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Pennsylvania Free Printable 2019 PA-41 Schedule D - Sale, Exchange or Disposition of Property (PA-41 D) for 2020 Pennsylvania PA-41 Schedule D - Sale, Exchange or Dispostion of Property

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PA-41 Schedule D - Sale, Exchange or Dispostion of Property
2019 PA-41 Schedule D - Sale, Exchange or Disposition of Property (PA-41 D)

PA-41 SCHEDULE D 1904910054 Sale, Exchange or Disposition of Property START HERE PA-41 D 06-19 (FI) PA Department of Revenue 2019 OFFICIAL USE ONLY Name as shown on PA-41 Federal EIN or Decedent’s SSN ➜ Read all instructions. Enter all sales, exchanges or other dispositions of real or personal tangible and intangible property. Amounts from federal Form 1041 Schedule D may not be correct for Pennsylvania purposes. If a loss, fill in the oval next to the line. (a) Describe the property sold (Example: 100 shares of “ABC” common stock, or 2 acres in Dauphin County) (b) and (c) example: MM/DD/YYYY (b) (c) Month, day Month, day and and year acquired year sold (d) Gross sales price less expenses of sale (f) Gain or Loss (d) minus (e) (e) Cost or adjusted basis LOSS 1. LOSS LOSS LOSS LOSS LOSS LOSS LOSS LOSS LOSS LOSS LOSS LOSS LOSS LOSS LOSS LOSS LOSS LOSS LOSS LOSS LOSS LOSS LOSS LOSS 2. Net gain or loss from above sales. If a net loss, fill in the oval . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 2. 3. Gain from PA Schedule(s) D-1, Installment Sales . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 3. 4. Taxable distributions from C corporations . . . . . . . . . . Enter total distribution $ . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Minus adjusted basis $ = 4. LOSS 5. Net gain or loss from PA Schedule D-71, Sale of 6-1-71 Property. If a loss, fill in the oval . . . . . . . . . . . . . . . . . . . . . . . . 5. LOSS 6. Net partnership gain or loss from PA Schedules RK-1 or NRK-1. If a loss, fill in the oval . . . . . . . . . . . . . . . . . . . . . . . . . 6. LOSS 7. Net PA S corporation gain or loss from PA Schedules RK-1 or NRK-1. If a loss, fill in the oval . . . . . . . . . . . . . . . . . . . . 7. 8. Taxable distributions from partnerships from REV-999 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 8. 9. Taxable distributions from PA S corporations from REV-998 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 10. Total net gain or loss. Add Lines 2 through 9. Enter the result here and on Line 4 of the PA-41. If the estate or trust realized a net loss, please fill in the oval . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 1904910054 Reset Entire Form TOP OF PAGE 9. LOSS 10. 1904910054 NEXT PAGE PRINT THIS PAGE DOES NOT PRINT Pennsylvania Department of Revenue 2019 Instructions for PA-41 Schedule D Sale, Exchange or Disposition of Property PA-41 D IN 06-19 GENERAL INFORMATION PURPOSE OF SCHEDULE Estates and trusts use PA-41 Schedule D to report the sale, exchange or other dispositions of real or personal tangible and intangible property. Pennsylvania law does not recognize the deemed sale election permitted by the Internal Revenue Service. Report the sale, exchange or disposition of property on PA41 Schedule D, unless the instructions require a different Pennsylvania schedule. FORM INSTRUCTIONS COLUMN (e) – COST OR ADJUSTED BASIS Enter cost of adjusted basis of the property sold. COLUMN (f) – GAIN OR LOSS (d) MINUS (e) Determine whether the property was either 1 or 2, and follow the appropriate instructions. 1. If the property is income-producing property acquired as an investment, (such as capital stock, an interest in a partnership or other business, a rental property, a patent or copyright, etc.), or the estate or trust held the property in connection with a business, profession or farm, and the property is not inventory or an operational asset: • Subtract Column (e) from Column (d) and enter the gain, loss or zero in Column (f). If a loss, fill in the oval next to the line; NAME Enter the complete name of the estate or trust as shown on the PA-41, Fiduciary Income Tax Return. 2. If the property was other than income-producing property: FEIN OR DECEDENT’S SSN Enter the nine-digit federal employer identification number (FEIN) of the estate or trust or the decedent’s Social Security number as shown on the PA-41, Fiduciary Income Tax Return. • If Column (e) is greater than Column (d), the estate or trust does not realize a loss. Enter zero in Column (f). An estate with a FEIN should not use the decedent’s Social Security number. LINE INSTRUCTIONS LINE 1 COLUMN (a) – PROPERTY SOLD List and describe the property sold or otherwise disposed of for cash or other property. COLUMN (b) – MONTH, DAY AND YEAR ACQUIRED Enter the month, day and year the property was acquired. If the estate or trust acquired properties over time or a summary line is being entered for multiple transactions, the estate or trust may enter VARIOUS. COLUMN (c) – MONTH, DAY AND YEAR SOLD Enter the month, day and year property was sold. If the estate or trust is entering a summary line for multiple transactions, the estate or trust may enter VARIOUS. COLUMN (d) – GROSS SALES PRICE LESS EXPENSE OF SALE Enter the gross sales price or fair market value of cash and/or property received, less applicable expenses of sale. www.revenue.pa.gov PREVIOUS PAGE • If Column (e) is less than or equal to Column (d) enter the gain or zero in Column (f); LINE 2 NET GAIN (LOSS) FROM ABOVE SALES Add Column (f) and enter the total. Gains and losses may be offset to calculate this line. If a loss, fill in the oval next to the line. LINE 3 GAIN FROM PA SCHEDULE D-1 INSTALLMENT SALES The election to report using the installment method is made by filing a PA Schedule D-1 (REV-1689) for the year of sale. Schedule D-1 is required in subsequent years in which any payment is received. Obtain and complete PA Schedule D1 and enter the amount from Line 19 of the schedule on Line 3 of the PA-41 Schedule D. LINE 4 TAXABLE DISTRIBUTIONS FROM C CORPORATIONS Enter total taxable distributions from C corporations. TAXABLE DISTRIBUTIONS FROM A C CORPORATION An estate or trust that is a shareholder in a C corporation must report as taxable gain the excess of the fair market value of a distribution (other than a dividend) in excess of current or accumulated earnings and profits over the PA-41 D NEXT PAGE 1 adjusted basis of its stock when the adjusted basis of the stock is zero. LINE 7 When a distribution, that is not a dividend, is received in excess of the current or accumulated earnings and profits, it decreases the basis of the stock or shares, but not below zero, by any distribution that is not taxable as a dividend on Line 2 of PA-41, Fiduciary Income Tax Return. NET PA S CORPORATION GAIN (LOSS) FROM PA SCHEDULES RK-1 OR NRK-1 Report the net gain (loss) from the sale, exchange or disposition of property reported on PA-20S/PA-65 Schedule RK-1, Line 4 or on PA-20S/PA-65 Schedule NRK-1, Line 2. If a loss, fill in the oval next to the line. Once a distribution reduces the basis of the stock to zero, the excess distributions are taxable as gains from the disposition of property and reported on Schedule D, Line 4. Example B. B Corp distributes from its capital account $100,000 to the estate of John Doe, the only stockholder. The estate’s adjusted basis in the stock is $75,000. The distribution is not from the regular corporation’s earnings and profits, so it is not a taxable dividend. The estate must reduce its basis from $75,000 to zero, then report $100,000 on the "Enter total distribution" line, and $75,000 on the "Minus adjusted basis" line. The estate reports the remaining $25,000 as a gain on its PA-41 Schedule D. LINE 5 PROPERTY ACQUIRED BEFORE JUNE 1, 1971 If any property was acquired before June 1, 1971, use PA Schedule D-71 (REV-1742), Gain or Loss on Property Acquired Prior to June 1, 1971 to report the gain or loss. If a loss, fill in the oval next to the line. LINE 6 NET PARTNERSHIP GAIN (LOSS) FROM PA SCHEDULES RK-1 OR NRK-1 Report the net gain (loss) from the sale, exchange or disposition of property reported the PA-20S/PA-65 Schedule RK-1, Line 4 or the PA Schedule NRK-1, Line 2. If a loss, fill in the oval next to the line. If the estate or trust realizes income from more than one partnership, provide a statement showing the FEIN, name and amount of income by the partnership. Submit all PA-20S/PA-65 Schedules RK-1 or NRK-1 to support the amount reported on PA-41 Schedule D Line 6. Include a copy of federal Form 1065 Schedule K-1 if a PA20S/PA-65 Schedule RK-1 is not supplied by the partnership or entity formed as a limited liability company classified as a partnership for federal income tax purposes. If the estate or trust receives only a federal Form 1065 Schedule K-1, the income must be adjusted and classified from federal Form 1065 Schedule K-1 according to Pennsylvania rules. Refer to the PA Personal Income Tax Guide - Pass Through Entities section, for additional information on the adjustments required and the proper classification of income. 2 PA-41 D PREVIOUS PAGE If the estate or trust realizes income from more than one PA S corporation, provide a statement showing the FEIN, name and amount of income by the PA S corporation. Submit all PA-20S/PA-65 Schedules RK-1 or NRK-1 to support the amount reported on PA-41 Schedule D Line 7. Include a copy of federal Form 1120S Schedule K-1 if a PA20S/PA-65 Schedule RK-1 is not supplied by the PA S corporation or entity formed as a limited liability company classified as a PA S corporation for federal income tax purposes. If the estate or trust receives only a federal Form 1120S Schedule K-1, the estate or trust must obtain a PA20S/ PA-65 Schedule RK-1 from the entity. The department will only permit the estate or trust to adjust and reclassify the income from federal Form 1120S Schedule K-1 according to Pennsylvania rules in limited circumstances. Refer to the PA Personal Income Tax Guide - Pass Through Entities section, for additional information on the adjustments required and the proper classification of income. LINE 8 TAXABLE DISTRIBUTIONS FROM PARTNERSHIPS FROM REV-999 Report any gain realized from other partnership distributions that exceedthe estate or trust’s ownership basis in that partnership. Complete and submit REV-999, Partner’s Outside Tax Basis in a Partnership Worksheet. The worksheet is available on the department’s website. LINE 9 TAXABLE DISTRIBUTIONS FROM PA S CORPORATIONS FROM REV-998 Report any gain realized from other PA S corporation distributions that exceed the estate or trust’s ownership basis in that PA S corporation. Complete and submit REV-998, Shareholder Tax Basis in PA S Corporation Stock Worksheet. The worksheet, is available on the department’s website. LINE 10 TOTAL NET GAIN (LOSS) Add Lines 2 through 9. Include the net gain (loss) on the PA41, Fiduciary Income Tax Return, Line 4. If a loss, fill in the oval next to the line. www.revenue.pa.gov RETURN TO FORM
Extracted from PDF file 2019-pennsylvania-form-pa-41d.pdf, last modified September 2011

More about the Pennsylvania Form PA-41D Corporate Income Tax TY 2019

We last updated the PA-41 Schedule D - Sale, Exchange or Dispostion of Property in March 2020, so this is the latest version of Form PA-41D, fully updated for tax year 2019. You can download or print current or past-year PDFs of Form PA-41D 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-41D.

Form Code Form Name
Form PA-41DD PA-41 Schedule DD - Distribution Deductions

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-41D from the Department of Revenue in March 2020.

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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-41D

We have a total of nine past-year versions of Form PA-41D in the TaxFormFinder archives, including for the previous tax year. Download past year versions of this tax form as PDFs here:


2019 Form PA-41D

2019 PA-41 Schedule D - Sale, Exchange or Disposition of Property (PA-41 D)

2018 Form PA-41D

2018 PA-41 Schedule D - Sale, Exchange or Disposition of Property (PA-41 D)

2017 Form PA-41D

2017 PA-41 Schedule D - Sale, Exchange or Disposition of Property (PA-41D)

2016 Form PA-41D

2016 PA-41 Schedule D - Sale, Exchange or Dispostion of Property (PA-41D)

Forms/Publications 2015 Form PA-41D

2015 PA-41 Schedule D - Sale, Exchange or Dispostion of Property (PA-41D)

Forms/Publications 2014 Form PA-41D

2014 PA-41 Schedule D - Sale, Exchange or Dispostion of Property (PA-41D)

2013 PA-41 Schedule D - Sale, Exchange or Dispostion of Property (PA-41D) 2013 Form PA-41D

2013 PA-41 Schedule D - Sale, Exchange or Dispostion of Property (PA-41D)

2012 PA-41 Schedule D - Sale, Exchange or Disposition of Property (PA-41 D) 2012 Form PA-41D

2012 PA-41 Schedule D - Sale, Exchange or Disposition of Property (PA-41 D)

2011 PA-41 Schedule D - Sale, Exchange or Disposition of Property  (PA-41 D) 2011 Form PA-41D

2011 PA-41 Schedule D - Sale, Exchange or Disposition of Property (PA-41 D)


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