Screen WIRent2 — Wisconsin Rental - Passive Activity Information (1120)

Show all hidden content

General Information

Passive activity code
Enter the appropriate activity type code directly or choose from the dropdown list.
If you enter passive carryovers from entities coded
3
, the application considers them to be former passive activities. Income and losses from former passive activities are reported as follows.
  • If the current-year net income is less than the prior-year suspended losses, the application reports both prior-year suspended losses and current-year net income on WI Form 8810.
  • If the current-year net income is equal to or greater than the prior-year suspended losses, neither amount is reported on WI Form 8810.
  • If there is a current-year net loss, only the prior-year suspended losses are reported on WI Form 8810.

error-icon

Triva isn't available right now.

Check out the support page for our phone number and hours

error-close