How do members of pass-through entities report the Wisconsin addition and subtraction modifications associated with the addback requirement?
Resident individuals report the addition modifications on Form 1, line 4, and the subtraction modifications for the allowable deductions on Form 1, line 11. If the modifications come from a tax-option (S) corporation, use code 51 for both the line 4 amount and the line 11 amount. If the modifications come from a partnership, LLC treated as a partnership, estate, or trust, use code 52 for both the line 4 amount and the line 11 amount. Nonresident individuals include the addition and subtraction modifications in the Wisconsin amount they report on Form 1NPR, line 15. These individuals must also submit an explanation of all addition and subtraction modifications included on that line, including the modifications associated with the addback requirement. Corporations report the addition modifications on Schedule V, lines 3 and 4, and the subtraction modifications for the allowable deductions on Schedule W, lines 2 and 3. Pass-through entities report these modifications as described in Quest
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- How do members of pass-through entities report the Wisconsin addition and subtraction modifications associated with the addback requirement?
- How do pass-through entities report the Wisconsin addition and subtraction modifications associated with the addback requirement?
