club_cafe: Pennsylvania capital gains

iras1 on

They certainly are taxable.

Ira Smilovitz

In a message dated 03/15/08 3:21:13 P.M. Eastern Daylight Time, g_cudd@bivio.com writes:

I just used the PA partnership tax generator to create our
club's PA tax return. All of the capital gains from the sale
of stock appears as "Outside PA" revenue and is not included
as taxable gains on the members K1's. Can this be correct?
In the past I always treated capital gains as taxable.

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