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Sale of Florida Property vs Wisconsin resident

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Level 1

If you have a rental unit in Florida (where there is no state tax), and you sell it, 

do you report the income on your Wisconsin return? If not, where do you back off the capital gains

on the sale for Wisconsin

 

 

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3 Replies 3
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Level 15
Level 15

If youre a WI resident you pay the taxes on the WI return.


♪♫•*¨*•.¸¸♥Lisa♥¸¸.•*¨*•♫♪
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Level 11

Does WI tax gains?

** I'm still a champion... of the world! Even without The Lounge.
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Level 15

The answer hasn't changed since Saturday - it's still taxable in WI.

ex-AllStar, ex-Lutefisk taste taster, ex-ACME product tester
and ex marks the spot where those rocks and anvils hit me.