The Wisconsin Department of Revenue (DOR) has updated its guidance on reporting adjustments for individual shareholders, partners and members of pass-through entities that opted for taxation on income at the entity level.
The updated guidance includes Form 1NPR instructions (pages 23 and 24, line 11), Schedule AD (pages 5 to 7, lines 29 and 31) and Schedule SB (pages 14 to 16, lines 43 and 45).
The DOR also added question 12 to its pass-through entity-level tax: partnership partner reporting questions and question 10 to its tax option(s) corp. — shareholder reporting questions.