Why sign in to the Community?

  • Submit a question
  • Check your notifications
Sign in to the Community or Sign in to TurboTax and start working on your taxes
Level 1
posted Jan 5, 2023 8:46:21 AM

State Taxes on NUAs ?

How does Massachusetts tax NUAs?  Does it follow the federal rule that the NUA amount  is a long term capital gain no matter when you sell?  

0 2 572
2 Replies
Level 15
Jan 5, 2023 9:33:56 AM
Level 7
Jan 5, 2023 3:07:27 PM

This is a question best answered by a tax professional (which I am not), but MA generally follows the IRS code (and very recently updated to follow the code as amended on Jan 1, 2022), There are some exceptions, but I cannot find any related to net unrealized appreciation.

 

Hope this is of some help.