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Screen WIC — Wisconsin Business (1040)

Overview

General information that appears in this screen is automatically transferred from the federal
C
 screen.

General Information

In the Income and Expenses section:
  • For all returns,
    Total Sources
     calculations always include 100% of income and expenses entered on the federal
    C
     screen.
  • For part-year and nonresident returns:
    • Activities with a
      WI
       state 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 state 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 amounts:
  1. The total income and total expenses.
  2. The amount in
    Percent of federal allocated to state
     entered in the federal
    St CO
     screen with a
    WS
     (Wisconsin Source) state ZIP Code.
Blank
WS
 screen amounts default to
WI
 screen amounts.
Information in the Passive Activity and Other Information section is transferred to this screen from the federal
C-2
 and
St CO
 screens.

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