Schedule D: Capital Gains and Losses (2025)
Massachusetts · Massachusetts DOR · Used for tax years 2025
Massachusetts Schedule D reports an estate’s or trust’s capital gains and losses for 2025, including Massachusetts adjustments and prior-year loss carryovers. It calculates the amount to enter on Form 2, line 31, and long-term capital losses available to carry over to 2026.
What you'll need
- Attach a copy of U.S. Schedule D. Lines 1 through 5 use amounts from U.S. Form 1041, Schedule D, column h.
- Have the estate or trust's name and employer identification number ready.
- If applicable, use U.S. Form 4797, Part II, for Massachusetts long-term gains and losses not included on lines 1 through 5.
- For carryover losses, use line 19 of your 2024 Schedule D.
- Enclose an additional statement if you report Massachusetts differences on line 9.
- If claiming allowable trade or business deductions on line 17, use Massachusetts Schedule C-2.
Common mistakes
- Do not forget to attach a copy of U.S. Schedule D.
- Fill in the loss oval when showing a loss.
- Enclose an additional statement for Massachusetts differences reported on line 9.
- Also enter the long-term gains on collectibles and pre-1996 installment sales from line 11 on Schedule B, line 13.
- Do not enter more than $2,000 on line 15 for long-term capital losses applied against interest and dividends. The form directs you to a worksheet in the instructions.
- Also enter the result from line 18 on Form 2, line 31.
Questions people ask
Where do I report losses carried over from the prior year?
Enter carryover losses from your 2024 Schedule D, line 19, on line 7 of the 2025 schedule.
Where do gains on collectibles and pre-1996 installment sales go?
Report these long-term gains on line 11. Also enter that amount on Schedule B, line 13.
How much long-term capital loss can I apply against interest and dividends?
Line 15 allows no more than $2,000. The form directs you to use a worksheet in the instructions, which are not included in the supplied text.
Where does the final subtotal go?
Subtract line 17 from line 16. Enter the result on line 18 and on Form 2, line 31.
Where do I show long-term capital losses available for next year?
Use line 19 to report any long-term capital losses available for carryover in 2026.