Accountant-Man
Level 13
05-01-2023
04:58 PM
- Mark as New
- Bookmark
- Subscribe
- Permalink
- Report Inappropriate Content
The sale date of 12/31/xx works, but the purchase date of Various might not. I forget.
Please note that you MUST enter T or S or J for ownership of the assets sold, or else PA40 might not treat them properly. PA40 is effectively a joint Single return since it has a flat 3.07% tax on all income, and losses are not allowed to offset other income, including BETWEEN SPOUSES!
I.E, if TP has gains and SP has losses, THEY DO NOT OFFSET ON THE PA 40.
** I'm still a champion... of the world! Even without The Lounge.