MA Senior Circuit Breaker Credit

[paulk33]

When reviewing the Schedule B worksheet which is used as input for the Schedule CB Wks, it looks like it's only retrieving GROSS short term capital gains (cap gn/lss wks) and not including the cap gain losses, so income becomes overstated.

MA income for Circuit breaker is then grossly overstated (as compared to federal) so because of this it's saying "you don't qualify because 10% of your income is greater than amt for credit.

I'm missing something - Shouldn't the capital gains be the sum of gains AND losses ??

[paulk33]

The problem seems to stem from MA form Schedule B - Line 10 is supposed to retrieve the totals from Federal Schedule D Lines 1 through 5 ... It is clearly not picking up the correct numbers - not even close !!!!