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March 11, 2025
Question

Wisconsin Capital gains

  • March 11, 2025
  • 1 reply
  • 0 views

In the Turbotax "Easy Step" directions. A question is asked in the Capital Gains section to "Enter the amount of Capital Gains Distribution that is to be included for Wisconsin."  Why would that number be different than the number listed for the Federal amount?

    1 reply

    AmyC
    Employee
    March 12, 2025

    Two possibilities:

    1. Nonresident or part year -adjustment

    2. Resident with WI business related gains. See Capital gains deferral and exclusion.

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