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February 19, 2025
Question

Property sale in NY - Wisconsin Resident

  • February 19, 2025
  • 1 reply
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We sold a vacant parcel of property in NY and they collected Income Tax on the gain at the time of the sale. How do we report this on our Wisconsin Resident return? Can we this on our itemized schedule?

    1 reply

    February 21, 2025

    You will have to file a New York nonresident tax return to report the sale.  The income will be reported on your Wisconsin tax return so you will have to add the Credit for taxes paid to New York.