Department of Revenue v. Howick

The result in this case — that is the bottom line for Howick who moved into Wisconsin and sold stock acquired while a nonresident — is that for Wisconsin income tax purposes he determines his net capital long-term loss by using his federal calculations for the six long-term capital losses and for the six long-term capital gains.1 I concur with this result. I disagree with the majority’s decision to confine the opinion to consideration of the taxpayer’s calculation of long-term capital losses and to omit from the opinion consideration of the taxpayer’s calculation of long-term capital gains.…