AmyC
Expert Alumni

State tax filing

There is a new process for businesses. WI instructions, page 18 say:

If you are a shareholder of a tax-option (S) corporation or partner of a partnership that elected to be taxed at the entity level, do not report the amount of capital gain or loss from Schedule 5K-1 or 3K-1 on Schedule WD. In addition, do not include the amount of capital gain or loss from the tax-option (S) corporation or partnership in the modification for lines 4 or 11, code 57 and 58. These items have already been removed from Wisconsin income when you completed Schedule WD. See the Schedule WD instructions for more information.

 

If you are not a business, it should be showing the same as always.

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