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State tax filing
Follow up request on: "Please tell me how to navigate to Wisonsin tax TT Premier to change the subtraction for long term capital gain for sale of farmland to 60% instead of the 30% subtraction I'm now receiving. Reference Schedu1 SB line 5."
Same question rephrased for my situation:
Please tell me how to navigate to Wisconsin TT Premier to reflect the subtraction for long term capital gain for 30%. It appears to me that Wisconsin is taxing the full amount even though it is a long-term gain. I have already submitted my forms but have been told by financial advisor that amount owed Wisconsin is higher than one would expect (got a federal refund) so I'm looking for where I went wrong with state return.
May 4, 2022
8:04 AM