The Wisconsin FA-4138V Income & Expense Statement is a form used by individuals or married couples filing a Wisconsin state income tax return. It is used to report income and expenses that are subject to Wisconsin income tax. This form is divided into two parts: Part 1 is for individuals filing as sole proprietors, self-employed, or partners in a business; and Part 2 is for married couples filing jointly. The Wisconsin FA-4138V Income & Expense Statement requires individuals and couples to report their gross income, deductions, and other expenses. This form also allows taxpayers to take certain tax credits such as the Earned Income Tax Credit, the Homeowner Credit, the Wisconsin Homestead Credit, and the Senior Citizen Credit. The Wisconsin FA-4138V Income & Expense Statement comes in two types: the long form for individuals and the short form for married couples filing jointly. The long form requires more detailed information about income and expenses, while the short form requires less information. Both forms contain instructions on how to complete the form.