Schedule D: Capital Gains and Losses (2024)
Massachusetts · Massachusetts DOR · Used for tax years 2024
Massachusetts Schedule D reports an estate’s or trust’s capital gains and losses for 2024. It accounts for Massachusetts adjustments, prior-year loss carryovers and allowable deductions to calculate the amount reported on Form 2 and any long-term capital losses available to carry
What you'll need
- U.S. Form 1041, Schedule D: Attach a copy of U.S. Schedule D. Massachusetts Schedule D uses amounts from lines 8 through 14, column h.
- Estate or trust information: Have the name and employer identification number ready.
- U.S. Form 4797, Part II, if applicable: Line 6 uses Massachusetts long-term capital gains and losses not already included on lines 1 through 5.
- 2023 Schedule D, if claiming carryover losses: Use line 19 to complete line 7 of the 2024 schedule.
- Additional statement, if reporting Massachusetts differences: Enclose this for line 9.
- Massachusetts Schedule C-2, if applicable: Line 17 uses allowable trade or business deductions from this schedule.
- Worksheet from the instructions, if applicable: Line 15 refers to this worksheet for long-term capital losses applied against interest and dividends.
Common mistakes
- Do not forget to attach a copy of U.S. Schedule D.
- Fill in the oval when showing a loss.
- Enclose an additional statement if you report Massachusetts differences on line 9.
- Also enter the amount from line 11 on Schedule B, line 13.
- Also enter the result from line 18 on Form 2, line 31.
Questions people ask
Where do I enter losses carried over from the prior year?
Enter carryover losses from 2023 Schedule D, line 19, on line 7 of the 2024 schedule.
Where do long-term gains on collectibles and pre-1996 installment sales go?
Enter them on line 11. Also enter that amount on Schedule B, line 13.
How much in long-term capital losses can be applied against interest and dividends?
Line 15 allows no more than $2,000 and directs you to use the worksheet in the instructions.
Where do I report losses available to carry forward?
Line 19 reports long-term capital losses available for carryover in 2025, if any.