Pennsylvania wash sale rules / filing

Perhaps not for your Pennsylvania return.  If you were able to list all of your transactions on PA Schedule D, then you should be able to e-file as in that circumstance there is no need to attach a statement to your return.  The PA Department of Revenue apparently gives their taxpayers the option of reporting numerous transactions as a summary, but if you report a summary, then it appears you need to attach a summary statement to your return.  

It seems in some situations a summary is required whether or not the taxpayer wants to use Schedule D because the PA Department of Revenue can no longer handle an unlimited number of transactions.  The instructions for PA Schedule D do not provide an explanation as to what is an "unlimited number of transactions." 

Below are the instructions for PA Schedule D that relate to the reporting of transactions.  Also included below is a link to PA Schedule D with instructions.

REPORTING TRANSACTIONS

Summaries or groups of transactions as reported on brokerage statements or summaries of the sales of stocks, bonds and other financial instruments sold on the major financial exchanges on separately prepared statements may be used in lieu of entering each sale, exchange or disposition of property on PA Schedule D.  All other transactions must be entered separately on PA Schedule D.  If a brokerage or summary statement is used, a copy of the statement must be provided with the return.  

 

Electronically filed returns will no longer permit entry of an unlimited number of transactions. Brokerage or summary statements of transactions will be required to be included as a PDF attachment with the return or faxed to the department unless copies of the brokerage statements are already included with the federal e-filed return. Unless the specific instructions require a different Pennsylvania schedule or as previously noted above, report each sale, exchange, or disposition of property on PA Schedule D.

PA Schedule D with Instructions

@GGGGary554