ScheduleGL: ScheduleGL (2025)
Wisconsin · Wisconsin DOR · Used for tax years 2025
Wisconsin Schedule GL calculates the gain or loss on the sale of your home. It records sale details, selling expenses, and adjustments to the home's basis, and is included with Wisconsin Schedule H.
Who files this form
The 2025 Wisconsin Schedule GL is used to report gain or loss on the sale of your home. The form directs you to include it with Wisconsin Schedule H. It does not state broader filing requirements.
What you'll need
The form asks for the following information:
- 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.
- Basis of the home, increases to basis, and decreases to basis.
The form does not list specific supporting documents.
How to file
Include your completed 2025 Schedule GL with Wisconsin Schedule H.
To complete the calculations:
- Subtract selling expenses from the selling price to find the amount realized on line 7.
- Add the home's basis and increases to basis on line 10.
- Subtract decreases to basis from line 10 to find the adjusted basis on line 12.
- Subtract line 12 from line 7 to find the gain or loss on line 13.
The provided form does not give a mailing address or e-filing instructions.
Common mistakes
Remember 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, using the month, day, and four-digit year fields.
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 on line 8 and increases to basis on line 9. Then subtract decreases to basis on line 11. Enter the result on line 12.
Where do I report the gain or loss?
Report it on line 13. Calculate it by subtracting adjusted basis on line 12 from the amount realized on line 7.