Wis. Admin. Code § Tax 15.02 — Value subject to real estate transfer fee

Tax 15.02(1) (1) The conveyance of a parcel of real property by a partner to a partnership is subject to both real estate transfer fee and return.

Tax 15.02(2) (2) In an exchange of real properties, 2 separate and distinct conveyances are involved and the value should be separately determined for each.