BrittanyS
Expert Alumni

Get your taxes done using TurboTax

The Commonwealth of Pennsylvania provides this on what type of information they consider taxable.  "Pennsylvania taxes eight classes of income: 

  1. compensation
  2. interest
  3. dividends
  4. net profits from the operation of a business, profession or farm
  5. net gains or income from the dispositions of property
  6. net gains or income from rents, royalties, patents and copyrights
  7. income derived through estates or trusts
  8. gambling and lottery winnings, including cash prizes from the Pennsylvania Lottery. 

Noncash prizes from the PA Lottery are not taxed. A loss in one class of income may not offset against income in another class, nor may gains or losses be carried backward or forward from year to year.

 

@rswelter 

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