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    naples1960's Avatar
    naples1960 Posts: 2, Reputation: 1
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    #1

    Oct 14, 2013, 04:21 PM
    How does pa figure cost basis on a wash sale
    Pa does not recognize losses from a wash sale. They figure cost basis
    Different from the its. How do they figure the cost basis?
    naples1960's Avatar
    naples1960 Posts: 2, Reputation: 1
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    #2

    Oct 14, 2013, 04:29 PM
    How does pa figure cost basis on a wash sale
    The state of Pennsylvania does not recognize wash sales. They do require give the cost basis. How is this calculated?
    ebaines's Avatar
    ebaines Posts: 12,131, Reputation: 1307
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    #3

    Oct 15, 2013, 08:53 AM
    Quote Originally Posted by naples1960 View Post
    The state of Pennsylvania does not recognize wash sales. They do require give the cost basis. How is this calculated?
    Not sure what you mean by the "Pennsylvania does not recognize wash sales." I can find no mention of wash sales in their filing instructions, so I suggest you report the sale as you would any other sale and not worry that it's considered a wash sale for federal income tax purposes. Thus the cost basis used for Pennsylvania tax filing will be different than the cost basis used for federal tax filing.
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