Wisconsin Adjustments to Convert Federal Adjusted Gross Income and Itemized Deductions To The Amounts Allowable for Wisconsin

Adjustments to Convert Federal Adjusted Gross Income and Itemized Deductions To The Amounts Allowable for Wisconsin
2024 I-028 Schedule I, Adjustments to Convert Federal Adjusted Gross Income, Itemized Deductions, and Credits to the Amounts Allowable for Wisconsin (
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Schedule

I

Wisconsin
Department of Revenue

Save

Adjustments to Convert Federal Adjusted
Gross Income, Itemized Deductions, and Credits
to the Amounts Allowable for Wisconsin

Clear

2024

Include with Wisconsin Form 1 or Form 1NPR

Name(s) shown on Form 1 or Form 1NPR

Print

Your social security number

PART I – Adjustments to Federal Adjusted Gross Income
(Read instructions before completing Schedule I )

1	 Additions to federal adjusted gross income (enter as positive numbers):
a	 Discharge of indebtedness on principal residence  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  . 1a

.00

b	 Federal depreciation and sec. 179 expense  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  . 1b

.00

c	 Federal capital losses from line 7 of federal Form 1040 or 1040-SR  .  .  . 1c

.00

d	 Federal ordinary losses from line 4 of federal Schedule 1 (Form 1040)  . 1d

.00

e	 Wisconsin capital gains from line 7 of revised federal Form 1040 or
		1040-SR  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  . 1e

.00

f	

Wisconsin ordinary gains from line 4 of revised federal Schedule 1
(Form 1040)  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  . 1f

.00

g	 Certain student loan forgiveness (see instructions)  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  . 1g

.00

h	 Other

 .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  . 1h

.00

i	

Other

 .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  . 1i

.00

j	

Total additions - Add lines 1a through 1i  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  . 	1j

.00

2	 Subtractions from federal adjusted gross income (enter as positive numbers):
a	 Health savings account adjustment  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  . 2a

.00

b	 Wisconsin depreciation and sec. 179 expense .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  . 2b

.00

c	 Wisconsin capital losses from line 7 of revised federal Form 1040 or
		1040-SR  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  . 2c

.00

d	 Wisconsin ordinary losses from line 4 of revised federal Schedule 1
(Form 1040)  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  . 2d

.00

e	 Federal capital gains from line 7 of federal Form 1040 or 1040-SR  .  .  .  . 2e

.00

f	

.00

Federal ordinary gains from line 4 of federal Schedule 1 (Form 1040)  . 2f

g	Other	

 .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  . 2g

.00

h	 Other

 .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  . 2h

.00

i	

Other

 .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  . 2i

.00

j	

Total subtractions - Add lines 2a through 2i  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  . 	2j

.00

3	 Subtract line 2j from line 1j. If line 3 is a negative number, place a minus sign (-) in front of the number.
Fill in here and on line 2 of Wisconsin Form 1. (Note: The above figures must also be used to complete
Columns A and B for each of the lines 1 through 29 of Form 1NPR)  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  . 	3

.00

I-028 (R. 06-24)

2024 Schedule  I

Name

SSN

Page 2 of 2

PART II – Itemized Deductions
(Complete this part only for those federal itemized deductions which may be
used in computing the Wisconsin itemized deduction credit.)
Who must complete Part II
This part should be completed only by individuals claiming the Wisconsin itemized deduction credit. Whenever adjustments have
been made in Part I, federal itemized deductions which are based on federal adjusted gross income are affected. Part II must
be completed to report the difference in the amount of the deduction based on the revised federal adjusted gross income. Part II
must also be completed whenever specific items require adjustment.
COL. I

1	Adjustments:

COL. II
Amount determined
under IRC in effect
for Wisconsin

Amount per 2024
federal return

Description
	

a	 Medical Expense Deduction  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  . 1a

.00

.00

	

b	Interest  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  . 1b

.00

.00

	

c	 Gifts to Charity  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  . 1c

.00

.00

	

d	Other (explain) 	

1d

.00

.00

	

e	Other (explain) 	

1e

.00

.00

The amounts in Col. II should be used to compute the Wisconsin itemized deduction credit (Schedule 1 of Form 1 or Form 1NPR).

PART III – Federal Credits Under Wisconsin IRC
(Compete this part only for those federal credits which are being used to claim related credits on
Form 1 or Form 1NPR and are affected by adjustments in Part I or a difference in the adopted IRC)
Who must complete Part III
This part should be completed only by individuals claiming the Wisconsin earned income credit and/or other Wisconsin credits
based on federal credits. Whenever adjustments have been made in Part I, federal credits which are based on federal adjusted
gross income or other income related factors are affected. Part III must be completed to report the difference in the amount of
the credit based on adjustments to income in Part I. Part III must also be completed whenever specific items require adjustment.

Amount per 2024
federal return

Description
	

a	 Earned income credit .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  . 1a

		 i)	Credit on federal return is based on	

earned income	

		ii)	Credit under IRC for Wisconsin based on 		
	

COL. II
Amount determined
under IRC in effect
for Wisconsin

COL. I

1	Adjustments:

earned income		

.00

federal adjusted gross income 	

.00

of $

federal adjusted gross income 	

of $

b	Other (explain)		
1b
.00
.00

The amounts in Col. II should be used to compute the related Wisconsin credit on Form 1 or Form 1NPR.