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Amount from line 3 Deduction for Amount
of Part I exemptions to fill in
x =
FAGI from line 31, from line 36c of on line 6
of Form 1NPR Form 1NPR of Part I
Estates and trusts do not fill in any amount on line 6.
Line 9 If you are filing Form 1, enter the amount from line 9 of Part I on line 23 of Schedule SB, Form 1 – Subtractions from
Income, as a positive number. If you are filing Form 1NPR, enter the amount from line 9 of Part I on line 57 of Schedule M,
Additions to and Subtractions from Income. Estates and trusts fill in the amount from line 9 of Part I on line 25 of Schedule 2M,
Form 2 – Additions to and Subtractions from Income, as a positive number. If filing Form X-NOL, see the instructions for line 1 of
Form X-NOL.
Part II – Wisconsin Modified Taxable Income
Line 1 Fill in your Wisconsin income from Form 1, line 7. For individuals filing Form 1NPR, Wisconsin income is the amount
from line 30, column B, of Form 1NPR. Estates and trusts fill in the amount from line 5 of Form 2.
If you are determining modified taxable income for a carryback year, the amount to enter on line 1 is the amount from line 2,
column B, of Form X-NOL; the amount from line 30 of the revised Form 1NPR that was attached to Form X-NOL; or, for estates
and trusts, the amount from line 6, column B, of Form X-NOL.
Line 2 Fill in as a positive number the amount of NOL carryforward deducted on your Wisconsin return. If you are determining
modified taxable income for a carryback year, the amount to enter on line 2 is the amount from line 1 of Form X-NOL.
Line 3 Fill in your Wisconsin capital gain exclusion as a positive number. This will generally be the amount from line 26 of 2023
Schedule WD (line 26 of Schedule 2WD (Form 2) for estates and trusts).
Note: Include on line 3 the amount of long-term capital gain that qualified for an exclusion because it was from the sale of an
investment held at least 5 years in a qualified Wisconsin business or because it was from the sale of an investment held at least
5 years in a Wisconsin qualified opportunity fund.
However, if you filed Wisconsin Form 1, your only capital gain or loss was a capital gain distribution reported on line 7 of federal
Form 1040 or 1040-SR, and you did not file Wisconsin Schedule WD, fill in the amount of capital gain exclusion from line 5 of
Schedule SB (Form 1).
Line 4 Fill in your Wisconsin capital loss deduction as a positive number. This is the amount from line 28 of your 2023 Schedule
WD (line 28 of Schedule 2WD (Form 2) for estates and trusts).
Line 6 Fill in your Wisconsin standard deduction based on the amount on line 5 for your filing status. Full-year residents use the
standard deduction table in the 2023 Form 1 instruction booklet. If you are filing Form 1NPR, use the formula below to determine
the standard deduction to fill in on line 6.
Exception: If your federal adjusted gross income (FAGI) from line 31, column A, of Form 1NPR is less than the amount on line 5
of Part II, do not use the following formula. The standard deduction to fill in on line 6 of Part II is the amount from line 34c of your
Form 1NPR.
Amount from line 5 Standard Standard
of Part II deduction deduction
x =
FAGI from line 31 from line 34c to fill in
of Form 1NPR of Form 1NPR on line 6
Estates and trusts fill in -0- on line 6.
Line 8 Fill in your deduction for exemptions. For full-year Wisconsin residents, this is the amount from line 10c of Form 1. If you
are filing Form 1NPR, use the following formula to determine your deduction for exemptions.
Exception: If your FAGI from line 31, column A, of Form 1NPR is less than the amount on line 5 of Part II, do not use the following
formula. The deduction for exemptions to fill in on line 8 of Part II is the amount from line 36c of your Form 1NPR.
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