Capital gains and losses (1041 MA)
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Hide expandable textThe state of Massachusetts treats ordinary gains as capital gains. Onvio Tax splits the gains from Form 4797 between short-term and long-term because they appear on different forms (short-term on Schedule B and long-term on Schedule D). The application also splits short-term gains and short-term losses because they appear on different lines (gains on lines 12 and 14, and losses on lines 18-20).
To include capital gains in MA source income, go to the federal Income screen and use type code B in the Capital gains or (losses) field.
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