Form 5s - Wisconsin Tax-Option (S) Corporation Franchise Or Income Tax Return - 2001 Page 2
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2001 Form 5S
Schedule 5K – Shareholders’ Shares of Income, Deductions, etc.
(a) Pro rata share items
(b) Federal amount
(c) Adjustment
(d) Wis. amount
1 Ordinary income (loss) from trade or business activities . . . . . . . . . . .
2 Net income (loss) from rental real estate activities (attach From 8825) .
3 Net income (loss) from other rental activities . . . . . . . . . . . . . . . . . . . . .
4 Portfolio income (loss): a Interest income . . . . . . . . . . . . . . . . . . . . . .
b Dividend income . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
c Royalty income . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
d Net short-term capital gain (loss) (attach Schedule D) . . . . . . . . . .
e Net long-term capital gain (loss) (attach Schedule D) . . . . . . . . . . .
f
Other portfolio income (loss) (attach schedule) . . . . . . . . . . . . . . . .
5 Net section 1231 gain (loss) (other than due to casualty or theft) . . . .
6 Other income (loss) (attach schedule) . . . . . . . . . . . . . . . . . . . . . . . . . .
7 Charitable contributions (attach schedule) . . . . . . . . . . . . . . . . . . . . . . .
8 Section 179 expense deduction (attach Form 4562) . . . . . . . . . . . . . . .
9 Deductions related to portfolio income (loss) (attach schedule) . . . . . .
10 Other deductions (attach schedule) . . . . . . . . . . . . . . . . . . . . . . . . . . . .
11 a Interest expense on investment debts . . . . . . . . . . . . . . . . . . . . . . . .
b (1) Investment income included on lines 4a, 4b, 4c, and 4f above .
(2) Investment expenses included on line 9 above . . . . . . . . . . . . .
12 a Manufacturer’s sales tax credit . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
b Development zones credit . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
c Supplement to federal historic rehabilitation credit . . . . . . . . . . . . . .
13 Tax paid to other states (enter name of state) a _________________
b _________________
c _________________
14 a Depreciation adjustment on property placed in service after 1986 .
b Adjusted gain or loss . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
c Depletion (other than oil and gas) . . . . . . . . . . . . . . . . . . . . . . . . . . .
d (1) Gross income from oil, gas, or geothermal properties . . . . . . . .
(2) Deductions allocable to oil, gas, or geothermal properties . . . .
e Other adjustments and tax preference items (attach schedule) . . .
15 Section 59(e)(2) expenditures: a Type ______________________
b Amount . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
16 Tax-exempt interest income . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
17 Other tax-exempt income . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
18 Nondeductible expenses . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
19 Total property distributions (including cash) other than dividends
reported on line 20 below . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
20 Total dividend distributions paid from accumulated earnings and profits .
21 Other items and amounts required to be reported separately to
shareholders (attach schedule) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
22 Gross income (before deducting expenses) from all activities . . . . . . .
23 Income (loss) (see instructions) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Schedule 5M – Analysis of Wisconsin Accumulated Adjustments Account
and Other Adjustments Account
(a) Accumulated
(b) Other Adjustments
Adjustments Account
Account
1 Balance at beginning of taxable year . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
2 Ordinary income from Schedule 5K, line 1, column d . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
3 Other additions (including separately stated items which increase income) (attach schedule) . . . .
(
)
4 Loss from Schedule 5K, line 1, column d . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
(
) (
)
5 Other reductions (including separately stated items which reduce income) (attach schedule) . . . .
6 Combine lines 1 through 5 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
7 Distributions other than dividend distributions . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
8 Subtract line 7 from line 6. This is balance at end of taxable year . . . . . . . . . . . . . . . . . . . . . . . . . . .
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