Massachusetts long term capital gains on property located outside United States

[macapital1]

Property is located outside United States.

Sale results in long term capital gains.

For federal purpose, this needs to be included on the Federal form.

For Massachusetts, does this long term capital gain be included in the state form?  

Do I have to pay Massachusetts state capital gains tax on this foreign capital gain?

[AmyC]

Maybe, MA does tax foreign gains. You can review page 14 to see if you qualify for a tax credit for taxes paid in another country. Page 5 lists the taxable income.

[Edited 3/26/2024 | 8:05 am PST]

Please use this link to get to MA website for forms and locate the resident form instructions. Scroll down just a little.  The instructions are a download.

@macapital1 

[macapital1]

@AmyC  Thanks for your response but I am unable to open the link.  Please post the full link to review page 14 of the document.

[AmyC]

Please use this link to get to MA website for forms and locate the resident form instructions. Scroll down just a little.  The instructions are a download.