JamesG1
Expert Alumni

State tax filing

No, Wisconsin should only tax investment income from Wisconsin sources.

 

Wisconsin Department of Revenue states:

 

What income does Wisconsin tax?

 

Nonresidents 

 

Wisconsin taxes only your income from Wisconsin sources.

 

Depending upon the nature of the interest, dividend and investment income, make sure that the income is clearly defined as belonging to the home of residence and not the nonresident state.  For instance, dividends can be identified by state in box 14.  Interest income can be identified by state in box 15. 

 

In TurboTax Desktop, this income may be assigned from Wisconsin to the home state by correcting the Non-Wisconsin amount on the Income Allocation Worksheet.

 

@KCR1 

 

 

 

**Say "Thanks" by clicking the thumb icon in a post
**Mark the post that answers your question by clicking on "Mark as Best Answer"