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Wisconsin Transitional Adjustments
Extracted from PDF file 2023-wisconsin-schedule-t.pdf, last modified August 2015Transitional Adjustments
Tab to navigate within form. Use mouse to check applicable boxes, press spacebar or press Enter. Schedule T Wisconsin Department of Revenue Save Transitional Adjustments Include with your Wisconsin Form 1 or Form 1NPR Name(s) shown on Form 1 or Form 1NPR Print Clear 2023 Your social security number PART I – ADJUSTMENT FOR CAPITAL ASSETS Fill in this part if you sold or otherwise disposed of capital assets during 2023 on which gain or loss was recognized, and on which you had a different basis for Wisconsin than for federal income tax purposes. 1a Description of Capital Assets Held One Year or Less, and Reason for Difference in Basis A. Federal Adjusted Basis B. Wisconsin Adjusted Basis C. Difference 1b TOTAL – Combine amounts in column C. Fill in here and on line 6 of Wisconsin Schedule WD.............................................. 2a Description of Capital Assets Held More Than One Year, and Reason for Difference in Basis A. Federal Adjusted Basis B. Wisconsin Adjusted Basis C. Difference 2b TOTAL – Combine amounts in column C. Fill in here and on line 15 of Wisconsin Schedule WD............................................ PART II – ADJUSTMENT FOR ASSETS REPORTED ON FEDERAL FORM 4797 Fill in this part if you reported sales (or other dispositions) of assets on federal Form 4797, and there was a difference in the Wisconsin basis and the federal basis of any asset. If your share of partnership, tax-option (S) corporation, estate, or trust income includes gains or losses reportable on federal Form 4797, and there is a difference in the gain or loss reportable for Wisconsin and federal income tax purposes, see the instructions for Part II. 3 Description of Asset, and Reason for Difference in Basis A. Federal Adjusted Basis B. Wisconsin Adjusted Basis 4 Adjustment for ordinary gain or loss (nonresidents and part-year residents see instructions). When computing lines 4e through 4h, enter losses as positive numbers. a Fill in net ordinary gain from federal Form 4797 (if line is blank, fill in -0-)...................... 4a b Fill in net ordinary gain from “Wisconsin” Form 4797 (if line is blank, fill in -0-).............. 4b c If line 4b is more than line 4a, subtract line 4a from line 4b. Fill in the result here and on line 10 of Schedule AD.......................................................................................................................... 4c d If line 4b is less than line 4a, subtract line 4b from line 4a. Fill in the result here and on line 39 of Schedule SB.......................................................................................................................... 4d e Fill in net ordinary loss from federal Form 4797 (if line is blank, fill in -0-)...................... 4e f Fill in net ordinary loss from “Wisconsin” Form 4797 (if line is blank, fill in -0-).............. 4f g If line 4f is more than line 4e, subtract line 4e from line 4f. Fill in the result here and on line 39 of Schedule SB............................................................................................................................... 4g h If line 4f is less than line 4e, subtract line 4f from line 4e. Fill in the result here and on line 10 of Schedule AD............................................................................................................................... 4h I-019 (R. 6-23) To Page 2 2023 Schedule T Page 2 PART III – CHANGING BASIS ASSETS – ADJUSTMENT TO FEDERAL ADJUSTED GROSS INCOME BECAUSE ASSETS HAVE DIFFERENT BASIS FOR WISCONSIN THAN FOR FEDERAL INCOME TAX PURPOSES Fill in this part to claim the adjustment (or amortization) for 2023 for any difference in the Wisconsin basis and the federal basis of changing basis assets. Description of Property, and Reason for Difference in Basis A. Date Acquired B. Number of Months Elected to Adjust or Amortize C. Difference in Basis D. Adjustment or Amortization for 2023 5 Federal adjusted basis is more than Wisconsin adjusted basis 6 TOTAL – Add amounts in column D. Fill in on line 10 of Schedule AD. If you are filing Form 1NPR, see instructions.. Description of Property, and Reason for Difference in Basis A. Date Acquired B. Number of Months Elected to Adjust or Amortize C. Difference in Basis D. Adjustment or Amortization for 2023 7 Wisconsin adjusted basis is more than federal adjusted basis 8 TOTAL – Add amounts in column D. Fill in on line 39 of Schedule SB. If you are filing Form 1NPR, see instructions.. To Page 1
2023 I-019 Wisconsin Schedule T, Transitional Adjustments (fillable)
More about the Wisconsin Schedule T Corporate Income Tax TY 2023
We last updated the Transitional Adjustments in February 2024, so this is the latest version of Schedule T, fully updated for tax year 2023. You can download or print current or past-year PDFs of Schedule T directly from TaxFormFinder. You can print other Wisconsin tax forms here.
Related Wisconsin Corporate Income Tax Forms:
TaxFormFinder has an additional 88 Wisconsin income tax forms that you may need, plus all federal income tax forms. These related forms may also be needed with the Wisconsin Schedule T.
| Form Code | Form Name |
|---|---|
| Schedule TC | Wisconsin Technology Zone Credit |
View all 89 Wisconsin Income Tax Forms
Form Sources:
Wisconsin usually releases forms for the current tax year between January and April. We last updated Wisconsin Schedule T from the Department of Revenue in February 2024.
About the Corporate Income Tax
The IRS and most states require corporations to file an income tax return, with the exact filing requirements depending on the type of company.
Sole proprietorships or disregarded entities like LLCs are filed on Schedule C (or the state equivalent) of the owner's personal income tax return, flow-through entities like S Corporations or Partnerships are generally required to file an informational return equivilent to the IRS Form 1120S or Form 1065, and full corporations must file the equivalent of federal Form 1120 (and, unlike flow-through corporations, are often subject to a corporate tax liability).
Additional forms are available for a wide variety of specific entities and transactions including fiduciaries, nonprofits, and companies involved in other specific types of business.
Historical Past-Year Versions of Wisconsin Schedule T
We have a total of eleven past-year versions of Schedule T in the TaxFormFinder archives, including for the previous tax year. Download past year versions of this tax form as PDFs here:
2023 Schedule T
2023 I-019 Wisconsin Schedule T, Transitional Adjustments (fillable)
2022 Schedule T
2022 I-019 Wisconsin Schedule T, Transitional Adjustments (fillable)
2020 Schedule T
2020 I-019 Wisconsin Schedule T, Transitional Adjustments (fillable)
2019 Schedule T
2019 I-019 Wisconsin Schedule T, Transitional Adjustments (fillable)
2018 Schedule T
2018 I-019 Wisconsin Schedule T, Transitional Adjustments
2017 Schedule T
2017 I-019 Wisconsin Schedule T-Transitional Adjustments
2016 Schedule T
2016 I-019 Wisconsin Schedule T, Transitional Adjustments
2015 Schedule T
2015 I-019 Wisconsin Schedule T, Transitional Adjustments (fillable)
2013 Schedule T
2013 I-019 Wisconsin Schedule T, Transitional Adjustments (fillable)
2012 Schedule T
2012 I-019 Wisconsin Schedule T, Transitional Adjustments
2011 Schedule T
2011 Schedule T Transitional Adjustments (pdf fillable format)
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