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    RE: MA capital gain

    Posted in: Open Forum

    John: Check out Mass Form C-2. I think that will work. Gary Sent from my iPhone- Please excuse any typos and my brevity. ------Original Message------ A client recently sold a commercial building for a LTCG of about $1M. He also has a K-1 loss from ...

  • Posted in: Open Forum

    John, See MA Directive 86-28. See MA Schedule C-2. You MAY be able to offset your Part A income and Part B loss.  Both pieces must be from a "trade or business" but are not required to be from the same trade or business. See the two requirements in ...

  • Posted in: Open Forum

    ​Take a look at the Mass Form C-2.  It's my understanding that this is the form that allows you to take ordinary losses against "long-term capital gains effectively connected with your trade or business".  I hope this helps you out. ------------------------------ ...

MSCPA CEO Blog: Amy's Angle

  • With winter and busy season upon us, the MSCPA is excited to bring back our popular Fitness Challenge to help you stay healthy and active over the next few months. Sponsored by  Integrated Partners , this friendly competition is a great way for your office to come together as a team to out-step other challengers!     The fourth annual Fitness Challenge  will begin at 12:00 a.m. on Wednesday, February 5 and end at 11:59 p.m. on Wednesday, April 15.  Steps will be tracked using the Challenge Runner app or by manually inputting them via  ChallengeRunner.com . To sign up and to join/create your team,  click here .    Team totals will be calculated by average, and teams can include up to 50 participants (individuals are encouraged to sign up as well). Awards will be based on the following team sizes, and we'll also have an overall winner:  1 (individual team); 2-10 team members; 11 – 20 team members; 21 - 30 team members; and 31 - 50 team ...

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