Form 2 Schedule Wd PDF Details

The Schedule WD, capital gains and losses form, serves as a crucial document for estates or trusts that need to report short-term and long-term capital gains and losses during the tax year 2012. It is an essential attachment to the Wisconsin Form 2 and requires careful attention to detail when filling it out. The document is divided into distinct parts, beginning with the calculation of short-term capital gains and losses for assets held for one year or less, where the description of the property, acquisition and sale dates, sales price, and cost or basis are meticulously recorded to determine gains or losses. It further extends to long-term capital gains and losses for assets held for more than one year, capturing similar details and calculations to ascertain the net financial impact on the estate or trust. The form also includes sections for adjustments based on differences between Wisconsin and federal basis, capital loss carryovers from the previous year, and computations specific to Wisconsin income adjustments. Furthermore, it details the process for calculating capital loss carryovers to future tax years, and it includes provisions for accounting for gain allocated to charitable purposes. It's a comprehensive document designed to address the unique requirements set forth by the Wisconsin Department of Revenue, ensuring estates and trusts accurately report their capital transactions for state tax purposes.

QuestionAnswer
Form NameForm 2 Schedule Wd
Form Length2 pages
Fillable?No
Fillable fields0
Avg. time to fill out30 sec
Other namesScheduleWD Form2 wisconsin schedule wd form 2 fill in

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SCHEDULE

WD

 

CAPITAL GAINS AND LOSSES

2012

 

(Form 2)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Enclose with your Wisconsin Form 2

 

 

 

 

 

Wisconsin Department of Revenue

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Name of estate or trust

 

 

 

 

 

Decedent's social security number

Estate or trust federal EIN

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Part I

Short-Term Capital Gains and Losses – Assets Held One Year or Less

 

 

 

 

 

 

 

(a) Description of property

(b) Date acquired

(c) Date sold

(d) Sales price

(e) Cost or other

(f)

LOSS

(g) GAIN

 

If (e) is more than (d),

If (d) is more than (e),

 

(Example, 100 shares XYZ Co.)

(mo., day, yr.)

(mo., day, yr.)

 

 

basis

 

 

 

 

 

subtract (d) from (e)

subtract (e) from (d)

 

 

 

 

 

 

 

 

 

 

 

 

 

1

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

2 Short-term gain or (loss) from Forms 4684, 6252, 6781, and 8824

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2

 

 

 

 

 

 

3 Net short-term gain or (loss) from partnerships, S corporations, and other estates or trusts

3

 

 

 

 

 

 

4 Adjustment to capital gain or (loss) for differences between Wisconsin and federal basis

 

 

 

 

 

 

 

 

from Schedule C of Form 2

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4

 

 

 

 

 

5

Short-term capital loss carryover from 2011 Wisconsin Schedule WD (Form 2), line 32 . . .

5

 

 

 

 

 

 

6 Add lines 1 through 5, in columns (f) and (g)

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6

(

 

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.7a Net short-term capital gain or (loss). Combine columns (f) and (g) of line 6

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7a

 

 

 

7b Nondistributable portion included on line 7a (see instructions)

 

 

 

 

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7b

 

 

 

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7c Distributable portion included on line 7a (ill in here and on line 3, column (d), of Schedule 2K‑1 if a gain, and

 

 

 

 

 

 

 

on line 11, column (d) of Schedule 2K-1 if a loss)

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7c

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Part II

Long-Term Capital Gains and Losses – Assets Held More Than One Year

 

 

 

 

 

8

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

9 Gain from Form 4797, Part I; long-term gain from Forms 2439 and 6252; and

 

 

 

 

 

 

 

 

long-term gain or loss from Forms 4684, 6781, and 8824

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9

 

 

 

 

 

10

Net long-term gain or (loss) from partnerships, S corporations, and other estates or trusts . . 10

 

 

 

 

 

11

Capital gain distributions

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11

 

 

 

 

 

12 Adjustment to capital gain or (loss) for differences between Wisconsin and federal

 

 

 

 

 

 

 

 

basis from Schedule C of Form 2

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12

 

 

 

 

 

13 Long-term capital loss carryover from 2011 Wisconsin Schedule WD (Form 2), line 37

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14 Add lines 8 through 13, in columns (f) and (g)

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14

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15a Net long-term capital gain or (loss). Combine columns (f) and (g) of line 14

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15a

 

 

. . . . . . . . .15b Nondistributable portion included on line 15a (see instructions)

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15b

 

 

15c Distributable portion included on line 15a (fill in here and on line 4a, column (d), of Schedule 2K-1 if a gain,

 

 

 

 

and on line 11, column (d) of Schedule 2K-1 if a loss)

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15c

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

I-027

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)

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

17If 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

19Portion 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

20Nondistributable portion of the amount from

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

21Divide line 19 by line 20.

 

Carry the decimal to 4 places

21

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22

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

22

 

 

 

 

 

 

23

. . . . . .Fill in 30% of line 22 *

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24

. . . . . .Add lines 18 and 23

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25

Subtract line 24 from line 16

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26If 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.)

27Adjustment (see instructions for Part IV)

aPortion 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

cIf 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

dIf 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

ePortion 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

fFill in loss from line 26 above as a positive amount

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

gIf 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

hIf 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

Part V

Computation of Capital Loss Carryovers From 2012 to 2013 (Complete this part if the loss on line 16 is more than the loss on line 26.)

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

36Subtract 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