If I have a Federal carryover loss, do I also record this loss on the Massachusetts tax forms or is the income figure imported from IRS 1040 already reflecting the loss?

[mberoz]

Currently there is no amount appearing in the box for ‘Carryover Losses From Prior Years’ showing on my Massachusetts form.

[CherylW · Accepted solution]

The carryover loss is already reflected in your Form 1040, so entering it for MA would be taking it twice.

To double-check:

1.       Go to Tax Tools on the left-hand side.

2.       Go to Tools.

3.       Go to View Tax Summary.

4.       Click Preview my 1040 from the left-hand side.

If your loss has been subtracted from your federal income, and that amount has been transferred to your MA return, then it worked right.