Free 2008 I-019 Wisconsin Schedule T, Transitional Adjustments - Wisconsin

SCHEDULE
Wisconsin Department of Revenue

T

TRANSITIONAL ADJUSTMENTS
Enclose with your Wisconsin Form 1 or Form 1NPR

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

Your social security number

2008

PART I ­

ADJUSTMENT FOR CAPITAL ASSETS

Fill in this part if you sold or otherwise disposed of capital assets during 2008 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 4 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 12 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 Fillinordinarygainfromline18boffederalForm4797(ifblank,fillin-0-) ....................... 4a b Fillinordinarygainfromline18bof"Wisconsin"Form4797(ifblank,fillin-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 4 of Form 1...........................................................................................................................................4c d If line 4b is less than line 4a, subtract line 4b from line 4a. Fill in the result here and on line 11 of Form 1 .........................................................................................................................................4d e Fillinordinarylossfromline18boffederalForm4797(ifblank,fillin-0-) ...................... 4e f Fillinordinarylossfromline18bof"Wisconsin"Form4797(ifblank,fillin-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 11 of Form 1 ..............................................................................................................................................4g h If line 4f is less than line 4e, subtract line 4f from line 4e. Fill in the result here and on line 4 of Form 1................................................................................................................................................4h
I-019

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 2008 for any difference in the Wisconsin basis and the federal basis of changing basis assets.
B. Number of Months Elected to Adjust or Amortize

Description of Property, and Reason for Difference in Basis 5 Federal adjusted basis is more than Wisconsin adjusted basis

A. Date Acquired

C. Difference in Basis

D. Adjustment or Amortization for 2008

6 TOTAL­AddamountsincolumnD.Fillinonline4ofForm1.IfyouarefilingForm1NPR,seeinstructions ............ B. Number of Months Elected to Adjust or Amortize

Description of Property, and Reason for Difference in Basis 7 Wisconsin adjusted basis is more than federal adjusted basis

A. Date Acquired

C. Difference in Basis

D. Adjustment or Amortization for 2008

8 TOTAL­AddamountsincolumnD.Fillinonline11ofForm1.IfyouarefilingForm1NPR,seeinstructions ..........