in [Event] Ask the Experts: Tax Law Changes - One Big Beautiful Bill
1148890
You'll need to sign in or create an account to connect with an expert.
There is a new process for businesses. WI instructions, page 18 say:
If you are a shareholder of a tax-option (S) corporation or partner of a partnership that elected to be taxed at the entity level, do not report the amount of capital gain or loss from Schedule 5K-1 or 3K-1 on Schedule WD. In addition, do not include the amount of capital gain or loss from the tax-option (S) corporation or partnership in the modification for lines 4 or 11, code 57 and 58. These items have already been removed from Wisconsin income when you completed Schedule WD. See the Schedule WD instructions for more information.
If you are not a business, it should be showing the same as always.
My capital loss carryover is not showing up from the 2019 return to my 2020 return. Why not?
Still have questions?
Questions are answered within a few hours on average.
Post a Question*Must create login to post
Ask questions and learn more about your taxes and finances.
ssolfest
Level 2
in [Event] Ask the Experts: Tax Law Changes - One Big Beautiful Bill
mjtax20
Returning Member
rspalmera
New Member
TomG1
Returning Member
Mary7820
Returning Member