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Screen PAInstPY - Pennsylvania Prior Year Installment Sale (1065)

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Overview

Use this screen to enter or verify information necessary to complete prior-year installment sales on PA Schedule D-1. If the partnership had sales of property in prior years using the installment method, all PA Schedule D-1 general information and amounts have transferred from the federal InstPY screen. If any information varies for Pennsylvania purposes, enter
only
 the amounts that differ on the line. The sales are recalculated at the state level.
note
Asset information entered directly on the form does
not
 transfer back to the input screen. You should
not
 enter asset information directly on the form. Enter sale information in this input screen.
Overrides
If you want the application to print Form 4797 and PA Schedule D-1 for prior-year sales only, you'll need to enter the asset information in the PAInstPY screen. You can then override the asset information on the form if needed.
note
If you enter asset information only in PA Schedule D-1 and don't use this screen, the application does
not
 print the forms.

General Information

The information in this section applies to all of the forms used to report prior-year installment sales.
Unit / Form
Enter data in these boxes when you are manually entering asset information and you want to use these boxes for identification purposes. The
Form
 and
Unit
 boxes comprise the business activity. The table that follows lists the available form codes that you can enter in
Form
. You can either enter these codes directly or select them from the fieldview.
Form Code
Description
Destination
Page 1
Regular depreciation
PA Schedule M, Reconciliation of Federal Taxable Income to PA Taxable Income column b (default)
A
Schedule A
PA Schedule M, Reconciliation of Federal Taxable Income to PA Taxable Income, column b
F
Schedule F
PA Schedule M, Reconciliation of Federal Taxable Income to PA Taxable Income, column b
Rental
Rental / royalty activity
PA Schedule D
4835
Form 4835
PA Schedule D
Misc
Miscellaneous
PA Schedule D
Type of property
Use this box to classify the type of property for Schedule D, Pages 2 and 4.

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