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January 28, 2024
Question

Do I need to add back a federal property tax deduction included on Form 1041 Line 11 as an addition to income on Wisconsin Form 2 Schedule A Line 3?

  • January 28, 2024
  • 1 reply
  • 0 views
If so, would it be distributable income (column 1) or non distributable income (column 2)?

1 reply

DaveF1006
January 30, 2024

No, you do not need to add back a property tax deduction and include it as income.  In researching this, the only federal adjustments that need to be added back are:


- Farm Loss Limitations
- Student Loan Forgiveness
- Meal Expenses

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