turbotax icon
cancel
Showing results for 
Search instead for 
Did you mean: 
Announcements
Close icon
Do you have a TurboTax Online account?

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

Is this correct usage of capital gain for state of Wisconsin?

Lived in Wisconsin and sold Michigan property in 2018. State of Wisconsin is applying capital gain information from Michigan. Is this correct or should it only be on federal and Michigan state form?

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.

1 Best answer

Accepted Solutions

Is this correct usage of capital gain for state of Wisconsin?

6 Replies

Is this correct usage of capital gain for state of Wisconsin?

 

Is this correct usage of capital gain for state of Wisconsin?

if you are using TT for the two state returns, TT should handle this automatically 

Is this correct usage of capital gain for state of Wisconsin?

 

Is this correct usage of capital gain for state of Wisconsin?

Turbo pulled in my Wisconsin state automatically before my other two states. So I completed it in this order Wi( part year), Michigan( non resident), IL (part year). Should I delete the returns and revise them so Michigan is first? Asking because I do not want issues and seems like my states were bringing up some conflict-ions originally. 

Is this correct usage of capital gain for state of Wisconsin?

Look at the return where you are a resident and you should see a credit for the taxes paid to the other two states

While TT suggests doing the non- resident first, I can’t imagine it really matters .... the software recalculates every time you change an input ... and.... if there software was calculating incorrectly, their guarantee would kick in for an incredible number of users who file in multiple states.... could be over a million!

I am actually surprised TT states the order as much of the information is filled in every time you enter a document .

Low risk and if it is wrong, TT would cover penalties and interest

Is this correct usage of capital gain for state of Wisconsin?

 

Unlock tailored help options in your account.

message box icon

Get more help

Ask questions and learn more about your taxes and finances.

Post your Question