Welcome back! Ask questions, get answers, and join our large community of tax professionals.
- Topics
- Training
- Community
- Product Help
- Industry Discussions
- User Groups
- Discover
- Resources
Turn on suggestions
Auto-suggest helps you quickly narrow down your search results by suggesting possible matches as you type.
Showing results for
- Intuit Accountants Community
- :
- ProSeries Tax
- :
- ProSeries Tax Discussions
- :
- PA - 65 RETURN LINE #12
PA - 65 RETURN LINE #12
Options
- Mark Topic as New
- Mark Topic as Read
- Float this Topic for Current User
- Bookmark
- Subscribe
- Printer Friendly Page
Andy32
Level 1
2 weeks ago
- Mark as New
- Bookmark
- Subscribe
- Permalink
- Report Inappropriate Content
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
Labels
1 Comment 1
George4Tacks
Level 15
yesterday
- Mark as New
- Bookmark
- Subscribe
- Permalink
- Report Inappropriate Content
@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!
