Updates
1996
Windows Calculation Problems and Updates  TaxCut Massachusetts & Capital Gains Distributions Users Affected: Massachusetts taxpayers with a capital gain distribution shown on TaxCut Federal Schedule B, Line 7. Problem: The TaxCut Massachusetts State Edition may double your capital gains distributions on Massachusetts Schedule D, Line 1. Solution: Before filing your Massachusetts return, compare the total of Lines 15 and 17 from Federal Schedule D to the amount on Line a of the Massachusetts Schedule D Mini-Worksheet for Long-Term Capital Gains and Losses. If these two entries are not the same, override the total of Lines 15 and 17 from Federal Schedule D on Line a of the Massachusetts Schedule D Mini-Worksheet. You can also download and install the Massachusetts Update Program. |