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State tax filing
Maybe. Did the sale generate a taxable gain on your federal and/or NC returns? PA Nonresidents are subject to tax only on income from Pennsylvania sources.
Since nonresidents of PA are only taxed on their Pennsylvania-source income, only transactions displaying net gains and losses on tangible property located within Pennsylvania are required to be reported on PA Schedule D. Any gain reported on a PA-20S/PA-65 Schedule NRK-1 should be and is presumed to be Pennsylvania-source income.
If the sale did result in a gain, and you are therefore required to file a nonresident PA return - complete the PA return first so that any tax you may owe to PA gets credited on your NC resident return. How to file a nonresident return
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March 25, 2024
6:57 PM