itonewbie
Level 15

Got it!

If I understand you correctly, your client sold different lots during 2022.  Part of these were sold during DE residency and the remainder after they moved to PA.

Assuming my understanding is correct, ProConnect Tax will determine the gain/loss that should flow from each sale to the respective state, not based not on the date of disposition (although you'd think it should know to use the residency periods you input for each state), but the 2-letter state abbreviation you select for the sourcing column for both of the following -

  • Sales price
  • Cost or other basis (do not reduce by depreciation)

It's relatively straightforward and painless.

Hope this helps.

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Still an AllStar