Income:
dividends = $2,600
short-term capital gains = $700
short-term capital losses = ($1,900)
long-term capital losses = ($3,600)
2014 Massachusetts Schedule B:
Part 1 
Line 9. Subtotal interest and dividends after excess trade/business deduction

$2,600

Part 2 
Line 15. STCG subtotal after excess trade/business deduction

$700

Line 16. STCL

($1,900)

Line 19. Combined STCL and STCG

($1,200)

Line 20. STCL applied against interest and dividends maximum $2,000

$1,200


Part 3
 
Line 29. Subtotal interest and dividends from line 9

$2,600

Line 30. STCL applied against interest and dividends

$1,200

Line 31. Subtotal interest and dividends after applying STCL. See instructions

$1,400

Line 32. LTCL applied against interest and dividends (See worksheet)

$800

Line 33. Adjusted interest and dividends after applying LTCL

$600

2014 Massachusetts Schedule D:
Line 9. Combined LTCL

($3,600)

Line 15. Subtotal LTCL after applying capital losses against capital gains

($3,600)

Line 16. LTCL applied against interest and dividends (from worksheet in instructions)

$800

Line 17. Subtotal LTCL after applying against interest and dividends

($2,800)

2014 Schedule B, Line 32 and for Schedule D, Line 16 Worksheet - Long-Term Capital Losses Applied against Interest and Dividends

If Schedule B, line 31 is a positive amount and Schedule D, line 15 is a loss, complete the Long-Term Capital Losses Applied Against Interest and Dividends Worksheet for Schedule B, Line 32 and Schedule D, Line 16. When completing the worksheet, be sure to enter all losses as a positive amount.

Complete only if Schedule B, line 31 is a positive amount and Schedule D, line 15 is a loss. Enter all losses as positive amounts.

1. Enter amount from Schedule B, Line 29 $2,600
2. Enter the lesser of line 1 or $2,000

$2,000

3. Enter the amount from Schedule B, line 30

$1,200

4. Subtract line 3 from line 2. If "0" or less omit the remainder of worksheet.
Otherwise, enter lines 5 and 6

$800


5. Enter any loss from Schedule D, line 15, as a positive amount.
Otherwise, enter "0"


$3,600

6. If line 4 is smaller than or equal to line 5, enter line 4 here and in Schedule B,
line 32 and in Schedule D, line 16. If line 4 is larger than line 5, enter line 5 here
and in Schedule B, line 32 and in Schedule D, line 16

$800


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