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New Member
posted Apr 23, 2020 6:53:42 PM

PA Schedule B Calculation of line 3.

PA Schedule B Calculation of line 3. Are qualified corporate dividends taxable or tex exempt?

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2 Replies
Level 9
May 9, 2020 1:30:33 PM


All corporate dividends , qualified or non-qualified, are taxable by PA.  Line 3 is referring to dividends that exempt from PA tax.  If you receive dividends from a mutual fund, and that fund derives income from investing in  federal debt obligations such as Treasury Notes or Bonds, that portion of the dividends is exempt from PA income tax.  Same holds true if the fund invests in PA sourced municipal bonds.

New Member
Oct 14, 2021 1:23:07 PM

Then why are they added back in on LIne 7?!?!?