What is the Capital Gains Tax in WI for a second home sold in AZ

[493801]

What is the tax rate for capital gains in WI for selling a second home in AZ ?

[JotikaT2]

Wisconsin allows a 30% deduction in the long-term capital gains that are reported on the federal return.

However, Wisconsin only allows you to deduct $500 as a capital loss over any capital gains.

Please see the attached for more information.

WI capital gains treatment

[Hal_Al]

You will have to file an AZ non resident return and pay tax on the sale.

In regards to capital gains, Arizona has no special arrangement. Capital gains included on an individual's federal adjusted gross income are included on his or her gross income and taxed at the individual's regular tax rate.

WI will give you a partial credit for what you pay AZ.  The net effect is: you will (most likely) pay no WI tax on the sale. It all goes to AZ.