What is this?
An Addition to Income is required if you received a lump sum distribution and reported the distribution on Federal Form 4972. From your Federal Form 4972, enter the total of the capital gain part of the lump-sum distribution reported on line 6 of Form 4972 and the taxable amount from Line 10 of Form 4972. You may reduce this amount by any Federal estate tax on line 18.
Where do I enter it?
- State Section
- Additions to Income
- Other Additions
- Add Addition
- Code 03
What else do I need to know?
- If the amount on Line 10 of Form 4972 was computed using the rules for multiple recipients of a lump-sum distribution, include only your share of the taxable amount on line 10 less your share of any federal estate tax attributable to the lump-sum distribution on line 18.
- NO portion of the lump-sum distribution may be reported as capital gain on the Wisconsin Schedule WD.
For additional information, please refer to the WI state instructions.