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Pennsylvania Free Printable 2023 PA Schedule D - Sale, Exchange or Disposition of Property Within Pennsylvania (PA-20S/PA-65 D) for 2024 Pennsylvania PA Schedule D - Sale, Exchange or Disposition of Property Within Pennsylvania

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PA Schedule D - Sale, Exchange or Disposition of Property Within Pennsylvania
2023 PA Schedule D - Sale, Exchange or Disposition of Property Within Pennsylvania (PA-20S/PA-65 D)

IMPORTANT: FILL IN FORM MUST BE DOWNLOADED ONTO YOUR COMPUTER PRIOR TO COMPLETING 2306410057 PA SCHEDULE D-I Sale, Exchange or Disposition of Property Within Pennsylvania PA-20S/PA-65 D (DR) MOD 04-23 (FI) PA Department of Revenue START 2023 OFFICIAL USE ONLY FEIN 9 DIGIT - NO DASH Name as shown on the PA-20S/PA-65 Information Return C ➜ Part I. Allocated gain (loss) from the Sale, Exchange or Disposition of Property within Pennsylvania. Enter whole dollars only. Amended Schedule If Part I is blank, fill in the oval Federal Realized and Recognized Gains (Losses): (If a loss, fill in oval) 1 All PA-source gain (loss) included in federal ordinary business income (loss) LOSS 1 and/or federal other income (loss) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 2 All PA-source gain (loss) included in ordinary net rental/royalty income (loss) from federal Form 8825 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 3 All PA-source net short-term capital gain (loss) from federal Schedule D . . . . . . . . . . . . . . . 4 All PA-source net long-term capital gain (loss) from federal Schedule D . . . . . . . . . . . . . . . . 5 All other PA-source net IRC Section 1231 gain (loss) reported on federal Form 4797 not listed above . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 6 All PA-source gain (loss) from the disposition of IRC Section 179 property . . . . . . . . . . . . . . LOSS LOSS LOSS LOSS LOSS 2 3 4 5 6 7 Capital gain distributions taxed as dividends . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 7 8 Total PA-source federal realized and recognized reportable gain (loss) before classification and/or adjustments for PA PIT purposes. Add Lines 1 through 6, minus Line 7 . . . . . . . . . . . . . . . . . 8 9 PA-source adjustment for gain (loss) reflected on Part I of Schedule M for business income (loss) (net profits from a business, profession, or farm) . . . . . . . . . . . . . . . . . . . . . . . . . . . 10 PA-source PIT reportable Schedule D gain (loss) before PA PIT adjustments (Line 8 minus Line 9) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 11 Net or aggregate PA-source PIT adjustments for Schedule D gain (loss) from transactions requiring adjustment for PA/federal gain (loss) differences. Itemize on Schedule D-II . . . . . . . . 12 Net adjustment to arrive at PA-source PIT Schedule D reportable gain (loss). Add Lines 10 and 11 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 13 PA-source partnership and PA S corp gain (loss) from PA Schedules RK-1 and NRK-1 . . . . . . 14 Total PA-source Schedule D net gain (loss) from property within PA for residents only. Add Lines 12 and 13. Enter this number on Page 1, Section III, Line 5b of the PA-20S/PA-65 . . . . 15 PA-source adjustment for gain (loss) on sale of short-term portfolio investments not used in working capital for nonresidents only . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 16 Total PA-source Schedule D net gain (loss) from property within PA for nonresidents only. (Line 14 minus Line 15). This line should be allocated to the NRK-1s based on percentage interest . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . LOSS LOSS LOSS LOSS LOSS LOSS If a loss, enter "0" 9 10 11 12 13 LOSS 14 LOSS 15 LOSS DOLLARS ONLY. NO CENTS. 16 Page 1 of 4 2306410057 Reset Entire Form TOP OF PAGE 2306410057 NEXT PAGE PRINT PA SCHEDULE D-II Sale, Exchange or Disposition of Property Within Pennsylvania PA-20S/PA-65 D (DR) MOD 04-23 (FI) PA Department of Revenue START 2306510054 2023 OFFICIAL USE ONLY Name as shown on the PA-20S/PA-65 Information Return FEIN 9 DIGIT - NO DASH ➜ C Part II. Sale, Exchange or Disposition of Property within Pennsylvania. If any of the federal gain (loss) transactions require adjustment, list each transaction and show the differences in federal gain (loss). The difference in PA/federal gain (loss) equals PA gain (loss) minus federal gain (loss). If the difference is negative, fill in the loss oval. Copy PA-20S/PA-65 Schedule D-II to list additional properties. Enter whole dollars only. Type of Property: R=Real P=Personal S=Security O=Other Intangible (not security) Amended Schedule 1 Type of Property If Part II is blank, fill in the oval Description of Property: Date acquired (MMDDYYYY) MM/DD/YYYY Cost or other PA basis PA allowed or allowable depreciation If a loss, enter "0" If a loss, enter "0" Date sold (MMDDYYYY) MM/DD/YYYY Gross sales price DOLLARS ONLY. NO CENTS. If a loss, enter "0" 2 Type of Property Difference in PA/Fed Gain (Loss) LOSS Description of Property: Date acquired (MMDDYYYY) MM/DD/YYYY PA allowed or allowable depreciation Cost or other PA basis If a loss, enter "0" If a loss, enter "0" Date sold (MMDDYYYY) MM/DD/YYYY Gross sales price DOLLARS ONLY. NO CENTS. If a loss, enter "0" 3 Type of Property Difference in PA/Fed Gain (Loss) LOSS Description of Property: Date acquired (MMDDYYYY) MM/DD/YYYY PA allowed or allowable depreciation Cost or other PA basis If a loss, enter "0" If a loss, enter "0" Date sold (MMDDYYYY) MM/DD/YYYY Gross sales price DOLLARS ONLY. NO CENTS. If a loss, enter "0" 4 Type of Property Difference in PA/Fed Gain (Loss) LOSS Description of Property: MM/DD/YYYY Date acquired (MMDDYYYY) PA allowed or allowable depreciation Cost or other PA basis If a loss, enter "0" Date sold (MMDDYYYY) MM/DD/YYYY Gross sales price DOLLARS ONLY. NO CENTS. If a loss, enter "0" 5 Type of Property If a loss, enter "0" Difference in PA/Fed Gain (Loss) LOSS Description of Property: Date acquired (MMDDYYYY) MM/DD/YYYY PA allowed or allowable depreciation Cost or other PA basis If a loss, enter "0" Date sold (MMDDYYYY) MM/DD/YYYY If a loss, enter "0" Gross sales price DOLLARS ONLY. NO CENTS. If a loss, enter "0" Difference in PA/Fed Gain (Loss) LOSS Page 2 of 4 2306510054 Reset Entire Form PREVIOUS PAGE 2306510054 NEXT PAGE PRINT PA SCHEDULE D-III Sale, Exchange or Disposition of Property Outside Pennsylvania PA-20S/PA-65 D (DR) MOD 04-23 (FI) PA Department of Revenue START 2306610052 2023 OFFICIAL USE ONLY Name as shown on the PA-20S/PA-65 Information Return FEIN 9 DIGIT - NO DASH C ➜ Part III. Allocated gain (loss) from the Sale, Exchange or Disposition of Property outside Pennsylvania. Amended Schedule Enter whole dollars only. If Part III is blank, fill in the oval (If a loss, Federal Realized and Recognized Gains (Losses): fill in oval) 1 All outside PA gain (loss) included in federal ordinary business income (loss) LOSS and/or federal other income (loss) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 1 2 All outside PA gain (loss) included in ordinary net rental/royalty income (loss) from federal Form 8825 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 3 All outside PA net short-term capital gain (loss) from federal Schedule D . . . . . . . . . . . . . . . 4 All outside PA net long-term capital gain (loss) from federal Schedule D . . . . . . . . . . . . . . . . 5 All other outside PA net IRC Section 1231 gain (loss) reported on federal Form 4797 not listed above . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 6 All outside PA gain (loss) from the disposition of IRC Section 179 property . . . . . . . . . . . . . . LOSS LOSS LOSS LOSS LOSS 7 Capital gain distributions taxed as dividends . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 8 Total federal realized and recognized outside PA-source reportable gain (loss) before classification and/or adjustments for PA PIT purposes. Add Lines 1 through 6, minus Line 7. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 9 Outside PA adjustment for gain (loss) reflected on Part I of Schedule M for business income (loss) (net profits from a business, profession, or farm) . . . . . . . . . . . . . . . . . . . . . . . . . . . 10 Outside PA PIT reportable Schedule D gain (loss) before PA PIT adjustments (Line 8 minus Line 9) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 3 4 5 6 7 If a loss, enter "0" 8 LOSS LOSS LOSS 12 Net adjustment to arrive at outside PA PIT Schedule D reportable gain (loss). Add Lines 10 and 11 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . LOSS 14 Total outside PA Schedule D net gain (loss) from property outside PA. Add Lines 12 and 13. Enter this number on Page 1, Section III, Line 5a of the PA-20S/PA-65 Information Return . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 2 LOSS 11 Net or aggregate outside PA PIT adjustments for Schedule D gain (loss) from transactions requiring adjustment for PA/federal gain (loss) differences. Itemize on Schedule D-IV . . . . . . . 13 Outside partnership and PA S corp gain (loss) from PA Schedules RK-1 and NRK-1 . . . . . . . . DOLLARS ONLY. NO CENTS. LOSS 9 10 11 12 13 LOSS 14 Page 3 of 4 2306610052 Reset Entire Form PREVIOUS PAGE 2306610052 NEXT PAGE PRINT PA SCHEDULE D-IV Sale, Exchange or Disposition of Property Outside Pennsylvania PA-20S/PA-65 D (DR) MOD 04-23 (FI) PA Department of Revenue START 2306710050 2023 OFFICIAL USE ONLY Name as shown on the PA-20S/PA-65 Information Return FEIN 9 DIGIT - NO DASH ➜ C Part IV. Sale, Exchange or Disposition of Property outside Pennsylvania. If any of the federal gain (loss) transactions require adjustment, list each transaction and show the differences in federal gain (loss). The difference in PA/federal gain (loss) equals PA gain (loss) minus federal gain (loss). If the difference is negative, fill in the loss oval. Copy PA-20S/PA-65 Schedule D-IV to list additional properties. Enter whole dollars only. Type of Property: R=Real P=Personal S=Security O=Other Intangible (not security) 1 Type of Property Amended Schedule Description of Property: Date acquired (MMDDYYYY) MM/DD/YYYY If Part IV is blank, fill in the oval PA allowed or allowable depreciation Cost or other PA basis If a loss, enter "0" Date sold MM/DD/YYYY (MMDDYYYY) Gross sales price DOLLARS ONLY. NO CENTS. If a loss, enter "0" 2 Type of Property If a loss, enter "0" Difference in PA/Fed Gain (Loss) LOSS Description of Property: Date acquired (MMDDYYYY) MM/DD/YYYY PA allowed or allowable depreciation Cost or other PA basis If a loss, enter "0" Date sold (MMDDYYYY) MM/DD/YYYY Gross sales price DOLLARS ONLY. NO CENTS. If a loss, enter "0" 3 Type of Property If a loss, enter "0" Difference in PA/Fed Gain (Loss) LOSS Description of Property: Date acquired (MMDDYYYY) MM/DD/YYYY PA allowed or allowable depreciation Cost or other PA basis If a loss, enter "0" Date sold (MMDDYYYY) MM/DD/YYYY Gross sales price DOLLARS ONLY. NO CENTS. If a loss, enter "0" 4 Type of Property If a loss, enter "0" Difference in PA/Fed Gain (Loss) LOSS Description of Property: Date acquired (MMDDYYYY) MM/DD/YYYY PA allowed or allowable depreciation Cost or other PA basis If a loss, enter "0" Date sold (MMDDYYYY) MM/DD/YYYY Gross sales price DOLLARS ONLY. NO CENTS. If a loss, enter "0" 5 Type of Property If a loss, enter "0" Difference in PA/Fed Gain (Loss) LOSS Description of Property: Date acquired (MMDDYYYY) MM/DD/YYYY PA allowed or allowable depreciation Cost or other PA basis If a loss, enter "0" Date sold (MMDDYYYY) MM/DD/YYYY If a loss, enter "0" Gross sales price DOLLARS ONLY. NO CENTS. Difference in PA/Fed Gain (Loss) LOSS If a loss, enter "0" Page 4 of 4 2306710050 Reset Entire Form PREVIOUS PAGE 2306710050 NEXT PAGE PRINT 2023 Instructions for PA-20S/PA-65 Schedule D PA-20S/PA-65 D IN (DR) 04-23 WHAT’S NEW Effective for transactions on or after January 1, 2023 Pennsylvania conforms to the federal tax treatment of deferring gains (loss) on like-kind exchanges under IRC §1031. GENERAL INFORMATION PURPOSE OF SCHEDULE PA S corporations, partnerships or limited liability companies classified as partnerships or PA S corporations for federal income tax purposes use PA-20S/PA-65 Schedule D to report the allocated gain (loss) from the sale, exchange or disposition of property within and outside of Pennsylvania. Sale, Exchange or Disposition of Property companies as dividend income on the partner’s/shareholder’s (owner’s) personal income tax return. ● Adjusted Basis - The entity determines the basis of real, personal, tangible and intangible property it acquired on or after June 1, 1971, on the date of acquisition. The entity must adjust the basis of property it acquired before June 1, 1971, to reflect the property’s value on that date. For determining a gain, the basis of such property is the greater of (1) the property’s cost or other basis, as adjusted, or (2) the property’s fair market value on June 1, 1971. For determining a loss, the basis of such property is the cost or other basis, as adjusted, without reference to its fair market value on June 1, 1971. For instructions on how to determine the basis of assets acquired on or before June 1, 1971, obtain REV-1742, Gain or Loss on Property Acquired Prior to June 1, 1971, PA Schedule D-71. NET GAIN (LOSS) FROM THE SALE, EXCHANGE OR DISPOSITION OF PROPERTY Entities must report the sale, exchange or disposition of capital assets and gains on the distribution of appreciated assets to its partners, members and shareholders (owners). The entity must report the gain on the sale, exchange or disposition of property to its owners in the year in which the amount realized from the conversion of the property into cash or other property exceeds the adjusted basis of the property. A loss is recognized only on transactions the PA S corporation or partnership entered into for profit and only in the taxable year in which the transaction, in respect to which loss is claimed, is closed and completed by an identifiable event that fixes the amount of the loss so there is no possibility of eventual recoupment. NOTE: You classify gains and losses as net profits for Pennsylvania if you reinvest the funds in the same line of business within the same entity. You reinvest funds in the same line of business within the same entity only if you use the funds to acquire like-kind property used in the same business, profession, or farm. “Like-kind property” refers to the nature, character and/or class of property, not its condition or quality. “Line of business” is defined by the North American Industry Classification System (NAICS) code. If you do not reinvest the funds in the same line of business, then you must report the gains and losses on PA Schedule D. IMPORTANT: Include the sales, exchanges or dispositions of inventories and/or stock-in-trade in determining net business income (loss). Refer to the PA Personal Income Tax Guide for specific rules related to Net Gains or Losses From the Sale, Exchange or Disposition of Property. Use this schedule to report net gain (loss) derived from the sale, exchange or disposition of property, including real property, tangible personal property, intangible personal property or obligations issued on or after the effective date of this amendatory act by the commonwealth; any public authority, commission, board or other agency created by the commonwealth; any political subdivision of the commonwealth or any public authority created by any such political subdivision; or by the federal government as determined in accordance with accepted accounting principles and practices. The determination of whether gains are classified as incurred in the ordinary course of operations of the business, profession or qualified activity are not determined based on the character of the federal income. As an example, ordinary income recapture is not automatically classified as incurred in the ordinary course of operations of the business, profession or qualified activity. Amounts from federal Schedule D and other federal forms may not be accurate for Pennsylvania personal income tax purposes. Other issues that the PA S corporation or partnership must consider: ● Pennsylvania law recognizes capital gain distributions from mutual funds and other regulated investment Likewise, as to the long-term and short-term federal classification as Schedule D gain: ● Aggregate federal gain (loss) from operations other than real estate is first aggregated and then classified for Pennsylvania personal income tax purposes as either Schedule D gain (loss) or net profit (loss). ● All aggregate federal gain (loss) that is not classified as net profits and reported on PA-20S/PA-65 Schedule M, Part I are adjusted for Pennsylvania/federal differences on the PA-20S/PA-65 Schedule D-I and PA-20S/PA-65 Schedule D-III. www.revenue.pa.gov PREVIOUS PAGE PA-20S/PA-65 D NEXT PAGE PRINT 1 ● Gains from the disposal of IRC §179 property reported on the federal Schedule K-1 should be addressed on PA-20S/PA-65 Schedule D-I and/or PA-20S/PA-65 Schedule D-III, Line 6. ● Net IRC §1231 gain (loss) from federal Form 4797 is reported on PA-20S/PA-65 Schedule M and/or PA-20S/ PA-65 Schedule D. If IRC §1231 gain (loss) is classified as PA-20S/PA-65 Schedule D gain, it is included in PA-20S/PA-65 Schedule D-I and/or PA-20S/PA-65 Schedule D-III and reported on Line 5. PA-20S/PA-65 Schedule D-I and PA-20S/PA-65 Schedule D-III also includes any other sales not included above. If IRC §1231 gain (loss) is classified to net profits from a business, it is included in PA-20S/PA-65 Schedule M, Part I. COMPLETING PA SCHEDULE D-I ALLOCATED GAIN (LOSS) FROM THE SALE, EXCHANGE OR DISPOSITION OF PROPERTY WITHIN PENNSYLVANIA In Part I, enter the allocated gain (loss) from the sale, exchange or disposition of property within Pennsylvania. NOTE: The gain or loss from the sale or disposition of an intangible asset is not PA source for nonresidents unless the intangible personal property is employed in a Pennsylvania going concern. See PIT Bulletin 2005-02. Any PA source gain or loss is reported on PA-20S/PA-65 Schedule D-I, Sale, Exchange or Disposition of Property Within Pennsylvania. BUSINESS NAME Enter the complete name of the entity or business as shown on the PA-20S/PA-65 Information Return. FEIN Enter the nine-digit federal employer identification number (FEIN) of the entity or business as shown on the PA-20S/ PA-65 Information Return. FILL IN THE APPLICABLE OVALS AMENDED SCHEDULE If this is an amended schedule, fill in the oval. IF PART I IS BLANK If there is no PA source gain (loss) on the PA-20S/PA-65 Information Return, then PA Schedule D-I should be blank. Fill in the oval. LINE INSTRUCTIONS LINE 1 ALL PA SOURCE GAIN (LOSS) INCLUDED IN FEDERAL ORDINARY BUSINESS INCOME (LOSS) AND/OR FEDERAL OTHER INCOME (LOSS) Enter the amount reported on PA-20S/PA-65 Schedule M, Part I, Line 1 and Line 11, Column (e) (PA source gain (loss) only). NOTE: On the PA-20S/PA-65 Schedule D, the sum of Part I, Line 1 and Part III, Line 1 will equal the amount reported on PA-20S/PA-65 Schedule M, Part I, Line 1 and 2 Line 11, Column (e). Enter the gain (loss) amount on the disposition of assets in which the proceeds were not reinvested in similar property used in the same kind of business. Enter IRC §1256 income (loss) from the federal Schedule K, Line 11 (federal Form 1065) or Line 10 (federal Form 1120S) without any adjustment for Pennsylvania personal income tax purposes. LINE 2 ALL PA SOURCE GAIN (LOSS) INCLUDED IN ORDINARY NET RENTAL/ROYALTY INCOME (LOSS) FROM FEDERAL FORM 8825 Enter the amounts reported on PA-20S/PA-65 Schedule M, Part I, Lines 2, 3, and 6, Column (e) (PA source gain (loss) only). NOTE: On the PA-20S/PA-65 Schedule D, the sum of Part I, Line 2 and Part III, Line 2 will equal the amount reported on PA-20S/PA-65 Schedule M, Part I, Lines 2, 3 and 6, Column (e). LINE 3 ALL PA SOURCE NET SHORT-TERM CAPITAL GAIN (LOSS) FROM FEDERAL SCHEDULE D Enter the amount reported on PA-20S/PA-65 Schedule M, Part I, Line 7, Column (a) (PA source gain (loss) only). NOTE: On the PA-20S/PA-65 Schedule D, the sum of Part I, Line 3 and Part III, Line 3 will equal the amount reported on the PA-20S/PA-65 Schedule M, Part I, Line 7, Column (a). LINE 4 ALL PA SOURCE NET LONG-TERM CAPITAL GAIN (LOSS) FROM FEDERAL SCHEDULE D Enter the amount reported on PA-20S/PA-65 Schedule M, Part I, Line 8, Column (a) (PA source gain (loss) only). NOTE: On the PA-20S/PA-65 Schedule D, the sum of Part I, Line 4 and Part III, Line 4 will equal the amount reported on the PA-20S/PA-65 Schedule M, Part I, Line 8, Column (a). LINE 5 ALL OTHER PA SOURCE NET IRC §1231 GAIN (LOSS) REPORTED ON FEDERAL FORM 4797 NOT LISTED ABOVE Enter the amount reported on PA-20S/PA-65 Schedule M, Part I, Line 10, Column (e) (PA source gain (loss) only). NOTE: On the PA-20S/PA-65 Schedule D, the sum of Part I, Line 5 and Part III, Line 5 will equal the amount reported on the PA-20S/PA-65 Schedule M, Part I, Line 10, Column (e). LINE 6 ALL PA SOURCE GAIN (LOSS) FROM THE DISPOSITION OF IRC §179 PROPERTY Enter the amount reported on PA-20S/PA-65 Schedule M, Part I, Line 9, Column (e) (PA source gain or loss only). PA-20S/PA-65 D PREVIOUS PAGE www.revenue.pa.gov NEXT PAGE PRINT NOTE: On the PA-20S/PA-65 Schedule D, the sum of Part I, Line 6 and Part III, Line 6 will equal the amount reported on the PA-20S/PA-65 Schedule M, Part I, Line 9, Column (e). LINE 7 CAPITAL GAIN DISTRIBUTIONS TAXED AS DIVIDENDS Enter the amounts reported on PA-20S/PA-65 Schedule M, Part I, Lines 7 and 8, Column (d). LINE 8 TOTAL PA SOURCE FEDERAL REALIZED AND RECOGNIZED REPORTABLE GAIN (LOSS) BEFORE CLASSIFICATION AND/OR ADJUSTMENTS FOR PA PIT PURPOSES Add Lines 1 through 6, minus Line 7. Enter the result on Line 8. LINE 9 PA SOURCE ADJUSTMENT FOR GAIN (LOSS) REFLECTED ON PART I OF SCHEDULE M FOR BUSINESS INCOME (LOSS) (NET PROFITS FROM A BUSINESS, PROFESSION OR FARM) Enter the amounts reported on PA-20S/PA-65 Schedule M, Part I, Lines 7 and 8, Column (b) (PA source gain (loss) only). NOTE: If you reinvest the proceeds from assets sold in the same line of business within the same entity, you classify the gains or losses as net profits for Pennsylvania. The same “line of business” is defined by the North American Industry Classification System (NAICS) code. LINE 10 PA SOURCE PA PIT REPORTABLE SCHEDULE D GAIN (LOSS) BEFORE PA PIT ADJUSTMENTS Enter the difference of Line 8 minus Line 9. LINE 11 NET OR AGGREGATE PA SOURCE, PIT ADJUSTMENT FOR SCHEDULE D GAIN (LOSS) FROM TRANSACTIONS REQUIRING ADJUSTMENT FOR PA/FEDERAL GAIN (LOSS) DIFFERENCES. ITEMIZE IN PART II OF THIS SCHEDULE. Full detail must be provided on PA-20S/PA-65 Schedule D-II when there is a difference between federal and Pennsylvania gain (loss) for assets disposed. Enter the sum of the aggregate difference on this line. Include any other difference in gain (e.g., an installment sale) on this line, and itemize on PA-20S/PA-65 Schedule D-II. If there is no difference between Pennsylvania/federal gain (loss) for assets disposed, fill in the “blank” oval on PA-20S/PA-65 Schedule D-II. Assets on which federal bonus depreciation was taken and disposed in the current year may have a difference between federal and Pennsylvania gain (loss). LINE 12 NET ADJUSTMENT TO ARRIVE AT PA SOURCE PIT SCHEDULE D REPORTABLE GAIN (LOSS) Enter the sum of Lines 10 and 11. LINE 13 PA SOURCE PARTNERSHIP AND PA S CORP GAIN (LOSS) FROM PA-20S/PA-65 SCHEDULES RK-1 AND NRK-1 Enter the amount of PA source gain (loss) from pass through entities. LINE 14 TOTAL PA SOURCE SCHEDULE D NET GAIN (LOSS) FROM PROPERTY WITHIN PENNSYLVANIA FOR RESIDENTS ONLY Enter the sum of Lines 12 and 13. Also enter this amount on the PA-20S/PA-65 Information Return, Page 1, Section III, Line 5b. LINE 15 PA SOURCE ADJUSTMENT FOR GAIN (LOSS) ON SALE OF SHORT-TERM PORTFOLIO INVESTMENTS NOT USED IN WORKING CAPITAL FOR NONRESIDENTS ONLY Enter the amount of gain (loss) from the sale of intangible portfolio investments. Obtain this number from entity level books and records. LINE 16 TOTAL PA SOURCE SCHEDULE D NET GAIN (LOSS) FROM PROPERTY WITHIN PENNSYLVANIA FOR NONRESIDENTS ONLY Enter the difference of Lines 14 and 15. Allocate this line to the PA-20S/PA-65 Schedules NRK-1 based on percentage interest. COMPLETING PA SCHEDULE D-II Copy PA-20S/PA-65 Schedule D-II to list additional properties. SALE, EXCHANGE OR DISPOSITION OF PROPERTY WITHIN PENNSYLVANIA On PA-20S/PA-65 Schedule D-II, enter the allocated gain (loss) from the sale, exchange or disposition of property within Pennsylvania, included on federal Schedule K line amounts. BUSINESS NAME Enter the complete name of the entity or business as shown on the PA-20S/PA-65 Information Return. FEIN Enter the nine-digit federal employer identification number (FEIN) of the entity or business as shown on the PA-20S/ PA-65 Information Return. www.revenue.pa.gov PREVIOUS PAGE PA-20S/PA-65 D NEXT PAGE PRINT 3 FILL IN THE APPLICABLE OVALS AMENDED SCHEDULE If this is an amended schedule, fill in the oval. IF PART II IS BLANK If there is no difference in the gain (loss) on the federal return and the gain (loss) on the PA-20S/PA-65 Information Return, PA Schedule D-II should be blank. Fill in the oval. LINE INSTRUCTIONS LINES 1 THROUGH 5 TYPE OF PROPERTY Enter one of the following codes for type of property and include a description of the property: R = Real S = Security P = Personal O = Other Intangible (not security) DATE ACQUIRED Enter the date (MMDDYYYY) the property was acquired. DATE SOLD Enter the date (MMDDYYYY) the property was sold. PA ALLOWED OR ALLOWABLE DEPRECIATION Enter your Pennsylvania allowed or allowable depreciation from your books and records. GROSS SALES PRICE Enter the gross sales price of the property. COST OR OTHER PA BASIS Enter your cost or other Pennsylvania basis from your books and records. DIFFERENCE IN PA/FEDERAL GAIN (LOSS) The entity must take the gross sales price, less cost or other Pennsylvania basis, less Pennsylvania allowed or allowable depreciation, to obtain the Pennsylvania gain (loss). Pennsylvania gain (loss) minus federal gain (loss) equals the difference between Pennsylvania/federal gain (loss). If any of the federal gain (loss) transactions require adjustment, list each transaction and show the differences in federal gain (loss). If the difference is negative, fill in the “loss” oval. The sum of all differences in Pennsylvania/federal gain (loss) fields must equal the amount reported on the PA-20S/ PA-65 Schedule D-I, Line 13. COMPLETING PA SCHEDULE D-III ALLOCATED GAIN (LOSS) FROM THE SALE, EXCHANGE OR DISPOSITION OF PROPERTY OUTSIDE PENNSYLVANIA On PA-20S/PA-65 Schedule D-III, enter the allocated gain (loss) from sale, exchange or disposition of property outside Pennsylvania. NOTE: The gain or loss from the sale or disposition of an intangible asset is not PA source for nonresidents unless the intangible personal property is employed in a Pennsylvania going concern. See PIT Bulletin 2005-02. Any 4 non-PA source gain or loss is reported on PA-20S/PA-65 Schedule D-III, Sale, Exchange or Disposition of Property Outside Pennsylvania. BUSINESS NAME Enter the complete name of the entity or business as shown on the PA-20S/PA-65 Information Return. FEIN Enter the nine-digit federal employer identification number (FEIN) of the entity or business as shown on the PA-20S/ PA-65 Information Return. FILL IN THE APPLICABLE OVALS AMENDED SCHEDULE If this is an amended schedule, fill in the oval. IF PART III IS BLANK If there is no outside PA gain (loss) on the PA-20S/PA-65 Information Return then PA Schedule D-III should be blank. Fill in the oval. LINE INSTRUCTIONS LINE 1 ALL OUTSIDE PA GAIN (LOSS) INCLUDED IN FEDERAL ORDINARY BUSINESS INCOME (LOSS) AND/OR FEDERAL OTHER INCOME (LOSS) Enter the amount reported on PA-20S/PA-65 Schedule M, Part I, Line 1 and Line 11, Column (e) (Outside Pennsylvania gain (loss) only). NOTE: On the PA-20S/PA-65 Schedule D, the sum of Part I, Line 1 and Part III, Line 1 will equal the amount reported on PA-20S/PA-65 Schedule M, Part I, Line 1 and Line 11, Column (e). Enter the gain (loss) amount on the disposition of assets in which the proceeds were not reinvested in similar property used in the same kind of business. Enter IRC § 1256 income (loss) from the federal Schedule K, Line 11 (federal Form 1065) or Line 10 (federal Form 1120S) without any adjustment for Pennsylvania personal income tax purposes. LINE 2 ALL OUTSIDE PA GAIN (LOSS) INCLUDED IN ORDINARY NET RENTAL/ROYALTY INCOME (LOSS) FROM FEDERAL FORM 8825 Enter the amounts reported on PA-20S/PA-65 Schedule M, Part I, Lines 2, 3, and 6, Column (e) (Outside Pennsylvania gain (loss) only). NOTE: On the PA-20S/PA-65 Schedule D, the sum of Part I, Line 2 and Part III, Line 2 will equal the amounts reported on PA-20S/PA-65 Schedule M, Part I, Lines 2, 3 and 6, Column (e). PA-20S/PA-65 D PREVIOUS PAGE www.revenue.pa.gov NEXT PAGE PRINT LINE 3 LINE 9 ALL OUTSIDE PA NET SHORT-TERM CAPITAL GAIN (LOSS) FROM FEDERAL SCHEDULE D Enter the amount reported on PA-20S/PA-65 Schedule M, Part I, Line 7, Column (a) (Outside Pennsylvania gain (loss) only). OUTSIDE PA ADJUSTMENT FOR GAIN (LOSS) REFLECTED ON PART I OF SCHEDULE M, FOR BUSINESS INCOME (LOSS) (NET PROFITS FROM A BUSINESS, PROFESSION OR FARM) Enter the amounts reported on PA-20S/PA-65 Schedule M, Part I, Lines 7 and 8, Column (b) (Outside Pennsylvania gain (loss) only). NOTE: On the PA-20S/PA-65 Schedule D, the sum of Part I, Line 3 and Part III, Line 3 will equal the amount reported on the PA-20S/PA-65 Schedule M, Part I, Line 7, Column (a). LINE 4 ALL OUTSIDE PA NET LONG-TERM CAPITAL GAIN (LOSS) FROM FEDERAL SCHEDULE D Enter the amount reported on PA-20S/PA-65 Schedule M, Part I, Line 8, Column (a) (Outside Pennsylvania gain (loss) only). NOTE: On the PA-20S/PA-65 Schedule D, the sum of Part I, Line 4 and Part III, Line 4 will equal the amount reported on the PA-20S/PA-65 Schedule M, Part I, Line 8, Column (a). LINE 5 ALL OTHER OUTSIDE PA NET IRC §1231 GAIN (LOSS) REPORTED ON FEDERAL FORM 4797 NOT LISTED ABOVE Enter the amount reported on PA-20S/PA-65 Schedule M, Part I, Line 10, Column (e) (Outside Pennsylvania gain (loss) only). NOTE: On the PA-20S/PA-65 Schedule D, the sum of Part I, Line 5 and Part III, Line 5 will equal the amount reported on the PA-20S/PA-65 Schedule M, Part I, Line 10, Column (e). LINE 6 NOTE: If you reinvest the proceeds from assets sold in the same line of business within the same entity, you classify the gains or losses as net profits for Pennsylvania. The same “line of business” is defined by the North American Industry Classification System (NAICS) code. LINE 10 OUTSIDE PA PIT REPORTABLE SCHEDULE D GAIN (LOSS) BEFORE PA PIT ADJUSTMENTS Enter the difference of Line 8 minus Line 9. LINE 11 NET OR AGGREGATE OUTSIDE PA PIT ADJUSTMENTS FOR SCHEDULE D GAIN (LOSS) FROM TRANSACTIONS REQUIRING ADJUSTMENT FOR PA/FEDERAL GAIN (LOSS) DIFFERENCES. ITEMIZE IN PART IV OF THIS SCHEDULE Full detail must be provided on PA-20S/PA-65 Schedule D-IV when there is a difference between federal and PA gain (loss) for assets disposed. Enter the sum of the aggregate difference on this line. Include any other difference in gain, e.g., an installment sale, on this line, and itemize on PA-20S/ PA-65 Schedule D-IV. If there is no difference between Pennsylvania/federal gain (loss) for assets disposed, fill in the “blank” oval on PA-20S/PA-65 Schedule D-IV. ALL OUTSIDE PA GAIN (LOSS) FROM THE DISPOSITION OF IRC §179 PROPERTY Enter the amount reported on PA-20S/PA-65 Schedule M, Part I, Line 9, Column (e) (Outside Pennsylvania gain (loss) only). Assets on which federal bonus depreciation was taken and disposed in the current year may have a difference between federal and Pennsylvania gain (loss). NOTE: On the PA-20S/PA-65 Schedule D, the sum of Part I, Line 6 and Part III, Line 6 will equal the amount reported on the PA-20S/PA-65 Schedule M, Part I, Line 9, Column (e). NET ADJUSTMENT TO ARRIVE AT OUTSIDE PA PIT SCHEDULE D REPORTABLE GAIN (LOSS) Enter the sum of Lines 10 and 11. LINE 7 CAPITAL GAIN DISTRIBUTIONS TAXED AS DIVIDENDS Enter the amounts reported on PA-20S/PA-65 Schedule M, Part I, Lines 7 and 8, Column (d). LINE 8 TOTAL FEDERAL REALIZED AND RECOGNIZED OUTSIDE PA SOURCE REPORTABLE GAIN (LOSS) BEFORE CLASSIFICATION AND/OR ADJUSTMENTS FOR PA PIT PURPOSES Add Lines 1 through 6, minus Line 7. Enter the result on Line 8. LINE 12 LINE 13 OUTSIDE PARTNERSHIP AND PA S CORP GAIN (LOSS) FROM PA-20S/PA-65 SCHEDULES RK-1 AND NRK-1 Enter the amount of outside Pennsylvania gain (loss) from pass through entities. LINE 14 TOTAL OUTSIDE PA-20S/PA-65 SCHEDULE D NET GAIN (LOSS) FROM PROPERTY OUTSIDE PA Enter the sum of Lines 12 and 13. Also enter this amount on the PA-20S/PA-65 Information Return, Section III, Line 5a. www.revenue.pa.gov PREVIOUS PAGE PA-20S/PA-65 D NEXT PAGE PRINT 5 COMPLETING PA SCHEDULE D-IV Copy PA-20S/PA-65 Schedule D-IV to list additional properties. SALE, EXCHANGE OR DISPOSITION OF PROPERTY OUTSIDE PENNSYLVANIA On PA-20S/PA-65 Schedule D-IV, enter the allocated gain (loss) from the sale, exchange or disposition of property outside Pennsylvania, as included on federal Schedule K line amounts. DATE ACQUIRED Enter the date (MMDDYYYY) the property was acquired. DATE SOLD Enter the date (MMDDYYYY) the property was sold. PA ALLOWED OR ALLOWABLE DEPRECIATION Enter your Pennsylvania allowed or allowable depreciation from your books and records. GROSS SALES PRICE Enter the gross sales price of the property. BUSINESS NAME Enter the complete name of the entity or business as shown on the PA-20S/PA-65 Information Return. COST OR OTHER PA BASIS Enter your cost or other Pennsylvania basis from your books and records. FEIN Enter the nine-digit federal employer identification number (FEIN) of the entity or business as shown on the PA-20S/ PA-65 Information Return. DIFFERENCE IN PA/FEDERAL GAIN (LOSS) The entity must take the gross sales price, less cost or other Pennsylvania basis, less Pennsylvania allowed or allowable depreciation, to obtain the Pennsylvania gain (loss). FILL IN THE APPLICABLE OVALS Pennsylvania gain (loss) minus federal gain (loss) equals the difference between Pennsylvania/federal gain (loss). AMENDED SCHEDULE If this is an amended schedule, fill in the oval. IF PART IV IS BLANK If there is no difference in the gain (loss) on the federal return and the gain (loss) on the PA-20S/PA-65 Information Return then PA Schedule D-IV is blank. Fill in the oval. LINE INSTRUCTIONS If any of the federal gain (loss) transactions require adjustment, list each transaction and show the differences in federal gain (loss). If the difference is negative, fill in the “loss” oval. The sum of all differences in Pennsylvania/federal gain (loss) fields must equal the amount reported on the PA-20S/ PA-65 Schedule D-III, Line 11. LINES 1 THROUGH 5 Enter one of the following codes for type of property and include a description of the property: R = Real S = Security P = Personal O = Other Intangible (not security) 6 PA-20S/PA-65 D PREVIOUS PAGE www.revenue.pa.gov RETURN TO PAGE 1 PRINT
Extracted from PDF file 2023-pennsylvania-form-pa-20s-pa-65-d.pdf, last modified June 2012

More about the Pennsylvania Form PA-20S-PA-65 D Corporate Income Tax TY 2023

We last updated the PA Schedule D - Sale, Exchange or Disposition of Property Within Pennsylvania in January 2024, so this is the latest version of Form PA-20S-PA-65 D, fully updated for tax year 2023. You can download or print current or past-year PDFs of Form PA-20S-PA-65 D directly from TaxFormFinder. You can print other Pennsylvania tax forms here.

Related Pennsylvania Corporate Income Tax Forms:

TaxFormFinder has an additional 174 Pennsylvania income tax forms that you may need, plus all federal income tax forms. These related forms may also be needed with the Pennsylvania Form PA-20S-PA-65 D.

Form Code Form Name
Form PA-20S-PA-65 S Corporation/Partnership Information Return (PA-20S/PA-65)
Form PA-20S-PA-65 NRK-1 PA Schedule NRK-1 - Nonresident Schedule of Shareholder/Partner/Beneficiary Pass Through Income, Loss and Credits
Form PA-20S-PA-65 Directory PA-20S/PA-65 Directory - Partner/Member/Shareholder
Form PA-20S-PA-65 M PA Schedule M - Reconciliation of Federal-Taxable Income (Loss) to PA-Taxable Income (Loss)
Form PA-20S-PA-65 J PA Schedule J - Income from Estates or Trusts
Form PA-20S-PA-65 RK-1 PA Schedule RK-1 - Resident Schedule of Shareholder/Partner/Beneficiary Pass Through Income, Loss and Credits
Form PA-20S-PA-65 NW PA Schedule NW - Nonresident Withholding Payments PA S Corporations and Partnerships
Form PA-20S-PA-65 B PA Schedule B - Dividend and Capital Gains Income
Form PA-20S-PA-65 E PA Schedule E - Rent and Royalty Income (Loss)
Form PA-20S-PA-65 H-Corp PA Schedule H-Corp - Corporate Partner Apportioned Business Income (Loss)

Download all PA tax forms View all 175 Pennsylvania Income Tax Forms


Form Sources:

Pennsylvania usually releases forms for the current tax year between January and April. We last updated Pennsylvania Form PA-20S-PA-65 D from the Department of Revenue in January 2024.

Show Sources >

About the Corporate Income Tax

The IRS and most states require corporations to file an income tax return, with the exact filing requirements depending on the type of company.

Sole proprietorships or disregarded entities like LLCs are filed on Schedule C (or the state equivalent) of the owner's personal income tax return, flow-through entities like S Corporations or Partnerships are generally required to file an informational return equivilent to the IRS Form 1120S or Form 1065, and full corporations must file the equivalent of federal Form 1120 (and, unlike flow-through corporations, are often subject to a corporate tax liability).

Additional forms are available for a wide variety of specific entities and transactions including fiduciaries, nonprofits, and companies involved in other specific types of business.

Historical Past-Year Versions of Pennsylvania Form PA-20S-PA-65 D

We have a total of thirteen past-year versions of Form PA-20S-PA-65 D in the TaxFormFinder archives, including for the previous tax year. Download past year versions of this tax form as PDFs here:


2023 Form PA-20S-PA-65 D

2023 PA Schedule D - Sale, Exchange or Disposition of Property Within Pennsylvania (PA-20S/PA-65 D)

2022 Form PA-20S-PA-65 D

2022 PA Schedule D - Sale, Exchange or Disposition of Property Within Pennsylvania (PA-20S/PA-65 D)

2021 Form PA-20S-PA-65 D

2021 PA Schedule D - Sale, Exchange or Disposition of Property Within Pennsylvania (PA-20S/PA-65D)

2020 Form PA-20S-PA-65 D

2020 PA Schedule D - Sale, Exchange or Disposition of Property Within Pennsylvania (PA-20S/PA-65 D)

2019 Form PA-20S-PA-65 D

2019 PA Schedule D - Sale, Exchange or Disposition of Property Within Pennsylvania (PA-20S/PA-65 D)

2018 Form PA-20S-PA-65 D

2018 PA Schedule D - Sale, Exchange or Disposition of Property Within Pennsylvania (PA-20S/PA-65 D)

2017 Form PA-20S-PA-65 D

2017 PA Schedule D - Sale, Exchange or Disposition of Property Within Pennsylvania (PA-20S/PA-65 D)

2016 Form PA-20S-PA-65 D

2016 PA Schedule D - Sale, Exchange or Disposition of Property Within Pennsylvania (PA-20S/PA-65 D)

Forms/Publications 2015 Form PA-20S-PA-65 D

2015 PA Schedule D - Sale, Exchange or Disposition of Property Within Pennsylvania (PA-20S/PA-65 D)

Forms/Publications 2014 Form PA-20S-PA-65 D

2014 PA Schedule D - Sale, Exchange or Disposition of Property Within Pennsylvania (PA-20S/PA-65 D)

2013 PA Schedule D - Sale, Exchange or Disposition of Property Within Pennsylvania (PA-20S/PA-65 D) 2013 Form PA-20S-PA-65 D

2013 PA Schedule D - Sale, Exchange or Disposition of Property Within Pennsylvania (PA-20S/PA-65 D)

2012 PA Schedule D - Sale, Exchange or Disposition of Property Within Pennslvania (PA-20S/PA-65 D) 2012 Form PA-20S-PA-65 D

2012 PA Schedule D - Sale, Exchange or Disposition of Property Within Pennslvania (PA-20S/PA-65 D)

2011 PA Schedule D - Sale, Exchange or Disposition of Property Within Pennslvania  (PA-20S/PA-65 D) 2011 Form PA-20S-PA-65 D

2011 PA Schedule D - Sale, Exchange or Disposition of Property Within Pennslvania (PA-20S/PA-65 D)


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