officer100PA
Returning Member

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.