Form 1npr Instructions - 2006 - Wisconsin Income Tax For Nonresidents And Part-Year Residents Page 18
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43Line Instructions
18
Line 15 instructions – continued
Line 15 instructions – continued
– If the amount on line 16 of Schedule WD is a net gain and (1) the
once. The subtraction is equal to the amount of your unreimbursed
only long-term gain reported on Schedule WD is from the sale of
expenses for travel, lodging, and lost wages, but not more than
the asset to the related person, (2) you show a loss on line 14,
$10,000.
column (f) of Schedule WD, and (3) you show a gain on line 7
• Manufacturer’s sales tax credit adjustment If you had unused
of Schedule WD, your subtraction is equal to the amount on line
manufacturer’s sales tax credit from 1998 through 2005 of more
19 of Schedule WD less the amount on line 7 of Schedule WD.
than $25,000, see Schedule MS. Fill in the amount of your
manufacturer’s sales tax credit deduction from line 20 of Schedule
– If the amount on line 16 of Schedule WD is a net gain and (1) that
MS as a subtraction.
net gain includes more than one long-term capital gain and (2)
you show a loss on line 14, column (f) of Schedule WD and/or
• Recapture of development zones investment credit If you will
on line 7 of Schedule WD, complete the following worksheet to
be including an amount on line 63 as recapture of development
compute your subtraction.
zones investment credit, you may claim a subtraction for the
amount of the recapture.
– If the amount on line 16 of Schedule WD is a net gain and (1) that
net gain includes more than one long-term capital gain, (2) you
Line 17 Archer MSA deduction
show a loss on line 14, column (f) of Schedule WD, and (3) you
show a gain on line 7 of Schedule WD, complete the following
Federal column Fill in the Archer MSA deduction from line 23 of
worksheet to compute your subtraction.
federal Form 1040.
Wisconsin column Fill in the Archer MSA deduction from the
Worksheet for
federal column.
Gain on Sale of Assets to Related Person
1. Amount from line 19 of Schedule WD . . . . . . 1.
Line 18 Certain business expenses of reservists,
2. Net short-term gain, if any, from
performing artists, and fee-basis
line 7 of Schedule WD . . . . . . . . . . . . . . . . . . 2.
3. Subtract line 2 from line 1 . . . . . . . . . . . . . . . 3.
government officials
4. Long-term gain on the sale
Federal column
Fill in the amount from line 24 of federal
of asset to related person . . . . . 4.
Form 1040.
5. Total long-term capital gain
from line 14, column (g) of
Wisconsin column Fill in the amount from the federal column.
Schedule WD . . . . . . . . . . . . . . . 5.
6. Divide line 4 by line 5.
Line 19 Health savings account deduction
.
Fill in decimal amount . . . . . . . . . . . . . . . . . . 6.
7. Multiply line 3 by line 6. This is your
Don’t fill in any amount on line 19. The Wisconsin definition of the
subtraction for gain on the sale of
Internal Revenue Code does not recognize the federal health savings
assets to a related person . . . . . . . . . . . . . . . 7.
account deduction.
• Repayment of income previously taxed If you had to repay
Line 20 Moving expenses
during 2006, an amount that you included in your Wisconsin
Federal column Fill in the amount from line 26 of federal Form 1040.
income in an earlier year, you may be able to subtract the amount
Wisconsin column Nonresidents – don’t fill in any amount on
repaid. A subtraction may be claimed only for repayments that are
line 20. Part-year and full-year residents – fill in your expenses from
allowed as a miscellaneous itemized deduction on line 26 or 27 of
line 26 of federal Form 1040 which were for moving into Wisconsin
your federal Schedule A.
or within Wisconsin. Don’t include expenses for moving out of
If you did not itemize deductions for federal tax purposes, use the
Wisconsin if your new domicile is outside Wisconsin. You may
amounts that would be deductible if you had itemized deductions.
include expenses for moving out of Wisconsin only if you retained
To determine the amounts to use, complete a federal Schedule A.
your Wisconsin domicile.
Write “Wisconsin” at the top of this Schedule A and enclose it with
your Form 1NPR.
Line 21 One-half of self-employment tax
Caution Only amounts previously included in Wisconsin income
Federal column Fill in the amount from line 27 of federal
may be claimed as a subtraction.
Form 1040.
Wisconsin column
Fill in the allowable deduction for self-
If the amount repaid was over $3,000, you may either subtract the
employment tax. Use the following formula to figure the deduction:
repayment as described above or take a tax credit. See the instruc-
tions for line 69.
Net earnings from
Wisconsin
• Human organ donation If you were a full-year resident of
a trade or business
Self-employment
self-employment
Wisconsin for 2006 and you, your spouse, or a person who is
taxable to Wisconsin
x
tax deduction
= tax deduction to
claimed as a dependent on your federal income tax return donated
Total net earnings from
from line 27,
line 21, Col. B
one or more of their human organs to another person for human
a trade or business
Form 1040
Form 1NPR
organ transplantation, you may subtract certain unreimbursed
expenses related to the organ donation. “Human organ” means all
Note If you are married filing a joint return and both you and your
or part of a liver, pancreas, kidney, intestine, lung, or bone marrow.
spouse had self-employment income, you must figure each spouse’s
The subtraction may be claimed only in the taxable year in which
allowable deduction separately. Fill in the total of both spouses’
the transplantation occurs. The subtraction may be claimed only
allowable deduction on line 21 of Form 1NPR.
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