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May 17, 2021
Question

real estate

  • May 17, 2021
  • 1 reply
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We sold a property in Wisconsin in 2020.  Do we need to pay Capital gains tax in both our home state of Pennsylvania, and Wisconsin, plus federal?

    1 reply

    May 17, 2021

    Yes. if you had a capital gain on the sale, you will be subject to federal, WI and PA tax. 

     

    The income is taxable by both states, but PA will give you credit (against your PA tax) for what you had to pay WI on the same income.