Vanessa A
Expert Alumni

State tax filing

No, you are not doing something wrong, PA does not allow one class of income to offset another class of income.  

 

In PA, basically a business loss just means that you are not including business income on your return for the year.  There is no carryforward allowed either. 

 

 

REMEMBER: You may not offset income in one PA income class with a loss in any other PA income class. You cannot carry forward or carry back gains or losses to other tax years. . You cannot carry forward or carry back gains or losses to other tax years PA 40 Instructions page 15

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