2554628
turbotax icon
cancel
Showing results for 
Search instead for 
Did you mean: 
Announcements
Close icon
Do you have a TurboTax Online account?

We'll help you get started or pick up where you left off.

Geebar
Returning Member

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. 

x
Do you have an Intuit account?

Do you have an Intuit account?

You'll need to sign in or create an account to connect with an expert.

2 Replies
Jeff710
Returning Member

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

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. 

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

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.

Unlock tailored help options in your account.

message box icon

Get more help

Ask questions and learn more about your taxes and finances.

Post your Question