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Wisconsin Capital Gains and Losses
Extracted from PDF file 2023-wisconsin-schedule-wd-form-2.pdf, last modified October 2015Capital Gains and Losses
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Schedule WD Wisconsin Department of Revenue Save Capital Gains and Losses u Clear 2023 Include with Wisconsin Form 1 or 1NPR u Name(s) shown on Form 1 or Form 1NPR Part I Print Your social security number Short-Term Capital Gains and Losses – Assets Held One Year or Less Note: Round all amounts (use a minus sign (-) for negative amounts) (d) (e) Proceeds (sales price) Cost or other basis (g) Adjustments to gain or loss from Form(s) 8949, Part I, line 2, column (g) (h) Gain or loss Subtract column (e) from column (d) and combine the result with column (g) 1 a Amount from line 1a of Schedule D .00 .00 .00 1 b Amount from line 1b of Schedule D .00 .00 .00 .00 2 Amount from line 2 of Schedule D .00 .00 .00 .00 3 Amount from line 3 of Schedule D .00 .00 .00 .00 4 Short-term gain from Form 6252 and short-term gain or loss from Forms 4684, 6781, and 8824 . . . . . . . . . . . . . 4 .00 5 Net short-term gain or loss from partnerships, S corporations, estates, and trusts from Schedule(s) K‑1 . . . . . . . . . . 5 .00 6 Adjustment from Wisconsin Schedule T (see Basis Difference in instructions) . . . . . . . . . . . . . . . . . . . . . . . . . . 6 .00 7 Short-term capital loss carryover from 2022 Wisconsin Schedule WD, line 34. Enter amount as a negative number . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 7 .00 8 Net short-term capital gain or loss. Combine lines 1a through 7 in column (h) . . . . . . . . . . . . . . . . . . . . . . . 8 .00 Part II Long-Term Capital Gains and Losses – Assets Held More Than One Year Note: Round all amounts (use a minus sign (-) for negative amounts) (d) (e) Proceeds (sales price) Cost or other basis (g) Adjustments to gain or loss from Form(s) 8949, Part II, line 2, column (g) (h) Gain or loss Subtract column (e) from column (d) and combine the result with column (g) 9 a Amount from line 8a of Schedule D .00 .00 .00 9 b Amount from line 8b of Schedule D .00 .00 .00 .00 10 Amount from line 9 of Schedule D .00 .00 .00 .00 11 Amount from line 10 of Schedule D .00 .00 .00 .00 12 Gain from Form 4797, Part I; long-term gain from Forms 2439 and 6252; and long-term gain or loss from Forms 4684, 6781, and 8824 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 12 .00 13 Net long-term gain or loss from partnerships, S corporations, estates, and trusts from Schedule(s) K‑1 . . . . . . . . . . 13 .00 14 Capital gain distributions . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 14 .00 15 Adjustment from Wisconsin Schedule T (see Basis Difference in instructions) . . . . . . . . . . . . . . . . . . . . . . . . 15 .00 .00 15 a Adjustment from Wisconsin Schedule QI. Enter amount as a negative number. . . . . . . . . . . . . . . . . . . . . . . . . 15a 16 Long-term capital loss carryover from 2022 Wisconsin Schedule WD, line 39. Enter amount as a negative number . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 16 .00 17 Net long-term capital gain or loss. Combine lines 9a through 16 in column (h) . . . . . . . . . . . . . . . . . . . . . . 17 .00 Go on to Part III I-070i (R. 08-23) → 2023 Schedule WD Name Page 2 of 2 Social Security Number Part III Summary of Parts I and II (see instructions) - use a minus sign (-) for negative amounts. 18 Combine lines 8 and 17, and fill in the net gain or loss here (if line 18 is a loss, go to line 28) . . . . . . . . . . . . 18 19 Fill in the smaller of line 17 or 18, or -0- if a loss or no entry on line 17 . . . . . . . . . . . . 19 .00 20 Fill in 30% of line 19 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 20 .00 21 Fill in the amount of long-term capital gain from the sale of farm assets listed on Form 8949 and taxable to Wisconsin plus gain from the sale of farm assets that is included on line 12 or 13 of Schedule WD. If zero, skip lines 22 through 25 and fill in the amount from line 20 on line 26 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 21 .00 22 Gain included in line 17. Do not include any losses in this amount . . . . . . . . . . . . . . . 22 .00 23 Divide line 21 by line 22. Carry the decimal to 4 places . . . . . . . . . . . . . . . . . . . . . . . . 23 .00 . 24 Multiply line 19 by the decimal amount on line 23 . . . . . . . . . . . . . . . . . . . . . . . . . . . . 24 .00 25 Fill in 30% of line 24 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 25 .00 26 Add lines 20 and 25 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 26 .00 27 Subtract line 26 from line 18 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 27 .00 28 If line 18 shows a loss, fill in the smaller of: (a) The loss on line 18, (b) $3,000/$1,500 (see instructions), or Note: When figuring whether a, b, or c is smaller, treat (c) Wisconsin ordinary income (see instructions) . . . . 28 all numbers as if they are positive. .00 Part IV Computation of Wisconsin Adjustment to Income 29 Adjustment (see instructions for Part IV and Schedule I adjustments) a Fill in gain from line 7 of federal Form 1040 or 1040-SR, or gain from line 1e of Schedule I, if filed (if a loss, fill in -0-) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 29a .00 b Fill in gain from Part III, line 27, (if blank, fill in -0-) . . . . . . . . . . . . . . . . . . . . . . . 29b .00 c If line 29b is more than 29a, subtract line 29a from line 29b. See instructions on where to enter this amount . . 29c .00 d If line 29b is less than 29a, subtract line 29b from line 29a. See instructions on where to enter this amount . . 29d .00 e Fill in loss from line 7 of federal Form 1040 or 1040-SR, as a positive amount or the loss from line 2c of Schedule I, if filed (if a gain, fill in -0-) . . . . . . . 29e .00 f Fill in loss from Part III, line 28 as a positive amount . . . . . . . . . . . . . . . . . . . . 29f .00 g If line 29f is more than 29e, subtract line 29e from line 29f. See instructions for where to enter this amount. . 29g .00 h If line 29f is less than 29e, subtract line 29f from line 29e. See instructions for where to enter this amount . 29h .00 Part V Computation of Capital Loss Carryovers from 2023 to 2024 (Complete this part if the loss on line 18 is more than the loss on line 28.) 30 Fill in loss shown on line 8 as a positive amount. If none, fill in -0- and skip lines 31 through 34 . . . . . . . . . 30 .00 31 Fill in gain shown on line 17. If that line is blank or shows a loss, fill in -0- . . . . . . . . . . . . . . . . . . . . . . . . . . . 31 .00 32 Subtract line 31 from line 30 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 32 .00 33 Fill in the smaller of line 28 or line 32, treating both as positive amounts . . . . . . . . . . . . . . . . . . . . . . . . . . . . 33 .00 34 Subtract line 33 from line 32. This is your short-term capital loss carryover from 2023 to 2024 . . . . . . . . . . 34 .00 35 Fill in loss from line 17 as a positive amount. If none, fill in -0- and skip lines 36 through 39 . . . . . . . . . . . 35 .00 36 Fill in gain shown on line 8. If that line is blank or shows a loss, fill in -0-. . . . . . . . . . . . . . . . . . . . . . . . . . . . 36 .00 37 Subtract line 36 from line 35 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 37 .00 38 Subtract line 33 from line 28, treating both as positive amounts. (Note: If you skipped lines 31 through 34, fill in amount from line 28 as a positive amount.) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 38 .00 39 Subtract line 38 from line 37. This is your long-term capital loss carryover from 2023 to 2024. . . . . . . . . . 39 .00
2023 I-070 Wisconsin Schedule WD, Capital Gains and Losses (fillable)
More about the Wisconsin Schedule WD (Form 2) Corporate Income Tax TY 2023
We last updated the Capital Gains and Losses in February 2024, so this is the latest version of Schedule WD (Form 2), fully updated for tax year 2023. You can download or print current or past-year PDFs of Schedule WD (Form 2) directly from TaxFormFinder. You can print other Wisconsin tax forms here.
Related Wisconsin Corporate Income Tax Forms:
TaxFormFinder has an additional 88 Wisconsin income tax forms that you may need, plus all federal income tax forms. These related forms may also be needed with the Wisconsin Schedule WD (Form 2).
| Form Code | Form Name |
|---|---|
| Schedule WD | Capital Gains and Losses |
View all 89 Wisconsin Income Tax Forms
Form Sources:
Wisconsin usually releases forms for the current tax year between January and April. We last updated Wisconsin Schedule WD (Form 2) from the Department of Revenue in February 2024.
About the Corporate Income Tax
The IRS and most states require corporations to file an income tax return, with the exact filing requirements depending on the type of company.
Sole proprietorships or disregarded entities like LLCs are filed on Schedule C (or the state equivalent) of the owner's personal income tax return, flow-through entities like S Corporations or Partnerships are generally required to file an informational return equivilent to the IRS Form 1120S or Form 1065, and full corporations must file the equivalent of federal Form 1120 (and, unlike flow-through corporations, are often subject to a corporate tax liability).
Additional forms are available for a wide variety of specific entities and transactions including fiduciaries, nonprofits, and companies involved in other specific types of business.
Historical Past-Year Versions of Wisconsin Schedule WD (Form 2)
We have a total of ten past-year versions of Schedule WD (Form 2) in the TaxFormFinder archives, including for the previous tax year. Download past year versions of this tax form as PDFs here:
2023 Schedule WD (Form 2)
2023 I-070 Wisconsin Schedule WD, Capital Gains and Losses (fillable)
2022 Schedule WD (Form 2)
2022 I-070 Wisconsin Schedule WD, Capital Gains and Losses (fillable)
2020 Schedule WD (Form 2)
2020 I-070 Wisconsin Schedule WD, Capital Gains and Losses (fillable)
2019 Schedule WD (Form 2)
2019 I-070 Wisconsin Schedule WD, Capital Gains and Losses (fillable)
2018 Schedule WD (Form 2)
2018 I-070 Schedule WD - Capital Gains and Losses
2017 Schedule WD (Form 2)
2017 I-027 Schedule WD - Capital Gains and Losses - Form 2
2016 Schedule WD (Form 2)
2016 I-027 Wisconsin Schedule WD (Form 2), Capital Gains and Losses
2015 Schedule WD (Form 2)
2015 I-027 Wisconsin Schedule WD (Form 2), Capital Gains and Losses (fillable)
2013 Schedule WD (Form 2)
2013 I-027 Wisconsin Schedule WD (Form 2), Capital Gains and Losses (fillable)
2012 Schedule WD (Form 2)
2012 I-027 Wisconsin Schedule WD (Form 2), Capital Gains and Losses
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