topic I'm trying to simply report the sale of a home in Wisconsin (I'm a Colorado resident) and show the capital gains from that sale. Is there a trick to it? in Deductions & credits

I'm trying to simply report the sale of a home in Wisconsin (I'm a Colorado resident) and show the capital gains from that sale. Is there a trick to it?

rick00 — Tue, 03 Feb 2026 06:48:52 GMT

When I tried to complete the WI forms, I show a large amount due even though I reported estimated taxes for WI. Do I need to adjust the capital gains on my WI return that are reported on my Federal, but are not WI gains?

Re: I'm trying to simply report the sale of a home in Wisconsin (I'm a Colorado resident) and sho...

DawnC — Wed, 15 Jan 2025 00:32:50 GMT

You need a resident Colorado resident return and a non-resident Wisconsin return. Report the sale on your federal return and prepare the non-resident WI return before you complete the resident (CO) return. TurboTax will ask you what income belongs to WI; choose only the capital gain from the sale of the home. Colorado will tax all of your income, but you will be able to take a credit for any tax paid to WI.

Using the instructions, linked below, enter all estimated tax payments you made on your federal return. TurboTax will apply them to your state return(s). Choose State estimated taxes for 2024, then enter the state, amount and date you made the payments.

Where do I enter the estimated tax payments I made during 2024?

Re: I'm trying to simply report the sale of a home in Wisconsin (I'm a Colorado resident) and show the capital gains from that sale. Is there a trick to it?

rick00 — Wed, 15 Jan 2025 02:18:04 GMT

Thanks to Dawn for her reply. I also found out that the Form 1NPR from Wisconsin will not be available on TurboTax until mid February, which is why I am getting the erroneous amount due. I found the form on the Wisconsin DOR and did it manually for a check and balance and it turns out I should be getting a refund. Now to just wait until the form is available on TurboTax.