JamesG1
Expert Alumni

Investors & landlords

This Pennsylvania Personal Income Tax Guide (page 3) states:

 

Pennsylvania does not allow an offset of loss against gain from one class of income to another......

 

So you are not allowed to offset wage income against a capital loss.

 

See also this TurboTax posting.

 

PA also does not allow you to offset other income with a capital loss. (Can't offset wages with capital loss).

So you report it, but if the total of all gains & losses is a negative, the loss does not effect your taxes.

 

@dsross-comcast-n 

**Say "Thanks" by clicking the thumb icon in a post
**Mark the post that answers your question by clicking on "Mark as Best Answer"