ScheduleWD: ScheduleWD (2025)
Wisconsin · Wisconsin DOR · Used for tax years 2025
Wisconsin Schedule WD reports short-term and long-term capital gains and losses for 2025 and is included with Form 1 or Form 1NPR. It calculates the Wisconsin adjustment to income and capital loss carryovers from 2025 to 2026.
What you'll need
Have the following forms available, as applicable to your entries:
- Schedule D and Form 8949 for capital gains, losses, and adjustments.
- Schedules K-1 for gains or losses from partnerships, S corporations, estates, and trusts.
- Forms 2439, 4797, 6252, 4684, 6781, and 8824 if you have gains or losses reported on those forms.
- Wisconsin Schedules T and QI for the adjustments listed on Schedule WD.
- Your 2024 Wisconsin Schedule WD for capital loss carryovers: line 34 for short-term losses and line 39 for long-term losses.
- Federal Form 1040 or 1040-SR, and Wisconsin Schedule I if filed, for Part IV's income adjustment calculation.
Use the name or names shown on Wisconsin Form 1 or 1NPR and enter your Social Security number.
How to file
Include your completed 2025 Schedule WD with Wisconsin Form 1 or Form 1NPR.
The supplied form does not give a mailing address or e-filing instructions.
Common mistakes
- Round all amounts and use a minus sign for negative amounts.
- Enter the carryovers on lines 7 and 16, and the Schedule QI adjustment on line 15a, as negative numbers.
- Do not include losses in the gain amount on line 22.
- Carry the decimal on line 23 to four places.
- When comparing the three amounts for line 28, treat all numbers as positive to find the smallest.
- Complete Part V if the loss on line 18 is more than the loss on line 28.
Questions people ask
What is the difference between short-term and long-term gains and losses?
Part I covers assets held one year or less. Part II covers assets held more than one year.
Where do I enter capital loss carryovers from 2024?
Enter the short-term carryover from your 2024 Wisconsin Schedule WD, line 34, on line 7. Enter the long-term carryover from line 39 on line 16. Enter both as negative numbers.
What do I do if line 18 shows a loss?
Go to line 28. It asks for the smallest of the line 18 loss, $3,000/$1,500, or Wisconsin ordinary income. The form refers to instructions for the dollar limit and ordinary income, but those instructions are not included in the supplied text.
Where are carryovers from 2025 to 2026 calculated?
Part V calculates these carryovers. Line 34 shows the short-term capital loss carryover, and line 39 shows the long-term capital loss carryover. Complete Part V if the loss on line 18 is more than the loss on line 28.