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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!
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‎April 13, 2024
9:15 AM