On a Massachusetts return with a Schedule B, I have interest and dividends that are being excluded on line 6 when they shouldn’t be. How can I fix this?
By default, Drake will pull calculations for:
- Interest on US Obligations
- Tax Exempt Interest
- State Tax Exempt Interest
- Nontaxable Dividends
- Other State Interest
- Other State Dividends
If the results are not as you expected, and you would like to change the output, you can do so by going to States > MA > screen B. On the MA B screen, type the amount that should be excluded and check the Use these instead of what flows box. This will act as an override for what is being populated on line 6 of the MA Schedule B.
If the box is checked and amounts are entered, nothing will carry from the federal return except what is keyed on this screen.
In View/Print mode, the MA STMBEX will display the excluded items.