topic 1099-Div Gain Split for MA in Get your taxes done using TurboTax

1099-Div Gain Split for MA

DericS — Fri, 28 Mar 2025 01:53:58 GMT

I'm filing a partial year in MA. We move to CT. I've spilt the 1099B transactions between the two states and that's fine. However, I don't see a way to split the Capital Gains listed on the 1099-DIV (Line 2a). How do I show that this is for the partial year?

Thanks

Re: 1099-Div Gain Split for MA

SabrinaD2 — Fri, 28 Mar 2025 02:47:45 GMT

To allocate the capital gains from stock sales listed on your 1099-DIV (Line 2a) for a partial year, you should allocate the gains to the state where you were a resident at the time of the sale. Here's how you can do it:

Stock Sales: If you sold stocks right after moving to Connecticut (CT), allocate the gain to CT. If the sale occurred while you were still a resident of Massachusetts (MA), allocate the gain to MA.

Re: 1099-Div Gain Split for MA

DericS — Sat, 29 Mar 2025 19:30:16 GMT

I got that part. It's where to report the divide the on the Mass Tax Turbo Tax splits the 1099-B transactions just fine, but there doesn't seem to be a way to report the splits of the 1099-DIV. I went into the forms and reported the non Mass portion on the Mass Schedule D smart work sheet line D. This line already had the 1099-B amount on it. It expands to a detail box, so I just added the 1099-DIV portion. Does this sound right?

Re: 1099-Div Gain Split for MA

DericS — Tue, 01 Apr 2025 17:53:27 GMT

Any thoughts on this?

Re: 1099-Div Gain Split for MA

DianeW777 — Wed, 02 Apr 2025 19:30:39 GMT

Yes, it sounds right if you didn't have a question about how much of the dividends should be taxed to Massachusetts (MA). Please see the information below to enter the MA portion when using the Step by Step process.

The screen in MA for Interest and Dividends allows you to select 'Yes' to the question 'Do you have any additional interest or dividend income to report or any to exclude?' The next screen is 'Additional Interest and Dividends' where you can enter dividends taxable to MA only, another screen for 'Other Taxable Interest and Dividends' that allows a description and amount.

Keep going through this section to see other screens to enter the MA amount of your dividends during your part year residency.

@DericS