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State Grants

Jimmy4
Level 2

I have a Federal and Massachusetts schedule C with a Massachusetts Grant that is taxable federally but not for Massachusetts.  How do I back the 20K off the Mass return?

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5 Comments 5
Just-Lisa-Now-
Level 15
Level 15
MA must have a place for adjustments from the federal.

Im not familiar with MA, but California has a spot for it in their adjustments schedule.

♪♫•*¨*•.¸¸♥Lisa♥¸¸.•*¨*•♫♪
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Jimmy4
Level 2

I have been looking, do not see it......LOL.  Ready to throw computer out the window.  Anyone with exact place to adjust on Mass return?

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Just-Lisa-Now-
Level 15
Level 15

Looks like MA has there own Sch C, you cant make any adjustment sin there?


♪♫•*¨*•.¸¸♥Lisa♥¸¸.•*¨*•♫♪
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Jimmy4
Level 2

I did find a place, under "other expenses", there is a federal column and a Mass column, I was having trouble entering it there as it seemed to be forcing me to override it.  But override not needed.  Thanks for getting me to look there again.

Just-Lisa-Now-
Level 15
Level 15
Howabout as returns and allowances, that would deduct it from the MA Sch C income, right?

♪♫•*¨*•.¸¸♥Lisa♥¸¸.•*¨*•♫♪
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