How to Fill Out Pennsylvania Form PA-40 Schedule D (w/Examples) + FAQs

Pennsylvania Form PA-40 Schedule D is the Sale, Exchange or Disposition of Property schedule that every Pennsylvania resident, part-year resident, and nonresident must file with their PA-40 Personal Income Tax Return when they sell stocks, bonds, real estate, business assets, or other property during the tax year. The schedule reports the net gain or loss from property sales, which Pennsylvania taxes as a separate class of income under 72 P.S. § 7303 at the flat 3.07% personal income tax rate.

Pennsylvania processed more than 6.4 million PA-40 returns last filing season, and the Department of Revenue reports that Schedule D is one of the top three schedules where filers make basis and gain-calculation errors that trigger desk audits. Misreporting a single sale can cost you penalties, interest, and a follow-up notice from the Pennsylvania Department of Revenue.

In this guide, you will learn:

📄 What Form PA-40 Schedule D is and exactly who must file it
🧾 Every document and number you need before you start
✏️ A line-by-line walkthrough of every column and row on the form
👥 Three real-person filled-out examples covering stock, real estate, and inherited property
⚠️ The most common mistakes filers make and how to avoid them

What Form PA-40 Schedule D Is and Who Must File It

Form PA-40 Schedule D is the official Pennsylvania state schedule used to report the sale, exchange, or disposition of property. The form attaches to your main PA-40 return and feeds a single net number into Line 5 of the PA-40. Pennsylvania treats net gains from the sale of property as one of eight classes of income, separate from compensation, interest, dividends, and rental income.

You must file Schedule D if you sold or exchanged property during the tax year and the transaction produced a gain or loss recognized for Pennsylvania purposes. This includes stocks, mutual funds, bonds, cryptocurrency, real estate, business assets, partnership interests, collectibles, and even certain personal-use items sold at a gain. The PA Personal Income Tax Guide – Net Gains or Losses chapter is the controlling administrative guidance.

Pennsylvania does not follow several federal rules that filers expect to apply. There is no preferential long-term capital gains rate; every gain is taxed at 3.07%. Pennsylvania did not honor IRC §1031 like-kind exchange deferral for transactions completed before January 1, 2023, and only adopted limited §1031 conformity beginning with that tax year under Act 53 of 2022. Pennsylvania also does not allow capital losses to offset other classes of income, and unused losses cannot be carried forward to future years.

The form’s most recent revision is the 2025 version, dated 10-25, and that revision date appears in the lower-left corner of the official PDF. Always confirm you are using the version that matches the tax year you are reporting.

Before You Start: Documents and Information You Need

Gathering everything before you open the form prevents the most common cause of Schedule D errors: missing basis information. Pennsylvania cross-checks reported gains against federal Schedule D and Form 8949 data shared through the IRS Federal/State program, so your numbers must reconcile.

Here is the pre-filing checklist:

Form 1099-B from every broker. This shows proceeds and, for covered securities, the cost basis. Without it, you cannot calculate gain accurately and the Department of Revenue may impute zero basis.
Form 1099-S for real estate sales. Title companies issue this for property closings. Missing it means you may underreport the sale price the state already knows about.
Original purchase documents (HUD-1, settlement statement, brokerage confirmation). These prove your cost or adjusted basis. Without proof, an audit can disallow your basis entirely.
Records of improvements for real estate. Receipts for capital improvements increase basis and lower your gain. Lost receipts mean a higher tax bill.
Date of acquisition for every asset sold. Pennsylvania requires the exact acquisition date in Column B of the form. Estimating triggers questions on audit.
Federal Schedule D and Form 8949 from your federal return. Pennsylvania starts with federal numbers and adjusts for state differences. Filing Schedule D without the federal versions causes mismatches.
Installment sale records and prior-year REV-1689 PA Schedule D-1. Installment gains are reported on D-1 first, then carried to Schedule D.
Like-kind exchange paperwork (Form 8824) for post-2023 §1031 exchanges. Required to document the deferral under PA’s new conformity rule.
Inherited property appraisals or estate Form 706 valuations. These set the stepped-up basis on the date of death.
Your Social Security Number and your spouse’s SSN if filing jointly. They go at the top of every PA schedule.

Where to Get the Form and How to Access It

The official 2025 PA-40 Schedule D PDF is available on the Pennsylvania Department of Revenue forms library. The direct link is the 2025 PA-40 Schedule D PDF, and the matching PA-40 Schedule D instructions sit beside it on the same page.

You can also file the schedule electronically through myPATH, Pennsylvania’s free state filing portal, which auto-generates Schedule D from your data entry. Approved commercial software listed on the Department of Revenue e-file vendors page also supports the schedule. If you prefer paper, you can print the PDF, fill it in by hand or in Adobe Acrobat, and mail it with your PA-40.

Public libraries across Pennsylvania stock blank PA-40 packets during filing season, and any Department of Revenue district office will hand you a copy in person. The form is free in every channel.

A quick reminder on revisions: Pennsylvania updates the PA-40 Schedule D every tax year, and using last year’s version is one of the most common reasons returns get rejected at intake. Confirm the upper-right header reads 2025 (or the year you are filing for) before you start writing.

Step-by-Step: How to Fill Out PA-40 Schedule D Line by Line

Schedule D has a header section, two main parts, and a totals block. Part I reports sales of property acquired before June 1, 1971 (rare, but still on the form for legacy reasons) and Part II reports all other sales. Most modern filers skip Part I and use Part II for everything.

Header: Name(s) Shown on Return

The header asks for the taxpayer’s full legal name exactly as it appears on the PA-40. If filing jointly, list both names in the same order as the PA-40.

Type the name in FIRSTNAME M. LASTNAME format. For joint filers, write FIRSTNAME M. LASTNAME & SPOUSE FIRSTNAME M. LASTNAME. Do not use nicknames.

For example, Maria L. Hernandez & Carlos J. Hernandez would write that exact string in the name box. The names must match the PA-40 line for line.

A common edge case is a name change after marriage or divorce. Use the name on your current Social Security card; mismatches with SSA records cause the return to fall out of automated processing.

The most frequent mistake here is writing only one spouse’s name on a joint return. The direct consequence is that the schedule appears to belong to a single filer, and the Department of Revenue may apply the gain only to that spouse’s share, distorting any later split-filing analysis.

A misconception filers carry into this box is that the name does not matter because the SSN identifies the return. Pennsylvania’s matching system uses both fields, and a name mismatch creates a manual review queue that can delay refunds by weeks.

Header: Social Security Number

This field asks for the primary taxpayer’s nine-digit Social Security Number, the same SSN that appears on the PA-40.

Enter the SSN as XXX-XX-XXXX with hyphens, exactly as the form prints the boxes. Do not leave dashes out and do not substitute an ITIN unless you are filing under one.

For example, Maria L. Hernandez writes 123-45-6789 in the SSN box. The number must match her PA-40 header exactly.

A nuance arises for filers using an Individual Taxpayer Identification Number. Pennsylvania accepts ITINs, but the format and box still apply, so place the ITIN where the SSN goes.

The most common mistake is transposing two digits, which creates a no-match condition with SSA records. The consequence is an automatic notice and a freeze on any refund until corrected.

A misconception is that only the primary SSN matters on a joint return. While Schedule D shows only the primary SSN at the top, both spouses’ SSNs must appear on the PA-40 itself, and the schedule is treated as belonging to both filers.

Part I, Line 1: Gain from PA Schedule D-71 (Property Acquired Before June 1, 1971)

Line 1 asks for the net gain or loss from property you owned before June 1, 1971, calculated on the supplemental PA Schedule D-71 (REV-1742).

Complete REV-1742 first, transfer the bottom-line number to Line 1, and use parentheses for losses (for example, (2,500)).

For example, Janet Whitman sold a parcel her family bought in 1965; her REV-1742 shows a $14,200 gain, so she writes 14,200 on Line 1.

The edge case here is property acquired exactly on June 1, 1971 — that property is reported in Part II, not Part I.

The most common mistake is reporting modern property on Line 1 because filers misread the date. The consequence is that the valuation method (June 1, 1971 fair market value substitution) gets applied incorrectly, overstating or understating the gain.

A misconception is that pre-1971 property is exempt. It is not; the special rule only allows substitution of the June 1, 1971 fair market value for original cost basis.

Part II, Line 2 — Column A: Description of Property

Column A asks for a brief description of each asset sold, listed on its own row.

Write enough detail to identify the asset: ticker symbol and share count for stocks, full street address for real estate, or asset name for collectibles.

For example, Carlos Hernandez writes 100 SH AAPL for Apple stock and 123 Maple St, Erie PA for a rental house. Each sale gets its own row.

A nuance: if you have many small lots from the same broker, you can attach a separate statement and write See Attached on Line 2, but the attachment must show every column the form requires.

The most common mistake is writing Stocks or Real Estate with no specifics. The consequence is that the Department of Revenue cannot match the line to a 1099-B or 1099-S, which triggers a correspondence audit.

A misconception is that only the total matters. Pennsylvania reviewers verify each line against third-party reporting, so vague descriptions get flagged even when the totals are correct.

Part II, Line 2 — Column B: Date Acquired

Column B asks for the date you acquired the asset, in MM/DD/YYYY format.

Use the trade date for securities, the closing date for real estate, and the date of death for inherited property. For gifts, use the donor’s original acquisition date because Pennsylvania uses carryover basis for gifts.

For example, Carlos writes 03/15/2018 for Apple stock he bought in March 2018 and 07/22/2010 for the rental house he closed on in July 2010.

A nuance applies to inherited property: write the decedent’s date of death (for example, 11/04/2024), and basis equals the fair market value on that date.

The most common mistake is using the settlement date instead of the trade date for securities, which can shift the holding period across a year-end. The consequence is a mismatch with the 1099-B and an audit letter.

A misconception is that Various is acceptable. Pennsylvania allows Various only when you attach a detailed lot-by-lot statement; otherwise, every row must show a specific date.

Part II, Line 2 — Column C: Date Sold

Column C asks for the date of sale or disposition, in MM/DD/YYYY format.

Use the trade date for securities and the closing date for real estate. For involuntary conversions (like insurance proceeds after a fire), use the date you received the insurance settlement.

For example, Carlos writes 09/12/2025 for the date he sold his Apple shares and 06/30/2025 for the rental house closing.

A nuance: if a sale spans a year-end (trade in late December, settle in early January), use the trade date — that is the date Pennsylvania recognizes the disposition.

The most common mistake is leaving Column C blank when the asset was abandoned or became worthless. The consequence is the line gets disallowed as incomplete; for worthless securities, write 12/31/YYYY of the year worthlessness occurred.

A misconception is that the sale date determines the tax year the gain belongs to. It does — Pennsylvania is strict that the gain is recognized in the year of the sale, not when proceeds are received (except for installment sales reported on REV-1689).

Part II, Line 2 — Column D: Gross Sales Price

Column D asks for the gross proceeds from the sale, before commissions and selling expenses.

Take the number from Box 1d of Form 1099-B for securities or the gross sales price from the HUD-1/closing disclosure for real estate. Round to the nearest whole dollar.

For example, Carlos enters 18,500 for the Apple shares he sold and 245,000 for the rental house gross sale price.

A nuance: for real estate, the gross sales price is the contract price before deducting the mortgage payoff. Pennsylvania wants the full proceeds figure.

The most common mistake is netting commissions out of Column D and forgetting to also adjust the basis. The consequence is double-counting the deduction or, more often, mismatching the 1099-B’s reported gross proceeds and triggering a notice.

A misconception is that the Box 1d figure is net of fees. For most brokers it is gross; selling fees are added to basis in Column F instead.

Part II, Line 2 — Column E: Cost or Adjusted Basis

Column E asks for your cost or adjusted basis in the property, calculated under Pennsylvania rules.

Start with original cost, add capital improvements (for real estate) or reinvested dividends (for mutual funds), and subtract any depreciation allowed or allowable. Use the PA Personal Income Tax Guide – Basis chapter for the order of adjustments.

For example, Carlos writes 12,400 for the Apple shares (original purchase price) and 198,000 for the rental house (purchase price plus a $22,000 roof replacement minus $0 PA depreciation because he never claimed PA depreciation).

A nuance: PA basis can differ from federal basis. Pennsylvania required different depreciation methods historically, and bonus depreciation under federal IRC §168(k) is not fully recognized for Pennsylvania purposes, which often makes PA basis higher than federal basis.

The most common mistake is copying the federal basis without checking PA depreciation differences. The consequence is overstating the PA gain and overpaying tax.

A misconception is that brokers report the correct basis. They report federal basis, which may not equal PA basis, especially for inherited property where step-up rules differ slightly and for mutual funds with reinvested dividends spanning many years.

Part II, Line 2 — Column F: Gain or Loss

Column F is Column D minus Column E — the gain or loss for the row.

Subtract basis from sales price. Use parentheses to indicate a loss (for example, (3,200)). Round to whole dollars.

For example, Carlos calculates 18,500 − 12,400 = 6,100 for the Apple shares and 245,000 − 198,000 = 47,000 for the rental house, writing those numbers in Column F.

A nuance for real estate: subtract selling expenses (commissions, transfer taxes, title fees) from the sales price or add them to basis — but not both. Pennsylvania allows either treatment as long as it is consistent.

The most common mistake is arithmetic error on a row with many adjustments. The consequence is a cascade error into Line 3 and the PA-40 itself.

A misconception is that losses on personal-use property (like a personal residence sold at a loss or a personal car) are deductible. Pennsylvania does not allow losses on personal-use property; report the sale with a zero loss in Column F if it was personal-use.

Line 3: Net Gain or Loss

Line 3 totals Column F across all rows in Part II.

Add every gain and subtract every loss in Column F to produce a single net number. Use parentheses for a net loss.

For example, with only the two transactions above, Carlos writes 53,100 (the sum of 6,100 + 47,000) on Line 3.

A nuance: gains and losses in Pennsylvania can offset within this class of income only. A net loss on Line 3 cannot reduce wages, interest, or other income on the PA-40.

The most common mistake is including ineligible losses (personal-use property losses) in the total. The consequence is an understated net gain and a notice from Revenue.

A misconception is that a net loss on Line 3 carries forward. It does not — Pennsylvania has no capital loss carryforward, and the loss simply disappears at year end.

Line 4: Gain from Installment Sales (PA Schedule D-1)

Line 4 asks for the current-year installment sale gain from REV-1689 PA Schedule D-1.

Complete REV-1689 for any installment sale (a sale where you receive payments in more than one tax year) and transfer the current year’s recognized gain to Line 4.

For example, Janet Whitman sold a building in 2023 for $300,000 with payments over five years; her 2025 REV-1689 shows $24,000 of recognized gain, so she writes 24,000 on Line 4.

A nuance: Pennsylvania allows the installment method only if it was elected on the original return. Once elected, you cannot switch to the closed-transaction method, and once not elected, you cannot start using it later.

The most common mistake is forgetting to file REV-1689 in the year of sale, which forfeits the installment method. The consequence is full gain recognition in year one with no opportunity to spread it.

A misconception is that Pennsylvania automatically follows the federal installment election. It does not — you must affirmatively file REV-1689 in Pennsylvania.

Line 5: Total PA-Taxable Gain or Loss

Line 5 is Line 1 + Line 3 + Line 4 — the grand total that flows to PA-40 Line 5.

Add the three lines, using parentheses for a net loss. Transfer this exact number to Line 5 of your PA-40.

For example, Carlos has 0 on Line 1, 53,100 on Line 3, and 0 on Line 4, so Line 5 reads 53,100.

A nuance: if Line 5 is negative, write 0 on PA-40 Line 5 because Pennsylvania does not allow a net loss in this class to reduce other classes of income.

The most common mistake is transferring the wrong sign. The consequence is a math-error notice and a recalculated tax bill.

A misconception is that the federal Schedule D total can be substituted for Line 5. It cannot — Pennsylvania-specific adjustments almost always make the two numbers different.

Three Filled-Out Examples Using Real Scenarios

These three named filers represent the most common Schedule D situations in Pennsylvania.

Example 1: Maria the Stock Investor

Maria L. Hernandez is a single Pittsburgh resident who sold 200 shares of Microsoft through her Vanguard brokerage account.

Form Section	What Maria Enters
Name	Maria L. Hernandez
SSN	234-56-7890
Line 2, Col A	200 SH MSFT
Line 2, Col B	05/10/2019
Line 2, Col C	08/15/2025
Line 2, Col D	84,000
Line 2, Col E	27,500
Line 2, Col F	56,500
Line 3	56,500
Line 4	0
Line 5 (to PA-40 Line 5)	56,500

Maria owes Pennsylvania $1,734.55 in tax on this gain at the 3.07% flat rate, regardless of how long she held the shares.

Example 2: Carlos the Rental Property Owner

Carlos J. Hernandez sold his rental duplex at 123 Maple St, Erie PA and also sold 100 shares of Apple during the year.

Form Section	What Carlos Enters
Name	Carlos J. Hernandez
SSN	345-67-8901
Line 2, Row 1, Col A	100 SH AAPL
Line 2, Row 1, Cols B–F	03/15/2018 / 09/12/2025 / 18,500 / 12,400 / 6,100
Line 2, Row 2, Col A	123 Maple St, Erie PA
Line 2, Row 2, Cols B–F	07/22/2010 / 06/30/2025 / 245,000 / 198,000 / 47,000
Line 3	53,100
Line 4	0
Line 5 (to PA-40 Line 5)	53,100

Carlos must also file PA Schedule E for the rental income earned before the sale closed, and his federal Form 4797 numbers will not exactly match Schedule D because PA depreciation differs from federal.

Example 3: Janet the Heir

Janet K. Whitman inherited her father’s lake cabin in Wayne County when he died on 11/04/2024, then sold it in 2025.

Form Section	What Janet Enters
Name	Janet K. Whitman
SSN	456-78-9012
Line 2, Col A	Lake Cabin, Lake Ariel PA
Line 2, Col B	11/04/2024 (date of death)
Line 2, Col C	07/18/2025
Line 2, Col D	310,000
Line 2, Col E	298,000 (stepped-up FMV at death)
Line 2, Col F	12,000
Line 3	12,000
Line 4	0
Line 5 (to PA-40 Line 5)	12,000

Janet’s basis is the fair market value on her father’s date of death, documented by the appraisal her estate attorney ordered, which is the rule under the PA PIT Guide treatment of inherited property.

How to File the Completed Form

Pennsylvania accepts Schedule D through three channels: electronic filing via myPATH, electronic filing through approved software, and paper filing by mail. There is no separate filing fee for Schedule D; it travels with the PA-40.

Online via myPATH. Log in at mypath.pa.gov, choose File a PA Personal Income Tax Return, and enter Schedule D data when prompted. The portal calculates Line 5 automatically. Payments are accepted by ACH debit (free) or credit card (with a third-party convenience fee through ACI Payments). Processing time for e-filed returns is typically 4 weeks for refunds. Save the PDF confirmation as proof of filing.

E-file via approved software. Software vendors like TurboTax, H&R Block, and TaxAct transmit Schedule D as part of the PA-40 e-file packet. Vendor confirmation numbers serve as proof of filing. Processing time matches myPATH at roughly 4 weeks.

Paper by mail. Print the completed PA-40, Schedule D, and any supporting schedules (D-1, D-71, federal Schedule D, Form 8949). If you owe tax, mail to PA Department of Revenue, Payment Enclosed, 1 Revenue Place, Harrisburg PA 17129-0001. If you expect a refund, mail to PA Department of Revenue, Refund Requested, 3 Revenue Place, Harrisburg PA 17129-0003. If neither, mail to PA Department of Revenue, No Payment/No Refund, 2 Revenue Place, Harrisburg PA 17129-0002. Use USPS Certified Mail with Return Receipt as proof of filing. Paper processing takes 8–10 weeks.

The deadline is April 15 following the tax year. To extend, file REV-276 by April 15 for an automatic six-month extension to October 15; the extension extends the filing deadline only, not the payment deadline.

What Happens After You File

After Pennsylvania receives your PA-40 and Schedule D, the return enters automated processing. The Department of Revenue compares your Schedule D entries against IRS-shared data, third-party 1099-B and 1099-S reports, and prior-year basis records.

If everything matches, e-filed refunds typically deposit within 4 weeks and paper refunds within 8–10 weeks. You can check status at myPATH’s Where’s My Refund tool. If a discrepancy appears, the Department issues a correspondence notice (often a REV-364 or similar letter) asking for documentation within 30 days.

If you owe additional tax after a notice, interest accrues from the original April 15 due date at the rate published annually under 61 Pa. Code § 4.2. Penalties for substantial understatement run 5% per month of unpaid tax up to a 25% cap. Filers who disagree with a notice can file a Petition for Reassessment with the Board of Appeals within 60 days.

Keep your Schedule D and supporting records for at least four years after filing, the standard PA statute of limitations for assessment.

Mistakes to Avoid When Filling Out the Form

Schedule D errors are the leading cause of audit notices on PA-40 returns. Avoid each of the following.

Using federal basis without PA adjustments. This overstates gain because PA depreciation rules differ from federal.
Forgetting to attach Schedule D-1 for installment sales. The installment method is denied and full gain is recognized in year one.
Reporting personal-use property losses. PA disallows them, so the loss creates a notice.
Vague Column A descriptions like Stocks. The Department cannot match to 1099-B data and issues an inquiry.
Wrong acquisition date for inherited property. Using purchase date instead of date of death erases the step-up and inflates gain.
Skipping Line 5 transfer to PA-40 Line 5. The PA-40 understates income and triggers a math-error notice.
Treating §1031 exchanges before 2023 as deferred. PA did not honor §1031 then, so gain must be recognized.
Carrying forward a net Schedule D loss. PA does not allow it, and the carryforward gets disallowed.
Claiming the federal long-term capital gains rate. PA has only the 3.07% flat rate; there is no preferential rate.
Filing the prior year’s form revision. Using the 2024 form for tax year 2025 causes intake rejection.
Forgetting REV-1742 for pre-1971 property. Without it, Line 1 cannot be substantiated.
Mismatching the SSN on Schedule D and PA-40. This sends the return to manual review.

Do’s and Don’ts

A short list of habits that protect your return.

Do’s

Do reconcile every row to a 1099-B, 1099-S, or settlement statement, because Pennsylvania matches third-party data.
Do keep purchase records for at least four years after the sale, since PA’s audit window runs that long.
Do file REV-1689 in the year of sale for any installment sale, because the election cannot be made later.
Do compute PA basis separately from federal basis when depreciation has been claimed, because the two diverge.
Do use whole dollars rounded from the cents, since the form lines are formatted for whole-dollar entries.
Do attach federal Schedule D and Form 8949, because PA reviewers cross-check them.

Don’ts

Don’t report personal-residence gains under the federal §121 exclusion without confirming PA conformity, since PA follows §121 only within specific limits.
Don’t net commissions twice (once in proceeds and once in basis), because doing so doubles the deduction and triggers an audit.
Don’t leave Column B blank for Various lots without an attached lot schedule, because the line will be rejected.
Don’t claim a loss on a sale to a related party, since PA disallows related-party losses just like federal law.
Don’t skip the schedule because the broker shows a $0 gain, since PA may calculate a different number under PA basis rules.
Don’t file Schedule D without signing the underlying PA-40, because an unsigned return is treated as not filed.

Pros and Cons of Filing on Your Own vs. With Help

Schedule D is mechanical for simple stock sales but technical for real estate, partnerships, and installment sales. Weigh the tradeoffs.

Pros of filing on your own

Cost savings, since myPATH is free and commercial software runs $0–$60.
Speed, because you control the timeline and can file the day you have your 1099-Bs.
Privacy, since no third party sees your records.
Learning, because you build understanding of PA tax rules for future years.
Direct control, so you catch broker basis errors yourself before they hit the return.

Cons of filing on your own

Higher error risk on PA-vs-federal basis adjustments that software does not always flag.
No professional defense if a notice arrives after filing.
Time investment gathering documents and learning the rules.
Missed planning opportunities, since a CPA might suggest installment-sale or charitable strategies.
No audit protection, unlike most paid preparers who include representation.

FAQs

Do I need to file Schedule D if I only had a small stock sale?

Yes. Pennsylvania requires Schedule D for any reportable sale of property, regardless of dollar amount, when there is a recognized gain or loss for PA purposes.

Does Pennsylvania tax long-term capital gains at a lower rate?

No. Pennsylvania taxes all gains at the flat 3.07% personal income tax rate, with no distinction between long-term and short-term holding periods.

Can I carry forward a capital loss to next year?

No. Pennsylvania does not allow capital loss carryforwards, and an unused net loss simply disappears at year end.

Do I write the date of death or the purchase date for inherited property in Column B?

Yes, write the date of death in Column B, because Pennsylvania uses the stepped-up fair market value on that date as basis.

Is Various acceptable in Column B for many small lots?

Yes, but only if you attach a detailed lot-by-lot statement showing each acquisition date, basis, and proceeds amount.

Do I report a loss on the sale of my personal car?

No. Pennsylvania does not allow losses on personal-use property, so report the transaction with no deductible loss.

Does Pennsylvania honor IRC §1031 like-kind exchanges?

Yes, but only for exchanges completed on or after January 1, 2023, under Act 53 of 2022; earlier exchanges required full gain recognition.

Should Column D show gross or net proceeds?

Yes, Column D shows gross proceeds before commissions and selling fees; those expenses adjust basis in Column E.

Do I need to attach federal Schedule D to my PA-40?

Yes. Pennsylvania requires the federal Schedule D and Form 8949 attached to support the PA Schedule D entries.

Can I file Schedule D electronically?

Yes. myPATH and approved e-file software both support Schedule D as part of the PA-40 e-file packet.

Do reinvested mutual fund dividends increase my basis?

Yes. Each reinvestment is a new purchase that increases basis, and forgetting them is a common cause of overstated gains.

What happens if I forget to file Schedule D when I had a sale?

Yes, you must file an amended return on PA-40 X with the missing Schedule D, and interest plus penalties will accrue from the original April 15 due date.

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