Article: 50419

Overview 

 The following deductions are reported on Schedule C2:

• Abandoned Building Renovation Deduction 
• Additional adjusted gross income deductions 
• Schedule B capital gains effectively connected with the active conduct of your trade or business 
• Schedule B capital gains from passive activities allowed to offset losses from passive activities in the current taxable year 
• Interest and dividends effectively connected with the active conduct of your trade or business 
• Interest and dividends from passive activities allowed to offset losses from passive activities in the current taxable year 
• Long-term capital gains effectively connected with the active conduct of your trade or business 
• Long-term capital gains from passive activities allowed to offset losses from passive activities in the current taxable year 

How to Add This Screen 

1. Click on the State Taxes section on the left-hand side of the screen.
2. Click the link “I’d like to see the forms I’ve filled out or search for a form.”
3. Use the drop list to select Massachusetts.
4. Under the General tab, select Schedule C2 .
5. Complete the screen.
6. Click Save.

Further Information 

For full guidance on Massachusetts deductions and eligibility, visit: 
https://www.mass.gov/info-details/massachusetts-personal-income-tax-forms-and-instructions