax return to offset other income. Can this loss be carried forward to the next MA return and used against the next Massachusetts real estate income?  Or can this loss be carried forward in MA taxes for when I sell the property?  Or do I lose the loss because it doesn't reconcile with Federal?

Connect with an expert
x
Do you have an Intuit account?

Do you have an Intuit account?

You'll need to sign in or create an account to connect with an expert.

2 Replies
LMRJ
Returning Member

Massachusetts rental real estate loss for out of state residents

Any experts out there?

ThomasM125
Expert Alumni

Massachusetts rental real estate loss for out of state residents

The passive loss carryover in Massachusetts would appear to be allowable as Massachusetts conforms to federal tax law as it pertains to passive losses. From The Massachusetts Department of Revenue: Mass.gov

 

 

So, if you don't have passive income in Massachusetts to offset passive loss carryovers from the previous year, the loss carryovers would continue on to the next year until you had a year that they could be used. That is the federal law so it should be the same in Massachusetts.

**Say "Thanks" by clicking the thumb icon in a post
**Mark the post that answers your question by clicking on "Mark as Best Answer"
message box icon

Get more help

Ask questions and learn more about your taxes and finances.

Post your Question
Manage cookies