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Old 01-01-2016, 08:26 AM
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Cap Gains on Real Estate outside PA

Do I have to include capital gains on sale of real estate outside of Pennsylvania in my PA return?

I think I understand that, if I do, I get a tax credit in PA for what I paid to the other state. Correct?



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Old 01-02-2016, 02:33 PM
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Do I have to include capital gains on sale of real estate outside of Pennsylvania in my PA return?=>>I believe so aslongas you are full year resident of PA.as a full year resident of PA,
You must report all income /losses regardless of the source from which you earned, received, or realized the income /loss.



I think I understand that, if I do, I get a tax credit in PA for what I paid to the other state. Correct?======>>>.In general yes; as you are NOT subject to double taxation.you usually can claim taxes paid to another state on your PA return.pleae contact the PA dept of revenue foro more info jn detail.



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