Wisconsin Schedule WD

Schedule WD is used to determine the amount of capital gain or loss which you must include in Wisconsin income.  Genreally, all amounts reported on your federal Schedule D must be reported on Schedule WD.  However, for Wisconsin tax purposes, you may exclude 60% of the net capital gain from assets held more than one year.

The amount of net capital loss that can be applied against other income after offsetting capital gains is limited to $500.00.  Unused capital losses are carried over to later years until fully used.

Enter the amount of Carryover from last year's return.

Enter the amount of short term and long term capitals gains from your partnership, estate or S-corparation along with any neccessary adjuments.