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RECOVERIES OF FEDERAL ITEMIZED DEDUCTIONS Fill in any
amount included as income on your federal tax return that is a
recovery of a federal itemized deduction from a prior year for
which you did not receive a Wisconsin tax benefit..
Example: You claimed an itemized deduction on your 2004 federal tax return for a casualty loss of $2,000. You could not claim the casualty loss for the itemized deduction credit on your 2004 Wisconsin income tax return. During 2005 you received a reimbursement of $1,000 from your insurance company for part of the casualty loss. The $1,000 reimbursement is included on your 2005 federal tax return as a recovery of an amount previously claimed as an itemized deduction. Because you did not claim the casualty loss for the itemized deduction credit for Wisconsin for 2004, the $1,000 is not taxable to Wisconsin for 2005. Fill in the $1,000 recovery on line 11.
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