Schedule Nr - Computation Of Wisconsin Taxable Income For Part-Year And Nonresident Estates And Trusts - 2015 Page 2
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1
2Instructions for Schedule NR
Schedule NR is completed by part-year and
Line 4 Enter in column (b) the amount from
nonresident estates and trusts filing Form 2 .
line 27 or 28 of Schedule WD (Form 2) .
Part I of Schedule NR is used to compute the
Wisconsin taxable income of the estate or trust .
Line 7 If gains or losses from sales (or other
Part II of Schedule NR is used to compute
dispositions) of assets or from Schedules 2K-1,
an addition or subtraction to federal taxable
3K-1, or 5K-1 are reported on federal Form 4797
income .
and there is a difference between the federal
gain or loss and the Wisconsin gain or loss,
Part I – Computation of Wisconsin
follow the three steps below:
Taxable Income
STEP 1: Recompute federal Form 4797, using
Part I of Schedule NR has three columns for
the Wisconsin basis of assets instead of the
figures:
federal basis and the Wisconsin gain or loss
instead of the federal gain or loss .
Column (a) is labeled “Federal Amount . ” In
this column, lines 1 through 24, fill in the same
Label this recomputed Form 4797 “Wisconsin . ”
amounts reported on the federal return .
Enclose the “Wisconsin” Form 4797 with
Form 2 .
Exception The computation of taxable income is
based on the provisions of federal law amended
STEP 2:
If a net long-term capital gain is
to December 31, 2013, with certain exceptions .
entered on the “Wisconsin” Form 4797, the
Federal laws enacted after December 31, 2013,
amounts from the “Wisconsin” Form 4797 that
do not apply for Wisconsin purposes unless
apply to Wisconsin must be used to complete
adopted by the Legislature . If any provision of
line 12 of Wisconsin Schedule WD (Form 2) .
federal law which does not apply for Wisconsin
purposes affects federal taxable income,
STEP 3: Fill in the amount of ordinary gain or
complete Schedule B of Form 2 . The amount
loss computed on the “Wisconsin” Form 4797
you fill in on lines 1 through 24 of Schedule NR
that applies to Wisconsin on line 7, column (b) .
should be revised to reflect any Schedule B
adjustment(s) .
Column (c) is labeled “Non-Wisconsin . ” In this
column, lines 1 through 24, fill in the amounts
Column (b) is labeled “Wisconsin Amount . ”
that do not apply to Wisconsin .
In this column, lines 1 through 24, fill in the
amounts that apply to Wisconsin .
Part II – Computation of Addition or
Your federal taxable income may include items
Subtraction Modification
that aren’t taxable or deductible for Wisconsin,
or it may not include items that are taxable or
Enter the amount, if any, from line 3 on line 2 of
deductible for Wisconsin . If so, you must add or
Form 2 . Enter the amount, if any, from line 4 on
subtract these items from your federal income
line 4 of Form 2 .
to arrive at the correct Wisconsin income .
See the instructions for Schedule A of Form 2
Return to Form
for a comprehensive list of additions and
subtractions .
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