Doing my PA State Taxes and Turbo Tax is saying that I have at least one gain or loss from the sale or exchange of property or a distribution from a Coverdell ESA.

[irishkoppy]

Not sure what to do.  I did see an entry on my 1099-B from my broker

[AmyC]

A 1099-B means that you sold something and have a gain or loss. Generally, your PA basis is the same as federal. However, there are times when it needs to be adjusted. 

PA revenue states in Net Gains (Losses) from the Sale, Exchange, or Disposition of Property:

There are many differences between the federal tax law treatment and Pennsylvania’s treatment of the gain or loss on the sale, exchange or disposition of property. Some of the differences include, but are not limited to: sales of business assets; IRC Section 338(h)(10) transactions; like-kind exchanges; wash sales; capital gains distributions; bona fide sales to related parties; and transactions related to fraudulent investment schemes. 

See also: 

PA Depreciation and Basis Adjustment for details.

Pass Through Entities - PA Department of Revenue

[kev103]

I have the same question about my PA taxes.  I need more information. I have no Coverdell accounts.

My 1099-B is from my broker for the sale of long term holdings from a bond fund, with a reported loss.  Purchases in the fund were made between 2014 through 2022. All shares in this fund were sold in 2024 for a loss. How do I answer the question regarding PA taxes?

[Vanessa A]

What is the exact wording of the question?

[kev103]

This is not helpful. It asks if taxable in PA. I answered YES after doing my own research.