Instructions For Pa-20s/pa 65 Schedule D - Sale, Exchange Or Disposition Of Property - 2012 Page 3
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2
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4
5
6Note.
Line 9
Pennsylvania gain (loss) for assets
On the PA-20S/PA-65
disposed. Enter the sum of the
Schedule D, the sum of Part
PA-Source Gain (Loss) on
aggregate difference on this line.
I, Line 4 and Part III, Line 4
Federal Non-Taxable Exchanges
Include any other difference in
will equal the amount reported on
on IRC Sections 1031 and 1033
gain, e.g., an installment sale, on
the PA-20S/PA-65 Schedule M, Part
Enter the Pennsylvania-source amount
this line, and itemize on PA-20S/PA-
A, Line 8, Column (a).
from federal Form 8824, like-kind
65 Schedule D-II. If there is no
exchanges. Pennsylvania does not
difference between Pennsylvania/
recognize like-kind exchanges under
Line 5
federal gain (loss) for assets
IRC Sections 1031 and 1033. Report
disposed, fill in the “blank” oval on
All Other PA-Source Net IRC §
federal deferred gain (loss) on this
PA-20S/PA-65 Schedule D-II.
1231 Gain (Loss) Reported on
line.
Federal Form 4797 not Listed
Above
Line 14
Line 10
Enter the amount reported on PA-
Net Adjustment to Arrive at PA-
20S/PA-65 Schedule M, Part A, Line
Total PA-Source Federal Gain
Source PIT Schedule D
10, Column (e) (Pennsylvania-source
(Loss) Reportable for PA PIT
Reportable Gain (Loss)
gain (loss) only).
Before Additional Classification
Enter the sum of Lines 12 and 13.
and/or Adjustments
Note.
On the PA-20S/PA-65
Enter the sum of Lines 8 and 9.
Schedule D, the sum of Part
Line 15
I, Line 5 and Part III, Line 5
PA-Source Partnership and PA S
Line 11
will equal the amount reported on
Corporation Gain (Loss) from
the PA-20S/PA-65 Schedule M, Part
PA-Source Adjustment for Gain
PA-20S/PA-65 Schedules RK-1
A, Line 10, Column (e).
(Loss) Reflected on Part A of
and NRK-1
Schedule M for Business
Enter the amount of Pennsylvania-
Line 6
Income (Loss) (Net Profits
source gain (loss) from pass through
from a Business, Profession or
entities.
All PA-Source Gain (Loss) from
Farm)
the Disposition of IRC § 179
Enter the amounts reported on PA-
Property
Line 16
20S/PA-65 Schedule M, Part A, Lines
Enter the amount reported on PA-
7 and 8, Column (b) (Pennsylvania-
Total PA-Source Schedule D Net
20S/PA-65 Schedule M, Part A, Line
source gain (loss) only).
Gain (Loss) from Property
9, Column (e) (Pennsylvania-source
within Pennsylvania for
gain or loss only).
Note.
If the proceeds from
Residents Only
assets sold have been
Enter the sum of Lines 14 and 15.
Note.
On the PA-20S/PA-65
reinvested back into the
Also enter this amount on the PA-
Schedule D, the sum of Part
business operations and the business
20S/PA-65 Information Return, Page
I, Line 6 and Part III, Line 6
has the same North American
1, Part III, Line 5b.
will equal the amount reported on
Industry Classification System code,
the PA-20S/PA-65 Schedule M, Part
then the gain (loss) should be
A, Line 9, Column (e).
Line 17
reflected as ordinary income.
PA-Source Adjustment for Gain
Line 7
(Loss) on Short-Term Portfolio
Line 12
Investments Not Used in
Capital Gains Distributions
PA-Source PA PIT Reportable
Working Capital for
Taxed as Dividends
Schedule D Gain (Loss) Before
Nonresidents Only
Enter the amounts reported on PA-
PA PIT Adjustments
Enter the amount of gain (loss) from
20S/PA-65 Schedule M, Part A, Lines
Enter the difference of Line 10 minus
the sale of intangible portfolio
7 and 8, Column (d).
Line 11.
investments. Obtain this number
from entity level books and records.
Line 8
Line 13
Total PA-Source Federal-
Line 18
Net or Aggregate PA-Source,
Realized and Recognized
PIT for Schedule D Gain (Loss)
Total PA-Source Schedule D Net
Reportable Gain (Loss) Before
from Transactions Requiring
Gain (Loss) from Property
Classification and/or
Adjustment for Pennsylvania/
within Pennsylvania for
Adjustment Amounts for
Federal Gain (Loss)
Nonresidents only
Pennsylvania Personal Income
Differences. Itemize in Part II
Enter the difference of Lines 16 and
Tax Purposes
of this Schedule.
17. Allocate this line to the PA-
Add Lines 1 through 6, minus Line 7.
Full detail must be provided on PA-
20S/PA-65 Schedules NRK-1 based
Enter the result on Line 8.
20S/PA-65 Schedule D-II when there
on percentage interest.
is a difference between federal and
Instructions for PA-20S/PA 65 Schedule D
- 3 -
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