Instructions for Form IC-025 Schedule 4Y Wisconsin Subtraction Modification for Dividends - Wisconsin

Form IC-025 Schedule 4Y Wisconsin Subtraction Modification for Dividends - Wisconsin

This document contains official instructions for Form IC-025 Schedule 4Y, Wisconsin Subtraction Modification for Dividends - a form released and collected by the Wisconsin Department of Revenue. An up-to-date fillable Form IC-025 Schedule 4Y is available for download through this link.

FAQ

Q: What is Form IC-025?
A: Form IC-025 is a schedule used in Wisconsin to calculate a subtraction modification for dividends.

Q: What is Schedule 4Y?
A: Schedule 4Y is a specific schedule within Form IC-025.

Q: What is a subtraction modification for dividends?
A: A subtraction modification for dividends is a deduction that can reduce your taxable income in Wisconsin.

Q: When is Form IC-025 Schedule 4Y used?
A: Form IC-025 Schedule 4Y is used when you have received dividends that qualify for a subtraction modification in Wisconsin.

Q: What does this form provide?
A: This form provides instructions on how to calculate the subtraction modification for dividends in Wisconsin.

Q: Are there any eligibility requirements for the subtraction modification?
A: Yes, there are specific criteria that must be met in order to qualify for the subtraction modification. Consult the instructions on the form for more information.

Q: Is this form used for both Wisconsin and other states?
A: No, Form IC-025 Schedule 4Y is specifically for the Wisconsin subtraction modification for dividends. Other states may have different forms or requirements.

Q: What should I do if I have questions about filling out this form?
A: If you have questions about filling out Form IC-025 Schedule 4Y, you can contact the Wisconsin Department of Revenue for assistance.

Q: Is this form required for every taxpayer in Wisconsin?
A: No, this form is only required if you have received dividends that qualify for a subtraction modification in Wisconsin.