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Screen PAInt - Pennsylvania Interest, Dividends & Gambling (1065)

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Interest and Dividends

Federal exempt interest taxable for PA PIT as: Interest income / … / Business income
The statement contains all the information entered for tax-exempt interest income in the federal K-4 and K1-5 screen. To exclude an item from the state return, delete the amount, enter a zero, or delete the entire line item from the statement. The application displays the modified column in black and won't overwrite the new data with subsequent federal-to-state data transfers.
Class Code
 in the statement can include any item in the statement. Select F4 to see a list of available codes. Additional amounts may be entered on a blank line. The available class codes for non-taxable interest amounts are shown in the following table.
Class Code
Description
Destination
I
Taxable interest (Default)
PA Schedule A, line 4 - Federal exempt interest
D
Taxable dividends
PA Schedule B, line 4 - PA exempt dividends
B
Business income
PA Schedule M, Reconciliation of Federal Taxable Income to PA Taxable Income, Section II, line g14

Gambling and Lottery Winnings

Winnings from federal forms W-2G
Code
 in the statement can classify any item as instate or out-of-state. Select F4 in this box to see a list of available codes. Additional amounts may be entered on a blank line. The available codes for gambling and lottery winnings are shown in the following table.
Code
Description
Destination
I
PA (default)
PA Schedule T and PA 20S / PA-65, Page 1, line 8b, Gambling and Lottery Winnings - PA source
O
Non-PA
PA Schedule T and PA 20S / PA-65, Page 1, line 8a, Gambling and Lottery Winnings - Outside Pennsylvania

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