Form 2 Schedule Wd – Fill Out and Use This PDF

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										.	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					. . . . . . . . . . .	. . . . . . . . . . .	. . . .	. . . . . . . . . . .	.	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)										.	6	(		)
	.7a Net short-term capital gain or (loss). Combine columns (f) and (g) of line 6									. . . . . . . . . . .	.	. . . .	. . . . . . .	. . . . . .	7a
	7b Nondistributable portion included on line 7a (see instructions)													.	7b
										.	. . . .	. . . . . . .	. . . . .
	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)									.	. . . .	. . . . . . .	. . . . . .	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								. . . . . . . . . . .	.	9
10		Net long-term gain or (loss) from partnerships, S corporations, and other estates or trusts . . 10
11		Capital gain distributions			. . . . . .	. . . . . . .	. . . . . . . . . . .	. . . . . . . . . . .	. . . .	. . . . . . . . . . .	.	11
12 Adjustment to capital gain or (loss) for differences between Wisconsin and federal
		basis from Schedule C of Form 2					. . . . . . . . . . .	. . . . . . . . . . .	. . . .	. . . . . . . . . . .	.	12
13 Long-term capital loss carryover from 2011 Wisconsin Schedule WD (Form 2), line 37												13
14 Add lines 8 through 13, in columns (f) and (g)										. . . . . . . . . . .	.	14	(		)
15a Net long-term capital gain or (loss). Combine columns (f) and (g) of line 14										. . . . . . . . . . .	.	. . .	. . . . . . . .	. . . . .	15a
. . . . . . . . .15b Nondistributable portion included on line 15a (see instructions)										. . . . . . . . . . .	.	. . .	. . . . . . . .	. . . . .	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)								. . . . . . . . . . .	.	. . .	. . . . . . . .	. . . . .	15c

I-027

2012 Schedule WD (Form 2)

Page 2

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	.
22	. . . . . .Multiply line 17 by the decimal amount on line 21	22
23	. . . . . .Fill in 30% of line 22 *	. . .	. . . . . . . . . . . . . . 23. .
24	. . . . . .Add lines 18 and 23	. . .	. . . . . . . . . . . . . .24
25	Subtract line 24 from line 16	. . .	. . . . . . . . . . . . . .25

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

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