ScheduleGL: ScheduleGL (2024)
Wisconsin · Wisconsin DOR · Used for tax years 2024
Wisconsin Schedule GL calculates the gain or loss on the sale of your home using the selling price, selling expenses, and adjusted basis. It is included with Wisconsin Schedule H.
Who files this form
The 2024 Wisconsin Schedule GL reports gain or loss on the sale of your home. The form says to include it with Wisconsin Schedule H.
What you'll need
Have the following information ready to complete Schedule GL:
- Name(s) shown on Schedule H and your Social Security number.
- The address of the home sold.
- Purchase date, sale date, and move-out date.
- Selling price and selling expenses.
- The home's basis, including increases and decreases to basis.
The form does not list specific supporting documents.
How to file
Include the completed Schedule GL with Wisconsin Schedule H. The provided form does not give a mailing address or e-filing instructions.
Common mistakes
Do not forget to include Schedule GL with Wisconsin Schedule H, as directed on the form.
Questions people ask
Which dates do I enter?
Enter the purchase date, sale date, and move-out date on lines 2 through 4. Use month, day, and four-digit year.
How do I calculate the amount realized?
Subtract selling expenses on line 6 from the selling price on line 5. Enter the result on line 7.
How do I calculate adjusted basis?
Add the basis of your home on line 8 and increases to basis on line 9. Enter that total on line 10. Then subtract decreases to basis on line 11 from line 10 and enter the result on line 12.
How do I calculate the gain or loss?
Subtract adjusted basis on line 12 from the amount realized on line 7. Enter the gain or loss on line 13.