NYC124785
New Member

How to defer gain from section 1031 done on PA state return???

Hello,

 

I understand that PA finally conforms to Fed IRC 1031. But I cannot figure out how to report this and defer my gains on the PA-40 return. Is there a form? The gain is showing on Schedule D of the PA-40 and producing a recognized gain causing taxes payable. I looked at the form online and nowhere on the form does it mention like-kind exchanges or section 1031.

 

Can someone please help?! Much appreciated!