A subtraction from income, in addition to the federal exclusion, for an investment in a WQOF, and
A capital gain basis adjustment, in addition to the federal exclusion, for an investment in a WQOF.
The Department then explains how to compute the various amounts, relevant definitions, the certification process, and additional available resources. Another revised Fact Sheet addresses the deferral and exclusion of long-term capital gains for investments made in “qualified Wisconsin businesses” to reflect state laws and rules in effect as of February 13, 2023. Please contact us with any questions.
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