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12789: PA - 1120S / 1065 - Schedule D Part II or IV Blank


Pennsylvania

In Pennsylvania partnership and S corporation returns with an in-state or out-of-state capital gain (or loss), I expect to see data on the PA Schedule D, page 2, or Schedule D, page 4, but it's blank. Why? 


 

In-State Capital Gain or Loss

The PA Schedule D-II (PASCHD.PG2 in View/Print mode) remains blank unless both of the following conditions are met:

  • There is an in-state capital gain or loss, and
  •  On PA screen D2, a difference between the federal and PA schedules D is entered, and the federal screen is identified:

Out-of-State Capital Gain or Loss

The PA Schedule D-IV (PASCHD.PG4 in View) remains blank unless both of the following conditions are met:

  • There is an out-of-state capital gain or loss, and
  •  On PA screen D2, a difference between the federal and PA schedules D is entered, and the federal D screen is identified:

For more information, see the Instructions for Form PA-20S/PA-65.


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