No. Based on the information provided in the instructions for Wisconsin Schedule H, a net profit would be added back as a disqualifying loss and since you are actually eliminating this income under Notice 2014-7 it is not included.
- Homestead credit or farmland preservation credit from Schedule FC - A taxpayer who is amending to remove the Medicaid waiver payments from income should also amend homestead credit or farmland preservation credit if previously claimed. The amount of these payments is not included in household income for homestead or farmland preservation credit purposes.
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