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.
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?
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.