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Level 2
May 5, 2020
Question

Sale of Florida Property vs Wisconsin resident

  • May 5, 2020
  • 3 replies
  • 16 views

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

Just-Lisa-Now-
Intuit Community Champion
May 5, 2020

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

♪♫•*¨*•.¸¸♥Lisa♥¸¸.•*¨*•♫♪
Accountant-Man
Level 13
May 5, 2020

Does WI tax gains?

** I am "Elevating with Intention!"
IRonMaN
Level 15
May 5, 2020

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

Slava Ukraini!