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Screen WI4835 — Wisconsin Farm Rental (1040)

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Overview

Use this screen to calculate Wisconsin rental income and the Wisconsin Reconciliation Report.
Income and Expenses section:
  • For all returns,
    Total sources
     calculations always include 100% of income and expenses entered on the federal
    4835
     screen.
  • For part-year and nonresident returns, activities with a
    WI
     ZIP Code that aren't allocated using the state allocation spreadsheet include 100% of income and expenses in the
    Wisconsin Sources
     calculations.
  • Activities with any other ZIP Code exclude all income and expenses for the
    Wisconsin Sources
     calculations.
When you enter data in the state allocation spreadsheet,
Wisconsin Sources
 amounts are calculated by multiplying the following 2 figures:
  1. The total income and total expenses.
  2. Percent of federal allocated to state
     entered in the federal
    St CO
     screen with a ZIP Code of
    WS
     (Wisconsin Source).
Blank
WS
 screen amounts default to
WI
 screen amounts.

Income and Expenses

Gross income adjustment
Use this field to change Total Sources of Gross income under Wisconsin law.

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