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TT says that my rental loss is not able to be claimed on my PA tax return? Taxable income is $149,000
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posted
June 4, 2019
4:21 PM
last updated
June 04, 2019
4:21 PM
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TT says that my rental loss is not able to be claimed on my PA tax return? Taxable income is $149,000
PA does not allow a rental loss claim when you use schedule E; only for schedule C which is used by real estate agents.
https://www.doreservices.state.pa.us/eServices/padirect/sch_e.htm
June 4, 2019
4:21 PM
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TT says that my rental loss is not able to be claimed on my PA tax return? Taxable income is $149,000
PA does not allow losses on Schedule E , Schedule D or Schedule C to be used to offset other classes of income. Nor can the losses be carried forward or back. <a rel="nofollow" target="_blank" href="https://revenue-pa.custhelp.com/app/answers/detail/a_id/176/kw/loss%20of%20profit%20from%20business"...>
The losses must be reported on the PA 40 but will not effect the PA taxable income.
The losses must be reported on the PA 40 but will not effect the PA taxable income.
June 4, 2019
4:21 PM
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