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 Schedule D not flowing from Federal 1099-B worksheet if Joint owner is selected
PA Schedule D not flowing from Federal 1099-B worksheet if Joint owner is selected
Options
- Mark Topic as New
- Mark Topic as Read
- Float this Topic for Current User
- Bookmark
- Subscribe
- Printer Friendly Page
rodney2000
Level 1
02-21-2022
06:03 PM
- Mark as New
- Bookmark
- Subscribe
- Permalink
- Report Inappropriate Content
IMPORTANT: Do not file 2021 PA returns if you have clients that have "joint" capital gains on Schedule D....
PA Schedule D is not flowing from Federal 1099-B worksheet if "Joint" owner of account is selected (i.e. code J). Program is supposed to automatically transfer the capital gains to PA Schedule D for both the Taxpayer and Spouse and split the information evenly between the spouse and taxpayer on PA D TP and PA D SP.
What is really scary is that the capital gains don't show up anywhere on the PA return if you select joint owner on 1099-B worksheet.
ProSeries needs to send an alert out to its customers about this programming glitch. Also, this could be affecting other states.
Obviously, this works fine in the 2020 software, but it does not work in 2021.
Labels
This discussion has been locked.
No new contributions can be made. You may start a new discussion
here
1 Comment 1
rodney2000
Level 1
02-21-2022
06:24 PM
- Mark as New
- Bookmark
- Subscribe
- Permalink
- Report Inappropriate Content
**Applies to the Form 8949 Reporting Exception Transaction Section
