Schedule Nr - Computation Of Wisconsin Taxable Income For Part-Year And Nonresident Estates And Trusts - 2012 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 25 or 26 of Schedule WD (Form 2) .
Part I of Schedule NR is used to compute the
Line 7 If gains or losses from sales (or other
Wisconsin taxable income of the estate or trust .
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 23, 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
STEP 2: If a net long-term capital gain is entered
amended to December 31, 2010, with certain
on the “Wisconsin” Form 4797, the amounts
exceptions . Federal laws enacted after De-
from the “Wisconsin” Form 4797 that apply to
cember 31, 2010, do not apply for Wisconsin
Wisconsin must be used to complete line 9 of
purposes . If any provision of federal law which
Wisconsin Schedule WD (Form 2) .
does not apply for Wisconsin purposes affects
federal taxable income, complete Schedule B
STEP 3: Fill in the amount of ordinary gain or
of Form 2 . The amount you fill in on lines 1
loss computed on the “Wisconsin” Form 4797
through 23 of Schedule NR should be revised
that applies to Wisconsin on line 7, column (b) .
to reflect any Schedule B adjustment(s) .
Column (c) is labeled “Non-Wisconsin .” In this
Column (b) is labeled “Wisconsin Amount .”
column, lines 1 through 23, fill in the amounts
In this column, lines 1 through 23, fill in the
that do not apply to Wisconsin .
amounts that apply to Wisconsin .
Part II – Computation of Addition or
Your federal taxable income may include items
that aren’t taxable or deductible for Wiscon-
Subtraction Modification
sin, or it may not include items that are taxable
or deductible for Wisconsin . You may have to
Enter the amount, if any, from line 3 on line 2 of
add or subtract these items from your federal
Form 2 . Enter the amount, if any, from line 4 on
income to arrive at the correct Wisconsin in-
line 4 of Form 2 .
come . See the instructions for Schedule A of
Form 2 for a comprehensive list of additions
and subtractions .
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