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State tax filing
The amount listed on Federal Form 8949 is -1. The capital gain I realized (sales price - cost basis + depreciation = $X. That is the amount subject to tax on the federal form. On PA form 1555 the $X number is listed and then added to it is this Section 1202 number of 0.67*$X. It is this 0.67*X number that puzzles me as it seems I am being taxed more than once.
March 9, 2022
5:54 PM