Wisconsin Addition to Income - Income Reported on Federal Form 4972

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. 

Program Entry

1. State Section
2. Edit (three dots)
3. Additions to Income
4. Other Additions
5. Enter Other Addition Amount
6. Enter Code 03 (not applicable for tax year 2020) and description

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 Schedule AD instructions.