turbotax icon
cancel
Showing results for 
Search instead for 
Did you mean: 
turbotax icon
cancel
Showing results for 
Search instead for 
Did you mean: 
turbotax icon
cancel
Showing results for 
Search instead for 
Did you mean: 
turbotax icon
cancel
Showing results for 
Search instead for 
Did you mean: 
Announcements
Event: Ask the Experts about your refund > RSVP NOW!
Close icon
Do you have a TurboTax Online account?

We'll help you get started or pick up where you left off.

timgrayatroscoe
Returning Member

I am a full year Illinois resident, we sold two non-primary homes in WI. There are reciprocal tax agreements between these two states concerning income taxes that allow income earned in WI to be reported only with IL. Does this include capital gains?

 
Connect with an expert
x
Do you have an Intuit account?

Do you have an Intuit account?

You'll need to sign in or create an account to connect with an expert.

3 Replies
TomD8
Level 15

I am a full year Illinois resident, we sold two non-primary homes in WI. There are reciprocal tax agreements between these two states concerning income taxes that allow income earned in WI to be reported only with IL. Does this include capital gains?

No.  The IL-WI reciprocal agreement applies ONLY to W-2 wages and salaries.  It does not apply to capital gains or to any other type of income.  You must file a non-resident WI return to report capital gains due to the sale of property located in WI.

**Answers are correct to the best of my ability but do not constitute tax or legal advice.
timgrayatroscoe
Returning Member

I am a full year Illinois resident, we sold two non-primary homes in WI. There are reciprocal tax agreements between these two states concerning income taxes that allow income earned in WI to be reported only with IL. Does this include capital gains?

Thank you.  The TurboTax Premier software only prepared the FED and IL forms.  It isn't prompting me to submit WI taxes.  How do I record this properly so that it's correctly reported on IL and WI forms? 

TomD8
Level 15

I am a full year Illinois resident, we sold two non-primary homes in WI. There are reciprocal tax agreements between these two states concerning income taxes that allow income earned in WI to be reported only with IL. Does this include capital gains?

In the personal info section of TT, indicate that you had income from another state, WI.  That will prompt the program to generate the WI return.

**Answers are correct to the best of my ability but do not constitute tax or legal advice.
message box icon

Get more help

Ask questions and learn more about your taxes and finances.

Post your Question
Manage cookies