Fillable Schedule Wd (Form 2) - Capital Gains And Losses

2012

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)

16 Combine lines 7b and 15b, and fill in the net gain or (loss) here (if line 16 is a loss, go to line 26) . . . . . 16

17 If line 16 shows a gain, fill in the smaller of line 15b or 16 . Fill in -0- if

there is a loss or no entry on line 15b . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 17

18 Fill in 30% of line 17

. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 18

19 Portion of the amount on line 14, column (g) that is

attributable to the nondistributable portion of gain on

the sale of farm assets . If zero, skip lines 20-23

and fill in the amount from line 18 on line 24 . . . . . . . . . . 19

20 Nondistributable portion of the amount from

line 14, column (g) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 20

21 Divide line 19 by line 20 .

Carry the decimal to 4 places . . . . . . . . . . . . . . . . . . . . . 21

22 Multiply line 17 by the decimal amount on line 21 . . . . . . 22

23 Fill in 30% of line 22

. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 23

24 Add lines 18 and 23 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 24

25 Subtract line 24 from line 16 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 25

26 If line 16 shows a loss, fill in the smaller of:

(a) The loss on line 16, (b) $500, or (c) Wisconsin ordinary income (see instructions) . . . . . . . . . . . . . . . 26

Note: When figuring whether 26a, 26b, or 26c 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 .)

27 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-) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 27a

b Fill in gain from line 25 above (if blank, fill in -0-) . . . . . . . . . . . . . . . . . . . . . . 27b

c If line 27b is more than line 27a, subtract line 27a from line 27b .

Fill in result here and on line 4 of Schedule A, Form 2 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 27c

d If line 27b is less than line 27a, subtract line 27b from line 27a .

Fill in result here and on line 9 of Schedule A, Form 2 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .27d

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-) . . . . . . . . . . . . 27e

f Fill in loss from line 26 above as a positive amount

(if blank, fill in -0-) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 27f

g If line 27f is more than line 27e, subtract line 27e from line 27f . 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 27d,

add the amounts on lines 27d and 27g, and fill in only the total) . . . . . . . . . . . . . . . . . . . . . . . . . . . . .27g

h If line 27f is less than line 27e, subtract line 27f from line 27e . 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 27c,

add the amounts on lines 27c and 27h, and fill in only the total) . . . . . . . . . . . . . . . . . . . . . . . . . . . . .27h

(Complete this part if the loss on line 16 is more than the loss on line 26.)

Part V

Computation of Capital Loss Carryovers From 2012 to 2013

Short-Term Capital Loss Carryover

28 Fill in loss shown on line 7b as a positive amount . If none, fill in -0- and skip lines 29 through 32 . . . . . . 28

29 Fill in gain shown on line 15b . If that line is blank or shows a loss, fill in -0- . . . . . . . . . . . . . . . . . . . . . . . 29

30 Subtract line 29 from line 28 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 30

31 Fill in the smaller of line 26 or line 30, treating both as positive amounts . . . . . . . . . . . . . . . . . . . . . . . . . 31

32 Subtract line 31 from line 30 . This is your short-term capital loss carryover from 2012 to 2013 . . . . . . . . 32

Long-Term Capital Loss Carryover

33 Fill in loss from line 15b as a positive amount . If none, fill in -0- and skip lines 34 through 37 . . . . . . . . . 33

34 Fill in gain shown on line 7b . If that line is blank or shows a loss, fill in -0- . . . . . . . . . . . . . . . . . . . . . . . . 34

35 Subtract line 34 from line 33 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 35

36 Subtract line 31 from line 26, treating both as positive amounts . (Note: If you skipped lines 29

through 32, fill in amount from line 26 as a positive amount.) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 36

37 Subtract line 36 from line 35 . This is your long-term capital loss carryover from 2012 to 2013 . . . . . . . . 37