Form 4cl - Wisconsin Net Capital Loss Adjustments For Combined Group Members - 2011
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4CL
Net Capital Loss Adjustments for
Form
Combined Group Members
2011
File with Wisconsin Form 4
Wisconsin Department
of Revenue
Read instructions before filling in this form
Combined Group Member Name
Federal Employer ID Number
Part I Net Capital Loss Adjustments
1
Enter the combined group’s net capital gain included in combined unitary income,
as reported on Form 4R, line 23. If net capital gain was $0 and the capital loss
limitation applied, do not enter any amount on line 1 and go to line 2. . . . . . . . . . 1
2
If the combined group’s net capital gain reported on Form 4R, line 23 was $0
because the capital loss limitation applied, enter the amount of that capital loss
attributable to this member (see instructions). Enter as a positive number . . . . . . 2
3
Enter the member’s net capital gain, if any, attributable to its separate entity
items, before applying any carryover amounts. If this amount is a loss, do not
enter any amount on line 3 and go to line 4. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 3
4
If the member had a current year net capital loss attributable to its separate
entity items, enter the amount of that loss, before applying any carryover
amounts. Enter as a positive number. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 4
5
Enter the total amount of unused non-sharable capital loss carryovers from
Part II, column (d). Enter as a positive number . . . . . . . . . . . . . . . . . . . . . . . . . . . 5
6
Enter the total amount of unused sharable capital loss carryovers from Part III,
column (f). Enter as a positive number. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 6
7
Enter the sum of lines 5 and 6 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 7
8
If there is an amount on line 3, subtract the sum of lines 2 and 7 from line 3.
Enter the result on line 8, but do not enter less than zero. This is the net capital
gain to include in the member’s nonapportionable or separately apportioned
income on the applicable line(s) of Form 4N . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 8
9
Complete lines 9a through 9e if there is an amount on line 1:
9a Subtract line 3 from line 7. Enter the result on line 9a, but do not enter less
than zero . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 9a
9b Add lines 4 and 9a. This is the total net capital loss available to offset the
member’s share of the net capital gain included in combined unitary
income . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 9b
9c Enter the lesser of line 1 or line 9b . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 9c
9d Member’s share of the net capital gain included in combined unitary income.
This is the Wisconsin percentage from Form 4A, Part II, column (c).
100% Wisconsin groups: See instructions for how to compute this
.
percentage. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 9d
%
9e Multiply line 9c by line 9d. This is the additional capital loss allowable.
Enter this amount on Form 4M, line N. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 9e
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