Shareholder Information > Wisconsin tab

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Fixed Assets and UltraTax CS 2023 help is now on Help and Support. We're still moving articles, but you can find most content for the 2023 tax year there. Continue using the Help & How-To Center for tax years 2022 and older.

Use the state tabs in the Shareholder Information window to enter state-specific information for shareholders. State tabs appear only if you have added states to the return.

To update a shareholder's state-specific information, click that shareholder in the Shareholder Information window, and then click the appropriate state tab.

Fields & buttons

Wisconsin information group box

Nonresident filer

If the shareholder is a nonresident, enter a code from the following table or select the code from the drop-down list to indicate the type of nonresident filing to be made by the shareholder. If the shareholder is a nonresident, UltraTax CS defaults to calculating withholding Form PW-1 for the shareholder.

Code Description
1 Withholding (default)

This is the default filing for a nonresident shareholder when you do not select a code from the drop-down list. Select this option to indicate the shareholder is subject to withholding on Form PW-1.
2 Composite and withholding

Select this option to indicate the shareholder is filing both as a composite and withholding filer. UltraTax CS completes both Form 1CNS and Form PW-1 for this shareholder.
3 Exempt from withholding

Select this option to indicate the shareholder is exempt from withholding. If the shareholder is exempt from withholding, they cannot file a composite return. UltraTax CS marks the Yes checkbox for Affidavit Filed on Form PW-1 for the shareholder.

Resident state

The shareholder's resident state is displayed in this field.

Part year state

Enter the state postal code in which the shareholder was a part-year resident. Use this field if you are processing multiple-state returns for this client. If applicable, the state uses this information to determine part-year residency status.

Part year state from and to

Enter the dates for which the shareholder was a part-year resident. Use this field if you are processing multiple state returns for this client. If applicable, the state uses this information to determine part-year residency status.

Supplemental information

UltraTax CS provides this statement dialog for supplemental information specific to each shareholder. Use this statement dialog for items that are not pro-rata. If you have pro-rata items that need to be reported to each shareholder, use Section A in Screen WIKSep. UltraTax CS prints the information you enter in this statement dialog in the Schedule 5K-1 statements for line 17d.

Schedule 5K-1 button

Click this button to enter Wisconsin-specific shareholder information for Schedule 5K-1.

Composite return group box

Form 1CNS button

Click this button to enter Wisconsin-specific shareholder information for Form 1CNS.

Shareholder basis group box

Shareholder basis button

Click this button to enter Wisconsin shareholder basis information.

Withholding information group box

Withhold tax when WI source income is less than $1000

Mark this checkbox to have withholding tax completed if the nonresident shareholder's share of Wisconsin taxable income is less than $1,000.

Tax form

Enter the tax form number for the return that the nonresident shareholder will be filing. UltraTax CS uses this information to complete Form PW-1, Wisconsin Nonresident Income or Franchise Tax Withholding on Pass-Through Entity Income, Part 2, column C.

Code Description
1

1NPR, Individual Not Included in Composite Return

Select this option to indicate the shareholder is filing tax Form 1NPR on Form PW-1.
2

1CNS, Individual Shareholder in Composite Return

Select this option to indicate the shareholder is filing tax Form 1CNS on Form PW-1.
3

2, Estate or Trust - Nonexempt

Select this option to indicate the shareholder is filing tax Form 2 on Form PW-1.
4

4T(T), Trust - Exempt

Select this option to indicate the shareholder is filing tax Form 4T (T) on Form PW-1.

Tax previously withheld

Enter the amount of tax previously withheld for the nonresident shareholder.

Taxable income (Force)

UltraTax CS includes the withholding tax due on taxable income to a nonresident shareholder based on shareholder ownership percentage. Enter an amount in this field to force the shareholder's taxable income to a different amount.

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