answersLogoWhite

0


Best Answer

I think so...

User Avatar

Wiki User

13y ago
This answer is:
User Avatar

Add your answer:

Earn +20 pts
Q: Do you have to pay capital gains tax in PA?
Write your answer...
Submit
Still have questions?
magnify glass
imp
Continue Learning about Accounting

If you live in FL and work in PA do you have to pay state income tax in PA?

Yes you will have to file the Pa state income tax return correctly to determine if you have to pay any PA state income tax.


Do you have to pay sales tax on cleaning services in PA?

yes you have to pay sales tax if you OWN the cleaning service, but if you are a customer of a cleaning service then its the responsibility of the service to pay it!


where to mail PA tax forms?

where to mail pa tax forms


What are my state taxes if I live in PA but work in NY?

The income you receive from NY sources is taxable by NY. All income you receive from any source in the world (including the NY income) is taxable by PA. You will need to file a NY non-resident income tax return at the end of the year. You will also file a PA resident income tax return. Attach Schedule G-L to your PA income tax return. This will allow you to claim a credit for the tax you paid to NY against the tax you owe PA. Note that the amount of the credit cannot exceed the tax that PA would have charged on the same income. In effect, the combined tax you will be paying PA and NY for your NY wages will be the same as the higher of the two rates. Since your NY employer won't be deducting any PA state income taxes, you may have to pay quarterly estimated tax payments to PA in order to avoid an underpayment penalty. Remember you have to pay PA tax on all of your other income besides just your wages. You'll need to estimate how much your PA tax for the year will be after deducting the credit for NY taxes on your wages and make the appropriate quarterly payments.


What is the Pennsylvania sales tax?

PA sales tax is 6%

Related questions

If you live in FL and work in PA do you have to pay state income tax in PA?

Yes you will have to file the Pa state income tax return correctly to determine if you have to pay any PA state income tax.


Is your annuity subject to pa inheritance tax?

does a beneficiary of an annuity pay pa inheritance tax


What tax do you pay if you buy a car in PA and live in NJ?

You pay NJ tax.


Do you have to pay income tax in pa if you live you fl and work in pa?

You will have to file a non resident or part year resident PA state income tax return correctly to determine if you will have to pay PA. state income taxes.


What capital gains would you owe on commercial property you bought November 8 2001 if you sold for 470000 in Florida?

What % of capitol gains would be paid on a commerical sale in PA?


Do you have to pay sales tax on cleaning services in PA?

yes you have to pay sales tax if you OWN the cleaning service, but if you are a customer of a cleaning service then its the responsibility of the service to pay it!


Does consumer from PA have to to pay sales tax on shipping when orderingfrom a PA retailer on line?

yes. ordering out of state you do not.


Do you pay state taxes in Pennsylvania?

If you are a PA resident, nonresident or a part-year PA resident, you must file a PA tax return if: • You received total PA gross taxable income in excess of $33, even if no tax is due with your PA return; and/or • You incurred a loss from any transaction as an individual, sole proprietor, partner in a partnership or PA S corporation shareholder. PA law does not exempt a minor from the above requirements to file a PA tax return even if claimed as a dependent on a federal return. The executor, administrator, or other person responsible for the affairs of a decedent must file a PA tax return if the decedent met the above requirements. Pennsylvania taxes eight classes of income: (1) compensation; (2) net profits from the operation of a business, profession or farm; (3) net gains or income less net losses from dispositions of property; (4) net gains or income from rents, royalties, patents and copyrights; (5) dividends; (6) interest; (7) gambling winnings (except Pennsylvania Lottery winnings); and (8) net gains or income derived through estates or trusts.


Is a silencer illegal in pa?

I don't believe so. But, you must pay for a tax stamp...................


Do you have to file state and local taxes every year in pa?

If you are a PA resident, nonresident or a part-year PA resident, you must file a PA tax return if: • You received total PA gross taxable income in excess of $33, even if no tax is due with your PA return; and/or • You incurred a loss from any transaction as an individual, sole proprietor, partner in a partnership or PA S corporation shareholder. PA law does not exempt a minor from the above requirements to file a PA tax return even if claimed as a dependent on a federal return. The executor, administrator, or other person responsible for the affairs of a decedent must file a PA tax return if the decedent met the above requirements. Pennsylvania taxes eight classes of income: (1) compensation; (2) net profits from the operation of a business, profession or farm; (3) net gains or income less net losses from dispositions of property; (4) net gains or income from rents, royalties, patents and copyrights; (5) dividends; (6) interest; (7) gambling winnings (except Pennsylvania Lottery winnings); and (8) net gains or income derived through estates or trusts.


where to mail PA tax forms?

where to mail pa tax forms


What is the capital and abbreviation for Pennsylvania?

Pennslyvania is PA and capital, Harrisburg