Skip to main content

Solutions

Products

Recommended products

Questions? We are here to help.
Contact us

Purchase

Questions? We are here to help.

Resources

Screens

Screen WIK1T-2 — Wisconsin Schedule K-1, Estates and Trusts — Page 2 (1040)

Overview

Use this screen to calculate the Wisconsin Reconciliation Report of Passthrough Activities. Amounts that appear in this screen automatically transferred from the federal
K1T2
 screen or the state allocation spreadsheet. The data transferred depends on the residency status of the return and the method of federal data entry.
For resident returns, Wisconsin
State, if different
 amounts are transferred to the
Total Sources
 fields if present. If there are no Wisconsin
State, if different
 amounts entered, the
Federal
 amounts transfer.
Wisconsin Sources
 fields aren't relevant to a resident return.
For part-year and nonresident returns when K1 data is entered without using the Wisconsin Allocation Worksheet, Wisconsin
State, if different
 amounts transfer to the
Total Sources
 and
Wisconsin Sources
 fields if present. Blank
State, if different
 fields default to transferring the federal information to both columns.
For K1 data that has been entered using the state allocation spreadsheet, amounts entered in the Wisconsin -
Total Sources
 column transfer to the
Total Sources
 fields. For part-year and nonresident returns, amounts entered in the Wisconsin -
WI Sources
 column transfer to the
Wisconsin Sources
 fields. Blank Wisconsin -
Total Sources
 amounts default to federal amounts. Blank Wisconsin -
WI Sources
 amounts default to Wisconsin -
Total Sources
 amounts.
Information that appears in the WI Form 1041, Schedule K-1 (Continued) section is automatically transferred to this input screen from the federal
K1T-2
 screen.

error-icon

Triva isn't available right now.

Check out the support page for our phone number and hours

error-close