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Massachusetts Long-Term Capital Gains and Losses Excluding Collectibles
Extracted from PDF file 2023-massachusetts-schedule-d-personal.pdf, last modified January 2024Long-Term Capital Gains and Losses Excluding Collectibles
Be sure to complete and enclose pages 1–5 of Schedule D-IS. FIRST NAME M.I. LAST NAME Schedule D-IS Long-Term Capital Gains and Losses Excluding Collectibles SOCIAL SECURITY NUMBER OF PROPRIETOR 2023 Part 1. Long-Term Capital Gains (including from Qualified Small Business Stock) and Losses, Excluding Collectibles For lines 1 through 6, 8 and 10, enter the amounts from the sale, exchange or involuntary conversion of Massachusetts capital assets. If showing a loss, mark an X in box at left 1 Enter amounts included in U.S. Sch. D, lines 8a and 8b, col. h . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 1 2 Enter amounts included in U.S. Sch. D, line 9, col. h. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 2 3 Enter amounts included in U.S. Sch. D, line 10, col. h. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 3 4 Enter amounts included in U.S. Sch. D, line 11, col. h. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 4 5 Enter amounts included in U.S. Sch. D, line 12, col. h. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 5 6 Enter amounts included in U.S. Sch. D, line 13, col. h. If U.S. Schedule D not filed, enter the amount from U.S. Form 1040, line 7. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 6 7 Massachusetts long-term capital gains and losses included in U.S. Form 4797, Part II (not included in lines 1 through 6). See instructions . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 7 8 Carryover losses from prior years. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 8 9 Combine lines 1 through 8. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 9 10 a. Massachusetts adjustments. See instructions. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 10a b. Part-year/Nonresidents only. See instructions . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 10b c. Combine lines 10a and 10b. See instructions. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 10c 11 Adjusted capital gains and losses. See instructions. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 11 12 Long-term gains on collectibles and pre-1996 installment sales. See instructions. Also enter amount in Schedule B, Part 2, line 11. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 12 13 Long-term capital gain on installment sales from January 1, 1996 through December 31, 2002. See instructions . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 13 14 Subtotal. Subtract the total of lines 12 and 13 from line 11. See instructions. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 14 15 Long-term capital losses applied against long-term capital gains. See instructions. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 15 16 Subtotal. Combine line 14 and line 15. See instructions. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 16 17 Capital losses applied against capital gains. See instructions. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 17 18 Subtotal. If line 16 is greater than “0,” subtract line 17 from line 16. If line 16 is less than “0,” combine lines 16 and 17. If line 18 is a loss, see instructions . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 18 19 Long-term capital losses applied against interest and dividends. See instructions. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 19 20 Subtotal. Combine line 18 and line 19. See instructions. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 20 21 Allowable deductions from your trade or business (from Schedule C-2). See instructions. . . . . . . . . . . . . . . . . . . . . . . . . . . 21 22 Subtotal. Subtract line 21 from line 20. Not less than “0”. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 22 23 Excess exemptions (only if single, head of household or married filing jointly). See instructions. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 23 24 Subtotal. Subtract line 23 from line 22. Not less than “0”. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 24 25 Taxable Qualified Small Business Stock gains included in line 24. Enter here and on Schedule D-IS, Part 3, line 26, col. 1. See instructions. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 25 26 Taxable long-term capital gains. Subtract line 25 from line 24. Not less than “0”. Enter here and on Schedule D-IS, Part 3, line 26 col 1. See instructions. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 26 BE SURE TO COMPLETE SCHEDULE D-IS, PAGE 2 (ON OTHER SIDE) AND SCHEDULE D-IS, PAGES 3, 4 AND 5. SOCIAL SECURITY NUMBER 2023 SCHED. D-IS, PAGE 2 Part 2. Long-Term Capital Gains and Losses On Installment Sales from January 1, 1996 Through December 31, 2002 For lines 1 and 2, enter in the appropriate column amounts from the sale, of long-term installment sales from January 1, 1996 through December 31, 2002. 1 2 A. Held more than one year but not more than two years Long-term gain on installment sale from January 1, 1996 through December 31, 2002 from line 13. . . . . . . . . . . . . . . . . . . . . . . . . . 1 Long-term capital losses applied against long-term installment sales. See instructions . . . . . . . . . . . . . . . . . . . . . . . . . . . 2 B. Held more than two years but not more than three years If showing a loss, mark an X in box at left If showing a loss, mark an X in box at left 3 Subtotal. Combine line 1 and line 2. See instructions. . . . . . . . . . . . . . . . . 3 4 Short-term capital losses applied against long-term installment sales. See instructions . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 4 5 Subtotal. subtract line 4 from line 3 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 5 6 Allowable deductions from your trade or business (from Schedule C-2). See instructions. . . . . . . . . . . . . . . . . . . . . . . . . . . . 6 7 Subtotal. Subtract line 6 from line 5. Not less than “0”. . . . . . . . . . . . . . . . 7 8 Excess exemptions (only if single, head of household or married filing jointly). See instructions . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 8 9 Taxable long-term capital gains. Subtract line 8 from line 7. Not less than “0.” Enter result here and on Schedule D-IS, Part 3, line 26, col. 1. See instructions. . . . . . . . . . . . . . . . . . . . . . . . . . . . 9 BE SURE TO COMPLETE SCHEDULE D-IS, PAGES 3, 4 AND 5. 2023 SCHED. D-IS, PAGE 3 FIRST NAME Be sure to complete and enclose pages 1–5 of Schedule D-IS. M.I. LAST NAME SOCIAL SECURITY NUMBER OF PROPRIETOR Part 2. Long-Term Capital Gains and Losses On Installment Sales from January 1, 1996 Through December 31, 2002 (cont’d.) For lines 1 and 2, enter in the appropriate column amounts from the sale, of long-term installment sales from January 1, 1996 through December 31, 2002. 1 2 C. Held more than three years but not more than four years Long-term gain on installment sale from January 1, 1996 through December 31, 2002 from line 13. . . . . . . . . . . . . . . . . . . . . . . . . . 1 Long-term capital losses applied against long-term installment sales. See instructions . . . . . . . . . . . . . . . . . . . . . . . . . . . 2 D. Held more than four years but not more than five years If showing a loss, mark an X in box at left If showing a loss, mark an X in box at left 3 Subtotal. Combine line 1 and line 2. See instructions. . . . . . . . . . . . . . . . . 3 4 Short-term capital losses applied against long-term installment sales. See instructions . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 4 5 Subtotal. subtract line 4 from line 3 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 5 6 Allowable deductions from your trade or business (from Schedule C-2). See instructions. . . . . . . . . . . . . . . . . . . . . . . . . . . . 6 7 Subtotal. Subtract line 6 from line 5. Not less than “0”. . . . . . . . . . . . . . . . 7 8 Excess exemptions (only if single, head of household or married filing jointly). See instructions . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 8 9 Taxable long-term capital gains. Subtract line 8 from line 7. Not less than “0.” Enter result here and on Schedule D-IS, Part 3, line 26, col. 1. See instructions. . . . . . . . . . . . . . . . . . . . . . . . . . . . 9 BE SURE TO COMPLETE SCHEDULE D-IS, PAGES 4 (ON OTHER SIDE) AND 5. SOCIAL SECURITY NUMBER 2023 SCHED. D-IS, PAGE 4 Part 2. Long-Term Capital Gains and Losses On Installment Sales from January 1, 1996 Through December 31, 2002 (cont’d.) For lines 1 and 2, enter in the appropriate column amounts from the sale, of long-term installment sales from January 1, 1996 through December 31, 2002. 1 2 E. Held more than five years but not more than six years Long-term gain on installment sale from January 1, 1996 through December 31, 2002 from line 13. . . . . . . . . . . . . . . . . . . . . . . . . . 1 Long-term capital losses applied against long-term installment sales. See instructions . . . . . . . . . . . . . . . . . . . . . . . . . . . 2 F. Held more than six years If showing a loss, mark an X in box at left If showing a loss, mark an X in box at left 3 Subtotal. Combine line 1 and line 2. See instructions. . . . . . . . . . . . . . . . . 3 4 Short-term capital losses applied against long-term installment sales. See instructions . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 4 5 Subtotal. subtract line 4 from line 3 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 5 6 Allowable deductions from your trade or business (from Schedule C-2). See instructions. . . . . . . . . . . . . . . . . . . . . . . . . . . . 6 7 Subtotal. Subtract line 6 from line 5. Not less than “0”. . . . . . . . . . . . . . . . 7 8 Excess exemptions (only if single, head of household or married filing jointly). See instructions . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 8 9 Taxable long-term capital gains. Subtract line 8 from line 7. Not less than “0.” Enter result here and on Schedule D-IS, Part 3, line 26, col. 1. See instructions. . . . . . . . . . . . . . . . . . . . . . . . . . . . 9 BE SURE TO COMPLETE SCHEDULE D-IS, PAGE 5. 2023 SCHED. D-IS, PAGE 5 FIRST NAME Be sure to complete and enclose pages 1–5 of Schedule D-IS. M.I. LAST NAME SOCIAL SECURITY NUMBER OF PROPRIETOR Part 3. Tax on Long-Term Capital Gains 26 A. Enter in col. 1 the amount from Schedule D-IS, Part 1, line col. 1 26. Multiply by 0.05. Enter result in col. 2. Note: If choosing the optional 5.85% tax rate, multiply line 26 by .0585 . . . . . . . . . . . . . . 26A col. 2 × .05 B. Enter in col. 1 the amount of qualified small business stock gain from Schedule D-IS, Part 1, line 25. Multiply by .03. Enter result in col. 2 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 26B C. Enter in col. 1 the amount from Schedule D-IS, Part 2, line 9, col. A. Multiply by .05. Enter result in col. 2. . . . . . . . . . . . . . . . 26C D. Enter in col. 1 the amount from Schedule D-IS, Part 2, line 9, col. B. Multiply by .04. Enter result in col. 2. . . . . . . . . . . . . . . . 26D E. Enter in col. 1 the amount from Schedule D-IS, Part 2, line 9, col. C. Multiply by .03. Enter result in col. 2 . . . . . . . . . . . . . . . . 26E F. Enter in col. 1 the amount from Schedule D-IS, Part 2, line 9, col. D. Multiply by .02. Enter result in col. 2 . . . . . . . . . . . . . . . . 26F G. Enter in col. 1 the amount from Schedule D-IS, Part 2, line 9, col. E. Multiply by .01. Enter result in col. 2. . . . . . . . . . . . . . . . . 26G × .03 × .05 × .04 × .03 × .02 × .01 H. Enter in col. 1 the amount from Schedule D-IS, Part 2, line 9, col. F. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 26H 27 Total tax on long-term capital gains. Add lines 26A, 26B, 26C, 26D, 26E, 26F and 26G of col. 2. Enter result here and on Form 1, line 24; Form 1-NR/PY, line 28; or Form 3M, line 7. Form 2 filers, see instructions . . . . . . . . . . . . . . . 27 28 Available losses for carryover. Enter the amount from Schedule D-IS, Part 1, line 20, only if it is a loss. . . . . . . . . . . . .28
Schedule D-Personal
More about the Massachusetts Schedule D-Personal Individual Income Tax TY 2023
If you are reporting capital gains on installment sales that occurred during January 1, 1996 through December 31, 2002, do not file Schedule D. Instead, you must file Schedule D-IS, Installment Sales. If you are reporting an installment sale occurring on or after January 1, 2003, report those gains on Schedule D.
We last updated the Long-Term Capital Gains and Losses Excluding Collectibles in January 2024, so this is the latest version of Schedule D-Personal, fully updated for tax year 2023. You can download or print current or past-year PDFs of Schedule D-Personal directly from TaxFormFinder. You can print other Massachusetts tax forms here.
Related Massachusetts Individual Income Tax Forms:
TaxFormFinder has an additional 126 Massachusetts income tax forms that you may need, plus all federal income tax forms. These related forms may also be needed with the Massachusetts Schedule D-Personal.
| Form Code | Form Name |
|---|---|
| Schedule D | Long-Term Capital Gains and Losses Excluding Collectibles |
| Schedule DI | Dependent Information |
| Schedule DRE | Disclosure of Disregarded Entity |
| Schedule D-IS | Long-Term Capital Gains and Losses Excluding Collectibles |
View all 127 Massachusetts Income Tax Forms
Form Sources:
Massachusetts usually releases forms for the current tax year between January and April. We last updated Massachusetts Schedule D-Personal from the Department of Revenue in January 2024.
About the Individual Income Tax
The IRS and most states collect a personal income tax, which is paid throughout the year via tax withholding or estimated income tax payments.
Most taxpayers are required to file a yearly income tax return in April to both the Internal Revenue Service and their state's revenue department, which will result in either a tax refund of excess withheld income or a tax payment if the withholding does not cover the taxpayer's entire liability. Every taxpayer's situation is different - please consult a CPA or licensed tax preparer to ensure that you are filing the correct tax forms!
Historical Past-Year Versions of Massachusetts Schedule D-Personal
We have a total of ten past-year versions of Schedule D-Personal in the TaxFormFinder archives, including for the previous tax year. Download past year versions of this tax form as PDFs here:
2014 Schedule D-Personal
form 1
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