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Federal input screens

Shareholder Information > Wisconsin tab

Use the state tabs in the
Shareholder Information
 window to enter state-specific information for shareholders. State tabs appear only if you've added states to the return.
To update a shareholder's state-specific information, select that shareholder in the
Shareholder Information
 window, then the state tab.

Fields and buttons — Wisconsin information group box

If the shareholder is a nonresident, enter a code from the following table or select the code from the dropdown list to indicate the type of nonresident filing to be made by the shareholder. If the shareholder is a nonresident, UltraTax CS defaults to calculating withholding Form PW-1 for the shareholder.
Code
Description
1
Withholding (default
).
This is the default filing for a nonresident shareholder when you don't select a code from the dropdown list. Select
1
 to indicate the shareholder is subject to withholding on Form PW-1.
2
Composite and withholding
.
Select
2
 to indicate the shareholder is filing both as a composite and withholding filer. UltraTax CS completes both Form 1CNS and Form PW-1 for this shareholder.
3
Exempt from withholding
.
Select
3
 to indicate the shareholder is exempt from withholding. If the shareholder is exempt from withholding, they cannot file a composite return. UltraTax CS marks the
Yes
 checkbox for
Affidavit Filed on Form PW-1 for the shareholder
.
The shareholder's resident state is shown here.
Enter the state postal code in which the shareholder was a part-year resident. Use this field if you're processing multiple-state returns for this client. The state uses this information to determine part-year residency status.
Enter the dates for which the shareholder was a part-year resident. Use this field if you're processing multiple state returns for this client. The state uses this information to determine part-year residency status.
Use this statement for supplemental information specific to each shareholder and for items that are not pro rata. If you have pro-rata items that need to be reported to each shareholder, use Section A on the
WIKSep
 screen. UltraTax CS prints the information you enter in this statement dialog in the Schedule 5K-1 statements for line 17d.
Select this button to enter Wisconsin-specific shareholder information for Schedule 5K-1.

Fields and buttons — Composite return group box

Enter Wisconsin-specific shareholder information for Form 1CNS.

Fields and buttons — Shareholder basis group box

Select this button to enter Wisconsin shareholder basis information.

Fields and buttons — Withholding information group box

Mark this checkbox to have withholding tax completed if the nonresident shareholder's share of Wisconsin taxable income is less than $1,000.
Enter the tax form number for the return that the nonresident shareholder will be filing. UltraTax CS uses this information to complete Form PW-1, Wisconsin Nonresident Income or Franchise Tax Withholding on Pass-Through Entity Income, Part 2, column C.
Code
Description
1
1NPR, Individual Not Included in Composite Return
.
Select
1
 to indicate the shareholder is filing tax Form 1NPR on Form PW-1.
2
1CNS, Individual Shareholder in Composite Return
.
Select
2
 to indicate the shareholder is filing tax Form 1CNS on Form PW-1.
3
2, Estate or Trust - Nonexempt
Select
3
 to indicate the shareholder is filing tax Form 2 on Form PW-1.
4
4T(T), Trust - Exempt
Select
4
 to indicate the shareholder is filing tax Form 4T (T) on Form PW-1.
Enter the amount of tax previously withheld for the nonresident shareholder.
UltraTax CS includes the withholding tax due on taxable income to a nonresident shareholder based on shareholder ownership percentage. Enter an amount to force the shareholder's taxable income to a different amount.
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