how can I designate stock transactions between taxpayer and spouse for purposesof PA 40 Schedule D?

Forum|Forum|1 year ago
March 18, 2025
1 reply
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All stocks are covered transactions

TurboTax Online

RachelW33

When walking through the preparation of your Pennsylvania return in TurboTax, you will eventually come to the screen PA Ownership of Gains and Losses. This is where you can designate how the gains/losses from your stock transactions should be divided between taxpayer and spouse.

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DonnCymAuthor

unfortunately, both parties have longterm covered securities and when it comes to the Pa return it is combined as one number. I can only designated taxpayer, spouse or both. Is there anyway on the federal input to designate whose stock sales they are?

DianeW777

It depends. In the federal return you can divide the entry to make two of them split in half. On the PA return, there should be two entries on the PA return. It's not clear why you would need to spit them on a joint return.

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