ErnieS0
Expert Alumni

State tax filing

To exclude capital gain from your Wisconsin nonresident return:

  • Go to the Wisconsin section of TurboTax
  • Keep going until you reach Here's the income that Wisconsin handles differently
  • Edit Wisconsin Capital Gains and Losses
  • Say YES to Adjustments for Capital Gains and Losses?
  • Continue to Long-Term Capital Gains and Losses Summary then Edit.
  • Check the box Don't report on my Wisconsin return.

Capital gains are not included in other state wages because they are not wages. Capital gains are 12% income in Massachusetts and reported on MA Schedule B.

 

Long-Term Gain or Loss

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