REV-861: Schedule DA - Disposition of Assets (REV-861) (Revision)
Pennsylvania · Pennsylvania DOR · Used for tax years 2024, 2025, 2026
Pennsylvania REV-861 Schedule DA reports a corporation’s disposition of assets, including asset costs, sale prices or fair market values, and gains. It also collects information about installment sale receivables, undistributed property, and Pennsylvania property dispositions.
Who files this form
Schedule DA collects information about a corporation’s disposition of assets. The form specifically requires corporations withdrawing from Pennsylvania but continuing operations outside Pennsylvania to provide:
- Full details of the disposition of Pennsylvania property.
- Whether Pennsylvania sales will continue after the date of cessation and, if so, how they will be negotiated and by whom.
The form does not give a complete rule for which corporations must file Schedule DA.
What you'll need
Have the corporation’s name, FEIN, and tax year beginning and ending dates ready, along with the asset information requested on the form:
- Description and cost of each asset as reported on the balance sheets.
- Sale price or fair market value on the distribution date.
- Gain on disposition and whether it was reported on federal Schedule D or Form 4797.
Depending on the transactions, the form also requires:
- Distributed installment-sale receivables: Sale dates, total gain distributed, and a schedule showing the gain reported in net income per books for each year.
- Liquidation under IRC Section 332: A copy of federal Form 966 included with RCT-101, PA Corporate Net Income Tax Report.
- Withdrawal from Pennsylvania while continuing operations elsewhere: Details of Pennsylvania property dispositions, copies of federal Schedule D and/or Form 4797 if applicable, and information about any continuing Pennsylvania sales.
- Real estate distributed or sold within the final tax year: Documentation showing that the title transfer was recorded with the local recorder of deeds.
- Assets received by anyone other than stockholders and creditors: Each recipient’s name, address, and amount or value received.
- Undistributed money or property: Its amount, nature, value, and the reason it has not been distributed.
Common mistakes
- Using cents: The form says to use whole dollars only.
- Leaving out information because there is not enough space: Include an additional schedule when more space is needed.
- Omitting the installment-sale gain schedule: Include a schedule showing the amount of gain reported in each year.
- Missing required attachments: Include federal Form 966 with RCT-101 for a liquidation under IRC Section 332. For real estate distributed or sold within the final tax year, include documentation of the recorded title transfer.
Questions people ask
How is the gain on disposition calculated on this form?
The form describes the gain as the sale price or fair market value minus book value and the cost of sale.
What if the corporation distributed installment-sale receivables?
Provide the sale dates, total gain distributed, and the tax years when the gains were included in net income per books. Include a schedule showing the gain reported in each year. Use whole dollars only.
What if money or property remains undistributed?
State the amount, nature, and value, and explain why it has not been distributed. Include additional schedules if necessary.
What if someone other than a stockholder or creditor received assets?
List the name and address of each individual or corporation and the amount or value each received.
What if Pennsylvania sales will continue after the corporation withdraws?
Corporations withdrawing from Pennsylvania but continuing operations outside the state must indicate whether Pennsylvania sales will continue after the date of cessation. If they will, explain how the sales will be negotiated and by whom.