Does PA tax stock gains. Previous years I have deducted $3000 from federal taxes as losses but PA does not allow deduction. Curious to know if gains are taxed?
Does PA tax stock gains. Previous years I have deducted $3000 from federal taxes as losses but PA does not allow deduction. Curious to know if gains are taxed?
Yes, PA does tax capital gains from stock, even though capital losses cannot be carried forward or used to offset any other type of income other than current year capital gains.
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