Get 2016 I-028 Schedule I, Adjustments To Convert 2012 Federal Adjusted Gross Income And Itemized

Filling out the 2016 I-028 Schedule I is crucial for converting your federal adjusted gross income and itemized deductions to comply with Wisconsin tax regulations. This guide will provide you with step-by-step instructions to ensure accuracy and ease while completing the form online.

Follow the steps to successfully fill out your form.

1. Click ‘Get Form’ button to obtain the form and open it in the editor.
2. Begin by entering your name(s) as shown on Wisconsin Form 1 or Form 1NPR and include your social security number. This information is vital for proper identification.
3. In Part I, locate the field for your 2016 federal adjusted gross income, which you will find on line 37 of Form 1040 (or line 21 of Form 1040A). Enter this amount in the designated space, labeled line 1.
4. Proceed to enter any capital gains and losses. For line 2a, input any loss claimed on line 13 of Form 1040 as a positive amount. Next, for line 2b, enter any gain reported on line 13 of Form 1040.
5. For line 2c, fill in the revised capital gain or loss based on your updated Form 1040. This figure should also be included on Wisconsin Schedule WD if applicable. Ensure to attach the revised Schedule D and any needed forms.
6. Calculate line 2d by combining amounts from lines 2a, 2b, and 2c, indicating losses with parentheses.
7. Complete the supplemental schedule of gains or losses in the same way by following the subsequent lines where you will report any gains or losses from federal Forms 4797 and 4684.
8. Add together the totals from lines 1, 2d, and 3d in order to complete line 4.
9. Next, list any other adjustments in the 'Other adjustments' section. Fill in columns for amount per the 2016 federal return, amount determined under IRC for Wisconsin, and calculate the difference for each listed adjustment.
10. Finally, determine your federal adjusted gross income as computed under the IRC for Wisconsin by combining lines 4 and the total differences from Column III. Make sure to document this amount on the appropriate lines of Wisconsin Form 1 or 1NPR.
11. In Part II for itemized deductions, if applicable, complete the required details about any state adjustments to federal itemized deductions as specified for each type of deduction.
12. Review all entries for accuracy. Save your changes, and when ready, download, print, or share the completed form as necessary.

Take the next step to efficiently manage your documents online. Complete your 2016 I-028 Schedule I today!