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Screen WIPBas2 — Wisconsin Partnership Basis Carryovers (1040)

Overview

Use this screen to calculate the Wisconsin return. Amounts that appear in this screen automatically transferred from the federal
PBas2
 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 transfer 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 state 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 the
Total Sources
 column; blank
State, if different
 fields default to transferring the federal information to the
Wisconsin Sources
 column only when the postal code of the activity is
WI
.
For K1 data that has been entered using the state allocation spreadsheet, amounts entered in the Wisconsin -
Total Sources
 column transfers 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.
Amounts entered in the
Total Sources
 column are used to calculate the partnership basis in the activity as if the taxpayer were a resident of Wisconsin.

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