Question
Pennsylvania Partnership Sale of Rental Property
I am working on the sale of property for a partnership. There is no depreciation left on the property and I have completed entering the sale for the property on the Federal 1065 and everything looks good. But when I get to the PA state partnership tax return the sale is coming through as non-taxable on line 12 of the PA-65. I thought this would flow through to the state return as taxable and distribute to the partners RK-1's? What am I missing that I need to do for the sale to properly distribute to the partners and be taxable?
Thank you for any help you can provide.
Dustin
