Why is my Nonresident Wisconsin capital gains showing as -0- on the summary page under investments? The Federal input amount transferred to state detail page correctly.

[JMS23]

It also does not show I owe any tax but that is not correct.
The capital gains is from a real estate sale.   
I do not have any other state tax returns.

Thanks!!

[AmyC]

To clarify, your WI sale is not showing up in your state return.  You can fill this form out for someone to call you.

[JMS23]

The details transferred over correctly from the Federal data input.  The details show up correctly in the state return.  However, the state return summary page under investments for cap gains shows zero and no tax due.

This is incorrect.

Is there contact info where I can get with someone directly that can assist with this?

This actually does not work.

I get a number to call with an ID.  Then automated response that they just send a link that has no answers relating to my question.  I ask to speak to an expert, and get put on hold, then silence/disconnect. 

[AmyC]

The state return is correct but the summary page is not correct. As long as the actual return is correct, all is well. Worksheets are not a part of a tax return, only actual forms go in to the state and federal. 

I am sorry you have had such a hard time getting in touch with help. The contact form is supposed to be the best method. We are here and glad to help!

[JMS23]

Thank you for the response, Amy!

Yes, the data is in there but showing -0- gains on the state summary and tax due in the section where federal & state tax due/refund shows.  There is also a calculation where the gain is reduced by 30% for this state.  I don't see that reflected nor a place to input it.

The amount is so small and spending so much time on this, lol.  But I know there is a gain and I owe tax.

Is there a way to actually review the state return, something to show the calculation/explanation that results in the gain and tax of -0-?  I can only see input and summaries. 
It doesn't make sense that it wouldn't show properly - as with federal I should be able to confirm the gain is correct.  Both the Federal refund and investment summary show correctly. 
I can't submit and file my returns if I can't properly review and believe it may be incorrect.

I've done a quick pass through the WI returns on the state's website and according to it I would owe this.

I thought adding it here in TT would be a lot more time efficient, but turns out not so much!

Between this and the whole issue created this year with TT's change in brokerage account imports rounding, I've spend wayyy too much time than should be necessary!

Thanks for the help!!

[AmyC · Accepted solution]

There are two ways to get the 30% reduction that I can find:

1. If the only amount reported on line 7, federal Form 1040, is a capital gain distribution from a mutual fund or REIT, and there is no Wisconsin capital loss carryover, the taxpayer may claim the capital gain exclusion by reporting 30% of the capital gain distribution as a subtraction
2. Sale of business assets or assets used in farming to a related person

Follow these directions to print:

1. Log in to your return
2. On the left side, select Tax Tools
3. select Print Center
4. Click on Print, save or preview this year's return
5. If you haven't paid, click Pay Now

Once paid, you can see all of the actual forms and review them.

While you are in the WI, you have to go through the income section.

When it comes to Adjustments for Gains or Losses, you may need to click Activate Gain or Loss Adjustment. It would be super easy to just click continue and miss that step. I suggest you review your WI income section again.

There is also a WI capital gains and losses section under Here's the income that WI handles differently. You should see your WI capital gain showing up there.

[JMS23]

EDIT - it appears there are several issues TT has done incorrectly with this return as I went to the WI DOR site and researched each line item input myself.

I need to delete the return and enter manually.  HOWEVER, since I already paid to review where I then found the TT system errors, it says I cannot delete it?   So I tried to just delete the forms and it said deleted successfully - but they are still in there.  

  Between this and the broker statement import issue everyone has had this year, I will have to find another service going forward as I don't feel I can trust this system to be correct and I have to basically do it all myself anyway.

Thank you so much for the response!

This was very helpful in trying to figure out what the issue is with seeing the return.

Can you or tell me where I can confirm the following:

 - on my 1099B broker statement, TT was only showing the place to click to exclude transactions from state returns transactions with adjustments included on form 8949.  So I manually went in to the WI return entered as an adjustment the total ST losses (without adj's) from Federal Schedule D, line 1a.  This finally gets my WI investment income to show up on the summary. 

ADDED:  This shows up on Schedule WD line 4.  This does not seem correct as it shows as a 'gain', and references other forms that are not generated.  But I don't see an option to eliminate this federal loss from the state return.  If I enter it instead to Basis Difference,  it adds it to line 6 and need schedule T, which the system did not generate.   The WI DOR website says Do Not include the federal for nonresidents.  There is no way to delete this.

Note:  In prior years, all of my broker input was on form 8949.  However with the changes this year TT made, it only shows those with adjustments.  If they were all on line 1B, I'd be able to simply click to exclude them. 
What Is this the correct place to do this since I cannot simply delete/exclude it?  

 - however, it still shows zero tax due because I have a loss on Schedule K-1.  There is not an option to click to exclude from WI income.

I would assume this needs to be excluded somewhere.
I just tried under Misc - WI non-taxable income.

This makes the return show that I have income/loss on line 11, but subtracts it back out on line 29 and finally shows tax due! 
Is this the correct way to remove the non-taxable for WI income?

The state gain is showing properly and the tax due.  I'm just not clear how/where these federal income/loss and More so on the capital loss should be excluded from the WI return.  

Thanks!

[anthum]

Data I put in not showing up on tax return

[JohnB5677]

@anthum  Please clarify what is not showing up on your return?

• What specifically isn't being recorded?
• What did you look at to determine it was missing?
  • Summary sheet?
  • 1040 tax return?
• Was this Federal, State or, Both?