From WI Form 1 Instructions, see Exception, this is a change from prior year, but where do we enter the 30%, Turbo Tax doesn't seem to carry it over any more?
Line 10 Capital Gain / Loss Subtraction
If your federal adjusted gross income includes capital gains and/or losses from line 13 of federal Schedule 1 (Form 1040), you must complete Schedule WD. You must also complete Schedule WD if your federal adjusted gross income does not include capital gains and/or losses, but you have a capital loss carryover for Wisconsin tax purposes.
Schedule WD determines whether any capital gain/loss subtraction must be reported on line 10. For example, after completing Schedule WD, you may be able to include an amount as a subtraction on line 10 because you qualify for the 30% long-term capital gain exclusion (60% in the case of farm assets).
All amounts must be filled in on line 10 as positive numbers.
EXCEPTION If the only amount reported as a capital gain on line 13 of your federal Schedule 1 (Form 1040) is a capital gain distribution from a mutual fund or real estate investment trust and you have no Wisconsin capital loss carryover, you may claim a long-term capital gain exclusion on line 10. Fill in 30% of the amount of the capital gain distribution on line 10. Do not complete Wisconsin Schedule WD.
