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fcp3
Level 3

Massachusetts requires acquisition dates

HI @AmyC 

I am following up to your statement that a date is required for Massachusetts capital gains. ( This must stem from the graduated tax on capital gains based on holding period that was eliminated in 2003)  

 

As you can see on the thread, using the Desktop version, I used "various " last year without any issue.

 

At least if filed by mail, the Tax Return itself does not report dates.

 

Getting a little paranoid, I went back and tried to add dates but found the the "various" is fixed and cannot be changed  in several of the summaries ( the summaries themselves are rather odd, as ST is generally not summarized but all the Box D sales are)

 

So rather than try to go back to the federal form ( presumably the source of "various" ) I am going to file it with the dates I can change but leave the others alone, unless you think this will be  a problem.

AmyC
Expert Alumni

Massachusetts requires acquisition dates

You understand the dates were just to get the right taxation and as we discussed earlier, any date that gets the correct tax treatment. Various is fine as long as the tax treatment is correct. The goal is for your tax returns to be correct. As long as you are paying the correct tax - and can prove it, if asked, then you are golden. File and go have a great day!

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