Massachusetts Short Term Capital Loss Differences

[amangano86]

Do I need to manually adjust my capital losses for my Massachusetts return in Turbo Tax? I entered them as individual stock sales during the federal interview. Shouldn't TurboTax be able to automatically figure out what applies to my Massachusetts return and what doesn't based on what was entered?

If I need to manually adjust them, how do I do it? When I click "Yes, I need to report differences.", it just shows a table with 'description' and 'amount' columns.

[AmyC]

Adjustments are for the outliers like: 

• your MA basis is different than the federal
• you had a wash sale specific to MA
• pre-1996 installment sale
• state/muni bonds bonds taxable to MA but not federal -but it should not be in the section you describe

For most people, the answer is no.