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Pro Series Problem on MA Form !

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    Pro Series Problem on MA Form !

    If you have gain or loss from a Section 1256 Straddle coming fron a K-1 Form, Pro Series does not carry the short term gain or loss to Schedule B line 10. You have to go to the MA capital gain worksheet and enter this info. This has been true for at least 4 years. Pro Series says the SW is designed like this because of Ma law dfifferences. I think this explantion is a crock. I have spoken to them about this and have not received a satisfactory response. I checked with another Tax Pro and his SW handles this transaction seemlessly and the short term gain is autiomatically taken to Schedule B line10.

    #2
    Pro Series responded today

    I just heard from Pro Series and they assured me this issue will be fixed for the 2011 year.

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