https://ttlc.intuit.com/community/taxes/discussion/excess-business-loss/01/3082525#M1125687 <P>For my 2022 taxes, I am a resident of CT with business and have 1 rental property in MA. However my loss from Business sourced in CT is 1million and only 540K has been allowed under IRC Sec461(l). The remaining 440k has been CF to 2023 in Federal. But MA is taking the 440K as other income and calculating tax on the same. Is 440k taxable in MA even though the income isn't sourced in MA?</P> Tue, 24 Feb 2026 07:10:32 GMT Raksha 2026-02-24T07:10:32Z https://ttlc.intuit.com/community/taxes/discussion/excess-business-loss/01/3082525#M1125687 <P>For my 2022 taxes, I am a resident of CT with business and have 1 rental property in MA. However my loss from Business sourced in CT is 1million and only 540K has been allowed under IRC Sec461(l). The remaining 440k has been CF to 2023 in Federal. But MA is taking the 440K as other income and calculating tax on the same. Is 440k taxable in MA even though the income isn't sourced in MA?</P> Tue, 24 Feb 2026 07:10:32 GMT https://ttlc.intuit.com/community/taxes/discussion/excess-business-loss/01/3082525#M1125687 Raksha 2026-02-24T07:10:32Z https://ttlc.intuit.com/community/taxes/discussion/re-excess-business-loss/01/3082542#M1125697 <P>With a business loss of a million dollars you should be working with a skilled local tax professional, not trying to do it yourself with anonymous advice from the internet.</P> <P>&nbsp;</P> Wed, 09 Aug 2023 20:50:10 GMT https://ttlc.intuit.com/community/taxes/discussion/re-excess-business-loss/01/3082542#M1125697 rjs 2023-08-09T20:50:10Z