Welcome back! Ask questions, get answers, and join our large community of tax professionals.
  • Sign In
  • Elevate 2026 Pencil Banner
    cancel
    Showing results for 
    Search instead for 
    Did you mean: 

    PA - 65 RETURN LINE #12

    Andy32
    Level 1

     

    I have a PA Resident Client who sold his Rental Property in New Jersey.

    He has a registered PA Partnership and files a PA Partnership Return.

    My question is he had an $80,000 Gain (Form 4797) on the Sale and the Program is recording the gain 

    on PA-65 line 12 as a Nontaxable/Nonreportable Income. The Federal 1065 handled it correctly.

    This is affecting the PA K1 also.

    I spoke with Intuit support, and they did not have any answers

     

    0 Cheers
    1 Comment 1
    George4Tacks
    Level 15

    @Andy32 did you resolve this? Did the partnership file a NJ-1065? I believe that NJ income would show up on the K-1 from the PA partnership doing business in NJ. 


    Answers are easy. Questions are hard!
    0 Cheers