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Returning Member
posted Mar 6, 2022 4:15:28 PM

MA State Tax Schedule B/D Does Not Allow Negative Proceeds Entry

I have some negative proceeds entries which were fine on the federal return, but TT Desktop version would NOT let me e-file with the negative proceeds in the Massachusetts State software worksheet. I can change the proceeds to 0 and cost basis to reflect the negative number but I do not want to do that as that would be inconsistent from my 1099-B. 

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2 Replies
Returning Member
Mar 8, 2022 6:37:15 AM

Exact same issue for me. And like you, do not want to fudge as it would create inconsistency with Federal return and is manipulating the 1099-B data. 

Level 1
Mar 29, 2022 7:55:10 PM

I have the exact same issue. Has anyone found a good fix for it yet? As we get closer to the filing deadline, I may just change it on the proceeds to $0 and enter the negative proceeds into the cost field on the Federal side so that it flows to MA. I can't even fudge it directly on the MA return since it won't let me override anything numbers on Schedule B/D.