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TomG1
Returning Member

Carryover capital losses for WI return

Hi Community-

 

For tax year 2022,  I had short-term capital losses of -71,692 and long-term capital losses of -66.

These amounts were used to carryover to tax year 2023 to enter -3000 on the Federal return.    These cap losses were not included in the Wisconsin state return(s)  thus far. 

 

Question:   other than not getting the benefit of using these cap losses in the Wisconsin state returns- do I have any liability for not incorporating these losses in the WI state return?  

 

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1 Reply
KrisD15
Expert Alumni

Carryover capital losses for WI return

As of tax year 2023, Wisconsin will recognize 3000 capital losses and allow them to be carried over to be used in later years. 

 

I'm not sure I understand your question, why would you not want to claim the loss on your Wisconsin return?

 

[Edited 04/04/2025 I 6:24am PST]

 

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