Schedule WD is used to determine the amount of capital gain or loss which you must include in Wisconsin income. Generally, all amounts reported on your federal Schedule D must be reported on Schedule WD. However, for Wisconsin, you may exclude 30% of the net capital gain from assets held more than one year (60% in the case of farm assets). The amount of net capital loss that can be applied against other income after offsetting capital gains is limited to $3,000 ($1,500 if married and not filing
a joint return). Unused capital losses are carried over to later years until fully used.
For additional information, please see the Schedule WD instructions.