- Mark as New
- Bookmark
- Subscribe
- Subscribe to RSS Feed
- Permalink
- Report Inappropriate Content
Get your taxes done using TurboTax
Pennsylvania does not allow for the carryover of losses from one tax year to another year. Losses can only be taken in the year that the taxable event occurs, and property must have been purchased for investment purposes (not personal use). Pennsylvania allow does not allow investment losses to be used against other classes of income, or to offset income between spouses. Here is a link to PA DOR information on this subject that may help you with further questions:
Net Gains (Losses) from the Sale, Exchange, or Disposition of Property
If this post has been helpful, please give it a thumbs up! Thanks for participating in our event!
**Say "Thanks" by clicking the thumb icon in a post
**Mark the post that answers your question by clicking on "Mark as Best Answer"
**Mark the post that answers your question by clicking on "Mark as Best Answer"
‎October 30, 2024
11:38 AM
2,702 Views