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Level 3
February 17, 2021
Question

schedule d pennsylvania

  • February 17, 2021
  • 1 reply
  • 5 views

I have a sale on federal schedule d with a wash sale adjustment.  This adjustment is not coming through on the PA schedule D.  Please advise.

 

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1 reply

Accountant-Man
Level 13
February 17, 2021

It didn't work last year either. It had to be manually adjusted on the PA Schedule of Gains and Losses.

It didn't work in 2018 either.

{So much for $6,000 software.}

FYI:

Wash Sales

The federal wash sale provisions do not apply for Pennsylvania personal income tax purposes. For Pennsylvania purposes, every transaction is considered separate and independent of any subsequent transaction.

https://www.revenue.pa.gov/FormsandPublications/PAPersonalIncomeTaxGuide/Pages/Gains-Losses-Sale-Exchange-Disposition-Property.aspx#:~:text=or%20other%20consideration.-,Wash%20Sales,independent%20of%20any%20subsequent%20transaction.

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