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State tax filing
Yes, WI Schedule T would also apply to residents who sell property in another state, but only if it is required because the property had a different basis than used for the federal tax on business property.
Schedule T applies if you sell or an asset which has a different basis for Wisconsin than for federal income tax purposes or you claim depreciation or amortization on an asset which has a different basis for Wisconsin than for federal income tax purposes at the time the property is acquired.
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‎February 17, 2021
1:42 PM