I live in Bloomfield Township in Pennsylvania. When I go online to do my local taxes on Berkheimer, there is no Schedule D form available to fill out. Does that mean it does not have to be claimed?
Capital gains, as well as other types of unearned income such as dividends and interest, are not subject to the local earned income tax. Pensions, Social Security, and unemployment benefits also are not subject to the local earned income tax.
Answered by: William R. Lazor, CPA, is a partner/shareholder with Kronick Kalada Berdy & Company PC in Kingston, Pa.