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Returning Member
posted Mar 30, 2020 6:24:11 AM

On Massachusetts Smart Worksheet for cap gains, where does TT get info for line 10 an line 16? Does not tie to Fed Sch D lines

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1 Replies
Expert Alumni
Mar 31, 2020 2:43:23 PM

Line 10 of the Massachusetts Capital Gain Smart Worksheet comes from IRS Form 4797 adjustments due to fed/state depreciation.  This is generated from sale of business property

 

Line 16 of the Massachusetts Capital Gain Smart Worksheet comes from the Federal Schedule D line 12 which is Net Long-term gain or (loss) from partnership, S Corp, estates, and trusts from Schedule K-1.