Instructions for Form I-053I Schedule M Additions to and Subtractions From Income - Wisconsin

This document contains official instructions for Form I-053I Schedule M, Additions to and Subtractions From Income - a form released and collected by the Wisconsin Department of Revenue.

FAQ

Q: What is Form I-053I Schedule M?
A: Form-I-053I Schedule M is a schedule that is used to report additions to and subtractions from income specifically for the state of Wisconsin.

Q: What is the purpose of Schedule M?
A: The purpose of Schedule M is to calculate and report any additional income that needs to be added or subtracted for Wisconsin state tax purposes.

Q: Who needs to file Schedule M?
A: Individuals who are required to file a Wisconsin state tax return and have additions to or subtractions from their income need to complete and file Schedule M.

Q: What types of income should be reported on Schedule M?
A: You should report any income that is specific to Wisconsin state tax purposes, such as certain tax-exempt interest, certain gambling income, and certain additions or subtractions from federal taxable income.

Q: How do I complete Schedule M?
A: You will need to refer to the instructions provided with Form I-053I to complete Schedule M accurately. It is important to carefully review the instructions and fill out all required information.