How do I know if I need to make an adjustment? The form is asking me about all the gains/losses Cost basis adjustment due to Pennsylvania non-conformity? This was on the sale of stock; held for under one year.
Last year I didn't make any adjustments. The only confirmation I had to make was that there were gains and losses. This year the form asks me to make a choice:
1. The sale is Not taxable in PA
2. Asses was used for personal or business purposes.
3. The sale requires an adjustment to the basis of the asset.
Additionally it ties back to Federal wash sales and I have no idea what they mean.
