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Level 1
posted Feb 25, 2022 3:21:33 AM

pa state tax on dividends and cpital gains from a 1099 consolidated form?

i'm looking to see if the state of pa. taxes dividends and capital gains from a 2021 1099 consolidated  from. these dividends and capital gains were not distributed to me  as cash for 2021 but is left in the porfolio for futire use.....kozlo52

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1 Best answer
Expert Alumni
Feb 27, 2022 2:06:42 PM

Yes, Pennsylvania taxes dividends and capital gains.

 

Additionally, you should know that even if you leave your dividends and capital gains in the account to be re-invested that that is still money you made.  Re-investing the money is just how you spent it.  

2 Replies
Expert Alumni
Feb 27, 2022 2:06:42 PM

Yes, Pennsylvania taxes dividends and capital gains.

 

Additionally, you should know that even if you leave your dividends and capital gains in the account to be re-invested that that is still money you made.  Re-investing the money is just how you spent it.  

Level 1
Feb 28, 2022 10:58:14 PM

the reply by RobertB4444 did answer my question.....thank you