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This version of the form is not currently in use and is provided for reference only. Download this version of
Form I-053I Schedule M
for the current year.
Form I-053I Schedule M Additions to and Subtractions From Income - Wisconsin
What Is Form I-053I Schedule M?
This is a legal form that was released by the Wisconsin Department of Revenue - a government authority operating within Wisconsin. Check the official instructions before completing and submitting the form.
FAQ
Q: What is Form I-053I?A: Form I-053I is a schedule used to report additions to and subtractions from income in Wisconsin.
Q: What is Schedule M?A: Schedule M is a part of Form I-053I that specifically deals with additions to and subtractions from income.
Q: What are additions to income?A: Additions to income are items that need to be added to your total income.
Q: What are subtractions from income?A: Subtractions from income are items that can be subtracted from your total income.
Q: Why do I need to complete Schedule M?A: You need to complete Schedule M to accurately report any additions or subtractions to your income in Wisconsin.
Q: Is Schedule M specific to Wisconsin?A: Yes, Schedule M is specific to Wisconsin and is used to report income additions and subtractions for Wisconsin tax purposes.
Q: What types of items are typically reported as additions to income?A: Common examples of additions to income include interest income, rental income, and capital gains.
Q: What types of items are typically reported as subtractions from income?A: Common examples of subtractions from income include deductions for student loan interest, contributions to retirement accounts, and business losses.
Q: Do I need to file Schedule M if I don't have any additions or subtractions to my income?A: If you don't have any additions or subtractions to your income, you may not need to file Schedule M. However, you should consult the instructions or a tax professional to confirm.
Form Details:
- Released on August 1, 2022;
- The latest edition provided by the Wisconsin Department of Revenue;
- Easy to use and ready to print;
- Quick to customize;
- Compatible with most PDF-viewing applications;
- Fill out the form in our online filing application.
Download a fillable version of Form I-053I Schedule M by clicking the link below or browse more documents and templates provided by the Wisconsin Department of Revenue.
Download Form I-053I Schedule M Additions to and Subtractions From Income - Wisconsin
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