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