Wisconsin Capital Gains Tax Calculator
Wisconsin taxes capital gains as ordinary income at graduated rates up to 7.65%. Some long-term gains get a partial break. Estimate federal + state tax.
Wisconsin taxes capital gains as ordinary income at up to 7.65%, but it subtracts 30% of net capital gain on assets held more than one year, and 60% on farm assets (Wis. Stat. § 71.05(6)(b)9. and 9m.).
| Rule | Wisconsin |
|---|---|
| Rate | Ordinary graduated rates, top 7.65%. |
| Long-term exclusion | § 71.05(6)(b)9.: 30% of the capital gain on assets held more than one year, and on all assets inherited from a decedent. |
| Farm assets | § 71.05(6)(b)9m.: 60% of the gain on farm assets held more than one year. |
| Not excluded | Depreciation recapture treated as ordinary income federally; gains and losses on all assets are netted before the percentage applies. |
Sources: Wis. Stat. § 71.05(6)(b)9., capital gain subtraction, read 2026-10-10.
Estimate only, not an official determination. What this estimate covers and its limits
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Additional Details
Pre-filled: Editable top/representative-rate proxy; not a state return calculation
Additional Details
Estimated Federal + State Tax
Estimated • Based on your inputs
Estimated Net Sale Proceeds
$88,675.00
Detailed Breakdown
Disclaimer: This calculator provides estimates for informational purposes only. Results should not be considered financial, tax, or legal advice. Consult a qualified professional for your specific situation.
How This Calculator Works
Calculation methodology and assumptions
The Wisconsin line is the modeled gain times the 7.65% in the Modeled State Rate field, added to the federal estimate.
Estimate only — these are not official figures
State tax is not a return calculation: Wisconsin allows a capital-gain exclusion for qualifying long-term gains (with a larger exclusion for certain farm assets). The 7.65% default does not calculate it.
Do not rely on these amounts for budgeting or payment. For exact amounts, check the Wisconsin tax authority (https://www.revenue.wi.gov/Pages/Individuals/home.aspx).
Key State Information
Wisconsin is one of the few states that rewards holding: a long-term gain is taxed on 70% of its amount (40% for farm assets), while a short-term gain is taxed in full. The calculator's 7.65% default does not take the exclusion; for a long-term sale, multiply the gain by 0.7 before applying your rate, or lower the rate field to 70% of your bracket.
Example Calculation
A married couple in Madison with $118,000 of other taxable income sells shares bought four years ago for $64,000 at $124,000, a $60,000 long-term gain.
Entered as $64,000 basis, $124,000 proceeds, married filing jointly, $118,000 of other income: the calculator finds a $60,000 long-term (48 months) gain, $9,000 of regular federal tax, and $4,590 of Wisconsin tax at the 7.65% default.
Result: $13,590 in total (22.65% of the gain), leaving $110,410. Wisconsin's 30% exclusion leaves $42,000 of the gain taxable; at the same 7.65% that is $3,213 instead of $4,590.
StateCalc Team
Editorial Team
The StateCalc team builds free financial calculators using data from official government sources including the IRS, U.S. Census Bureau, BLS, and state revenue departments. All formulas are validated by an automated test suite and cross-referenced against published data.
Our editorial standardsFrequently Asked Questions
Does Wisconsin have a capital gains exclusion?
Yes. Wis. Stat. § 71.05(6)(b)9. subtracts 30% of net capital gain on assets held more than one year or inherited; § 71.05(6)(b)9m. subtracts 60% on farm assets.
What is the top Wisconsin rate on a capital gain?
7.65%, applied to the part of the gain that remains after the exclusion.
Does the Wisconsin exclusion apply to short-term gains?
No. Only assets held more than one year (and inherited assets) qualify.
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