Instructions for Form I-070I Schedule WD Capital Gains and Losses - Wisconsin

Form I-070I Schedule WD Capital Gains and Losses - Wisconsin

This document contains official instructions for Form I-070I Schedule WD, Capital Gains and Losses - a form released and collected by the Wisconsin Department of Revenue. An up-to-date fillable Form I-070I Schedule WD is available for download through this link.

FAQ

Q: What is Form I-070I Schedule WD?A: Form I-070I Schedule WD is a tax form used to report capital gains and losses specifically for residents of Wisconsin.

Q: What are capital gains and losses?A: Capital gains are profits made from the sale of assets such as stocks or real estate, while capital losses are losses incurred from selling assets for less than their original purchase price.

Q: Who should file Form I-070I Schedule WD?A: Residents of Wisconsin who have capital gains or losses during the tax year should file Form I-070I Schedule WD.

Q: What information is required on Form I-070I Schedule WD?A: Form I-070I Schedule WD requires you to provide details of each capital gain or loss transaction, including the date of sale, the purchase price, and the sales price.

Q: When is Form I-070I Schedule WD due?A: Form I-070I Schedule WD is typically due on the same date as your individual income tax return, which is usually April 15th of each year.

Q: Can I e-file Form I-070I Schedule WD?A: Yes, you can e-file Form I-070I Schedule WD if you are filing your individual income tax return electronically.

Q: Are there any specific instructions for completing Form I-070I Schedule WD?A: Yes, the instructions for completing Form I-070I Schedule WD are provided on the form itself. It is important to read and follow these instructions carefully to ensure accurate reporting of your capital gains and losses.