Triva isn't available right now.
Check out the support page for our phone number and hours
Screen PAD - Pennsylvania Sales, Exchange or Disposition (1065)
Show all hidden content
Sale or Exchange of Property
Federal capital gains
The statement contains all the information entered in the federal D screen for capital gains and losses except long-term capital gain distributions. The application transfers the long-term capital gain distributions entered on the federal return to PA Schedule D, Page 1, line 7, and PA Schedule B, line 7, Capital gains distributions.
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 classify any item as gain, business income, or dividends. Instate / Outstate Code
in the statement can classify any item as a sale, exchange, or disposition of property within Pennsylvania or outside Pennsylvania. Select F4 to see a list of available codes.O | Outstate | PA Schedule D, Page 3, Sales, Exchange, and Disposition of Property outside Pennsylvania |
|---|---|---|
Type Code | Description | Destination |
I | Instate (default) | PA Schedule D, Page 1, Sales, Exchange, and Disposition of Property within Pennsylvania |
Class Code | Description | Destination |
|---|---|---|
G | Gain (default) | PA Schedule M, Reconciliation of Federal Taxable Income to PA Taxable Income, Net short-term capital gain (loss) and Net long-term capital gain (loss), column e and PA Schedule D, Pages 1 and 3 |
B | Business Income | PA Schedule M, Reconciliation of Federal Taxable Income to PA Taxable Income, Net short-term capital gain (loss) and Net long-term capital gain (loss), column b |
D | Dividends | PA Schedule M, Reconciliation of Federal Taxable Income to PA Taxable Income, Net short-term capital gain (loss) and Net long-term capital gain (loss), column d |
Federal short-term / long-term capital gain from like-kind exchanges
Information from federal Schedule D is transferred to the statement.
Type Code
in the statement can classify any item as a sale, exchange, or disposition of property within Pennsylvania or outside of Pennsylvania. Class Code
in the statement can classify any item as gain or business income. Select F4 to see a list of available codes. Additional amounts may be entered on a blank line. The available class codes are shown in the following table.O | Outstate | PA Schedule D, Page 3, line 3 or 4 |
|---|---|---|
Type Code | Description | Destination |
I | Instate (default) | PA Schedule D, Page 1, line 3 or 4 |
Class Code | Description | Destination |
|---|---|---|
G | Gain (default) | PA Schedule M, Reconciliation of Federal Taxable Income to PA Taxable Income, Net short-term capital gain (loss) or Net long-term capital gain (loss), column e |
B | Business Income | PA Schedule M, Reconciliation of Federal Taxable Income to PA Taxable Income. Net short-term capital gain (loss) or Net long-term capital gain (loss), column b |
PA source / Outside PA adj for gain (loss) reflected as business income on Schedule M (Force)
The application calculates PA Schedule D, Page 1, line 11, and PA Schedule D, Page 3, line 11, Adjustment for gain (loss) reflected on Part A of Schedule M for business income or loss based on the activity entered in the detailed asset data entry and Schedule D information coded to business income. Use these boxes to enter an amount that is different from the calculated amount.
Gain (loss) from transactions requiring adjustment for PA / IRS differences
Information from the federal D screen statement is transferred to the PAM1 screen. In the statement, enter Pennsylvania information not classified in the PAM1 screen. Assets sold or disposed using detailed asset data entry in the federal Schedule K, Farm Rental, and Rental folders are also included on the printed statement.
Instate / Outstate
in the statement can classify any item as a sale, exchange, or disposition of property within Pennsylvania or outside Pennsylvania. Property Code
in the statement can classify any item as other intangible, personal, real or security property.O | Outstate | PA Schedule D, Page 4 |
|---|---|---|
Instate / Outstate | Description | Destination |
I | Instate (default) | PA Schedule D, Page 2 |
Property Code | Description | Destination |
|---|---|---|
O | Other Intangible | PA Schedule D, Pages 2 or 4, Sales, Exchange, and Disposition of Property within Pennsylvania, Type of Property |
P | Personal | PA Schedule D, Page 2 or 4, Sales, Exchange, and Disposition of Property outside Pennsylvania, Type of Property |
R | Real | PA Schedule D, Page 2 or 4, Sales, Exchange, and Disposition of Property within Pennsylvania, Type of Property |
S | Security (default) | PA Schedule D, Page 2 or 4, Sales, Exchange, and Disposition of Property within Pennsylvania, Type of Property |
Specially allocate total gains
Select Ptr Alloc to specially allocate the total gains to partners using ratios that are different from the profit-sharing percentages.
note
The Ptr Alloc doesn't include gains from Schedule K-1 passthrough entities. Use the PAK1-2 to specially allocate the amounts from passthrough entities.
Specially allocate Pennsylvania gains
Select Ptr Alloc to specially allocate the Pennsylvania gains to partners using ratios that are different from the profit-sharing percentages.
note
The Ptr Alloc doesn't include Pennsylvania gains from Schedule K-1 passthrough entities. Use the PAK1-2 screen to specially allocate the amounts from passthrough entities.