Screen PA4684P - Pennsylvania Personal Casualty and Theft Loss (1040)

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Overview

Amounts that appear in the PA4684P screen are automatically transferred from the federal 4684P screen. It's important to report any state-related law differences and details in the PA4684P screen.
note
Add or delete units for this screen in the corresponding federal screen instead.

Personal Use Properties

Method of computing 6/1/71 value
If acquired prior to June 1, 1971, any taxable gain from this sale should be reported on Form PA-40, Schedule D-71. UltraTax CS automatically completes Schedule D-71 from this screen. Enter the 6/1/71 valuation method used. The following table lists the valuation codes. The codes may be entered directly or selected from the fieldview.
Code
Description
A
Appraisal
P
Proration
S
Listed security
X
Deemed
Alternate basis
Enter the alternative basis for property acquired prior to June 1, 1971. UltraTax CS uses this field to complete Schedule D-71 only if the
Date acquired
field is prior to June 1, 1971.

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