Pennsylvania Code (Last Updated: April 5, 2016) |
Title 61. REVENUE |
PART I. Department of Revenue |
Subpart B. General Fund Revenues |
Article V. Personal Income Tax |
Chapter 125. Personal Income Tax PronouncementsStatements of Policy |
Section 125.43. Recoveries of converted property
Latest version.
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No gain is realized on the recovery of involuntarily converted property unless the taxpayer has previously claimed a business or nonbusiness loss on its conversion.
The provisions of this § 125.43 adopted April 16, 1999, effective April 17, 1999, 29 Pa.B. 2037.