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Tab to navigate within form. Use mouse to check Save Print Clear applicable boxes, press spacebar or press Enter. Schedule Transitional Adjustments WisconsinT Include with your Wisconsin Form 1 or Form 1NPR Department of Revenue 2024 Name(s) shown on Form 1 or Form 1NPR Your social security number PART I – ADJUSTMENT FOR CAPITAL ASSETS Fill in this part if you sold or otherwise disposed of capital assets during 2024 on which gain or loss was recognized, and on which you had a different basis for Wisconsin than for federal income tax purposes. 1a Description of Capital Assets Held One Year or Less, A. Federal B. Wisconsin and Reason for Difference in Basis Adjusted Basis Adjusted Basis C. Difference 1b TOTAL – Combine amounts in column C. Fill in here and on line 6 of Wisconsin Schedule WD ............................................. 2a Description of Capital Assets Held More Than One Year, A. Federal B. Wisconsin and Reason for Difference in Basis Adjusted Basis Adjusted Basis C. Difference 2b TOTAL – Combine amounts in column C. Fill in here and on line 15 of Wisconsin Schedule WD ........................................... PART II – ADJUSTMENT FOR ASSETS REPORTED ON FEDERAL FORM 4797 Fill in this part if you reported sales (or other dispositions) of assets on federal Form 4797, and there was a difference in the Wisconsin basis and the federal basis of any asset. If your share of partnership, tax-option (S) corporation, estate, or trust income includes gains or losses reportable on federal Form 4797, and there is a difference in the gain or loss reportable for Wisconsin and federal income tax purposes, see the instructions for Part II. 3 Description of Asset, and A. Federal B. Wisconsin Reason for Difference in Basis Adjusted Basis Adjusted Basis 4 Adjustment for ordinary gain or loss (nonresidents and part-year residents see instructions). When computing lines 4e through 4h, enter losses as positive numbers. a Fill in net ordinary gain from federal Form 4797 (if line is blank, fill in -0-) ..................... 4a b Fill in net ordinary gain from “Wisconsin” Form 4797 (if line is blank, fill in -0-) ............. 4b c If line 4b is more than line 4a, subtract line 4a from line 4b. Fill in the result here and on line 10 of Schedule AD ......................................................................................................................... 4c d If line 4b is less than line 4a, subtract line 4b from line 4a. Fill in the result here and on line 39 of Schedule SB ......................................................................................................................... 4d e Fill in net ordinary loss from federal Form 4797 (if line is blank, fill in -0-) ..................... 4e f Fill in net ordinary loss from “Wisconsin” Form 4797 (if line is blank, fill in -0-).............. 4f g If line 4f is more than line 4e, subtract line 4e from line 4f. Fill in the result here and on line 39 of Schedule SB .............................................................................................................................. 4g h If line 4f is less than line 4e, subtract line 4f from line 4e. Fill in the result here and on line 10 of Schedule AD .............................................................................................................................. 4h I-019 (R. 6-24)
