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April 2, 2023
Question

Schedule of Gains and Losses: Ownership boc must be checked

  • April 2, 2023
  • 1 reply
  • 0 views

I used TurboTax to complete the 1040 Federal without a problem on capital gains and losses.   Doing my PA-40 (Pennsylvania), which has the same set of capital gains and losses, I am stuck.  I have every box checked, filled out with Taxpayer, Spouse or Joint.  But it keeps looping me through this edit saying "Schedule of Gains and Losses: Ownership box must be checked."  Why does it do this?  How can I get past this?

    1 reply

    April 3, 2023

    On Pennsylvania Schedule D, Pennsylvania does not allow the loss reported by one spouse to reduce the other spouse's gain.

     

     

    Are you reporting a Schedule D for both the taxpayer and the spouse?

     

    @GerryMiller 

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