Screen WIInstPY - Wisconsin Prior Year Installment Sales (1065)

Show all hidden content

General Information

Treatment
The treatment code describes the nature of the asset and instructs the application where to transfer the information on the Wisconsin version of Form 4797 or Schedule D. The codes are displayed in the fieldview. Federal code M isn't applicable for Wisconsin, and the application treats it as code L.
Does not qualify for installment sale treatment
Enter
X
to indicate that a current year installment sale doesn't qualify for installment sale treatment for Wisconsin purposes. If
X
is entered, the installment sale information is disregarded and the entire gain / loss transfers to the return.

error-icon

Triva isn't available right now.

Check out the support page for our phone number and hours

error-close