Triva isn't available right now.
Check out the support page for our phone number and hours
Solutions
-
Corporations
-
Governments
Success stories
-
A true competitive advantage
Law firm Zarin Baum’s embrace of generative AI as the natural next step in the evolution of legal work and their adoption of CoCounsel Legal has helped them achieve remarkable efficiency gains and improved client relationships.
-
Workflow transformation drives impact
Brinks, a global leader in secure logistics and security solutions, used CoCounsel to reimagine what was possible with AI tools, turning legal challenges into a competitive advantage.
-
The forefront of audit tech
A better auditing workflow solution was the answer to multiple challenges faced by The Mercadien Group. Find out how they achieved greater efficiency by embracing Cloud Audit Suite.
Questions? We are here to help.
Products
-
Tax, audit & accounting
Recommended products
-
CoCounsel Legal
Transform your work with the only AI legal solution uniting research, drafting, and document analysis in a single experience. Designed by legal experts and built on trusted content and advanced AI, CoCounsel Legal accelerates multistep work so you can better serve your clients and grow your business.
-
CoCounsel Tax
Transform your tax practice with CoCounsel Tax, an AI-powered assistant that combines trustworthy answers, automation, and firm knowledge into one seamless platform. Enhance efficiency, reduce risk, and improve client confidence with CoCounsel Tax.
-
CLEAR
Powerful software designed for law enforcement, compliance, risk, and fraud investigators. Conduct thorough investigations with ease using our intuitive online investigation software. Efficiently, prevent, detect, and solve crime.
Questions? We are here to help.
Purchase
-
Buy books
-
Contact sales
Resources
-
Product training
-
Product communities
-
Developers
Highlights
-
2026 SKILLS showcase
Join weekly sessions to experience in-depth demonstrations of the leading legal AI products while connecting with strategic law firm leaders in knowledge management, innovation, and AI.
-
Ghosts on the ledger
Payroll fraud is a major compliance risk. Learn how payroll analytics and AI-powered tools can help exorcise phantom employees and employers.
-
Future of professionals report 2025
The Thomson Reuters Future of Professionals Report 2025 reveals how AI continues to shape professional work — and what it takes to get ahead. This year’s report shows that increased efficiency, productivity, and cost savings top the list of benefits professionals attribute to AI, making it indispensable for organizations facing rapid change.
Screen WISepK - Wisconsin Separately Stated Income and Expenses (1065)
Show all hidden content
Income (Loss)
Guaranteed payments other than health insurance, pensions, and IRAs
Use the WIFR2, WIF2, WIInc, and WIRent screens to enter the deductible guaranteed payments for each activity. The application allocates the guaranteed payments to the partners based on the profit-sharing percentage. Select
Ptr Alloc
for each activity to allocate deductible guaranteed payments to the partners using ratios other than the profit-sharing percentage.Health insurance, pensions, and IRAs considered guaranteed payments to partners are not included in this partner allocation. To allocate these payments using ratios other than the profit-sharing percentage, use
Ptr Alloc
.The application combines the guaranteed payments including guaranteed payments for health insurance, pensions, and IRAs that are entered in the WIFR2, WIF2, WIInc, and WIRent screens. The application also combines nondeductible guaranteed payments you enter in this screen to calculate the total guaranteed payments for Schedule K, Guaranteed payments.
Guaranteed payments - nondeductible
Enter the nondeductible portion of guaranteed payments for each activity. The application allocates the amount to the partners based on the profit-sharing percentage. Select
Ptr Alloc
to allocate nondeductible guaranteed payments to the partners using ratios other than the profit-sharing percentage.The application combines the guaranteed payments including guaranteed payments for health insurance, pensions, and IRAs that are entered in the WIFR2, WIF2, WIInc, and WIRent screens. The application also combines nondeductible guaranteed payments you enter in this screen to calculate the total guaranteed payments for Schedule K, Guaranteed payments.
Section 1231 gain (loss)
The application automatically calculates the section 1231 gain (loss) from the sale of business property for each activity. Select
Ptr Alloc
for each activity to allocate section 1231 gain (loss) to the partners using ratios other than the profit-sharing percentage.Deductions
Section 179 expense
The application automatically calculates the Section 179 expense for each activity based on data entry in the asset module or in the WI4562r screen. To force the application to use a specific Section 179 expense amount, enter the amount, including 0, in these fields. If an amount is entered for any activity, then all activities need to be forced.
note
Use the WIOthAst screen in the General folder to use an amount different than the amount the application calculates for the total cost of Section 179 property placed in service this year, the maximum dollar limit, and the business income limitation.
Health insurance considered guaranteed payments to partners
Use the WIFR2, WIF2, WIInc, and WIRent screens to enter health insurance considered guaranteed payments to partners for each activity. The application allocates the health insurance considered guaranteed payments to the partners based on the profit-sharing percentage. Select
Ptr Alloc
for each activity to allocate health insurance considered guaranteed payments to the partners using ratios other than the profit-sharing percentage.The application combines the guaranteed payments including guaranteed payments for health insurance, pensions, and IRAs that are entered in the WIFR2, WIF2, WIInc, and WIRent screens. The application also combines nondeductible guaranteed payments you enter in this screen to calculate the total guaranteed payments for Schedule K, Guaranteed payments.
Pensions and IRAs considered guaranteed payments to partners
Use the WIFR2, WIF2, WIInc, and WIRent screens to enter pensions and IRAs considered guaranteed payments to partners for each activity. The application allocates the pension and IRAs considered guaranteed payments to the partners based on the profit-sharing percentage. Select
Ptr Alloc
for each activity to allocate pensions and IRAs considered guaranteed payments to the partners using ratios other than the profit-sharing percentage.The application combines the guaranteed payments including guaranteed payments for health insurance, pensions, and IRAs that are entered in the WIFR2, WIF2, WIInc, and WIRent screens. The application also combines nondeductible guaranteed payments you enter in this screen to calculate the total guaranteed payments for Schedule K, Guaranteed payments.