MaryK4
Expert Alumni

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.

 

@rayehl

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