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Level 1
April 4, 2021
Solved

How do I deduct Business losses and Rental losses on a PA return?

  • April 4, 2021
  • 1 reply
  • 7 views

The losses are shown on the PA-40 but are not deducted from PA taxable income.

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Best answer by sjrcpa

You can't. PA doesn't allow net losses to offset other categories of income.

1 reply

sjrcpa
sjrcpaAnswer
Level 15
April 4, 2021

You can't. PA doesn't allow net losses to offset other categories of income.

The more I know the more I don’t know.