My wife and I file jointly in Illinois as full-time, retired residents.
My wife inherited real estate in Wisconsin and sold it six months later.
Do we need to file a Wisconsin tax return to avoid a matching notice on the 1099-S from the Wisconsin closing?
Since this is a short-term capital gain—not W-2 income—how do I fill out the Illinois and Wisconsin returns? Does the answer change if it is a capital loss and it is more than offset by other (Illinois) capital gains?
Thank you for reading this.
