Fillable Form 2 - Wisconsin Capital Gains And Losses

2015

Schedule WD (Form 2)

Page 2

Name of estate or trust

Decedent's social security number

Estate or trust federal EIN

Part III

Summary of Parts I and II (see instructions)

18 Combine lines 8b and 17b, and fill in the net gain or (loss) here (if line 18 is a loss, go to line 28) . . . 18

19 If line 18 shows a gain, fill in the smaller of line 17b or 18 . Fill in -0- if

there is a loss or no entry on line 17b . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 19

20 Fill in 30% of line 19

. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 20

21 Fill in the amount of nondistributable long-term gain from

the sale of farm assets listed on federal Form 8949 and

taxable to Wisconsin plus nondistributable gain from the

sale of farm assets that is included in line 12 or 13 of

Schedule WD (Form 2) . If zero, skip lines 22-25

and fill in the amount from line 20 on line 26 . . . . . . . . . 21

22 Fill in the amount of long-term capital gain included in

line 17b . Do not include any losses in this amount . . . . 22

23 Divide line 21 by line 22 .

Carry the decimal to 4 places . . . . . . . . . . . . . . . . . . . . 23

24 Multiply line 19 by the decimal amount on line 23 . . . . . 24

25 Fill in 30% of line 24

. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 25

26 Add lines 20 and 25 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 26

27 Subtract line 26 from line 18 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 27

28 If line 18 shows a loss, fill in the smaller of:

(a) The loss on line 18, (b) $500, or (c) Wisconsin ordinary income (see instructions) . . . . . . . . . . . . . 28

Note: When figuring whether 28a, 28b, or 28c is smaller, treat all numbers as if they are positive.

If capital gain income is used or set aside for charitable purposes, see instructions .

Part IV

Computation of Wisconsin Adjustment to Income

(Do not complete this part if you are filing Schedule NR . )

29 Adjustment (see instructions for Part IV)

a Portion of the capital gain from federal Form 1041 allocable to the estate

or trust (if a loss, fill in -0-) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 29a

b Fill in gain from line 27 above (if blank, fill in -0-) . . . . . . . . . . . . . . . . . . . . .29b

c If line 29b is more than line 29a, subtract line 29a from line 29b .

Fill in result here and on line 4 of Schedule A, Form 2 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 29c

d If line 29b is less than line 29a, subtract line 29b from line 29a .

Fill in result here and on line 9 of Schedule A, Form 2 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 29d

e Portion of the capital loss from federal Form 1041 allocable to the

estate or trust . Fill in as a positive amount (if a gain, fill in -0-) . . . . . . . . . . 29e

f Fill in loss from line 28 above as a positive amount

(if blank, fill in -0-) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 29f

g If line 29f is more than line 29e, subtract line 29e from line 29f . Fill in result here and on

line 9 of Schedule A, Form 2 as a positive amount (if you also have an amount on line 29d,

add the amounts on lines 29d and 29g, and fill in only the total on line 9 of Schedule A) . . . . . . . . 29g

h If line 29f is less than line 29e, subtract line 29f from line 29e . Fill in result here and on

line 4 of Schedule A, Form 2 as a positive amount (if you also have an amount on line 29c,

add the amounts on lines 29c and 29h, and fill in only the total on line 4 of Schedule A) . . . . . . . . 29h

(Complete this part if the loss on line 18 is more than the loss on line 28.)

Part V

Computation of Capital Loss Carryovers From 2015 to 2016

Short-Term Capital Loss Carryover

30 Fill in loss shown on line 8b as a positive amount . If none, fill in -0- and skip lines 31 through 34 . . . . 30

31 Fill in gain shown on line 17b . If that line is blank or shows a loss, fill in -0- . . . . . . . . . . . . . . . . . . . . . 31

32 Subtract line 31 from line 30 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 32

33 Fill in the smaller of line 28 or line 32, treating both as positive amounts . . . . . . . . . . . . . . . . . . . . . . . 33

34 Subtract line 33 from line 32 . This is your short-term capital loss carryover from 2015 to 2016 . . . . . 34

Long-Term Capital Loss Carryover

35 Fill in loss from line 17b as a positive amount . If none, fill in -0- and skip lines 36 through 39 . . . . . . . 35

36 Fill in gain shown on line 8b . If that line is blank or shows a loss, fill in -0- . . . . . . . . . . . . . . . . . . . . . . 36

37 Subtract line 36 from line 35 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 37

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

39 Subtract line 38 from line 37 . This is your long-term capital loss carryover from 2015 to 2016 . . . . . . 39

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Form 2 - Wisconsin Capital Gains And Losses - 2015 Page 2

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