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Fill Out Your Wisconsin 2 Template

The Wisconsin 2 Form is a crucial document used for filing the Fiduciary Income Tax Return for estates or trusts in Wisconsin. Specifically designed for the tax year 1997, it captures essential information about the decedent, the estate or trust, and various income and deductions. Understanding this form is vital for ensuring compliance with state tax regulations and managing the financial responsibilities of an estate or trust.

Fill Out Your Wisconsin 2 Online

Fill Out Your Wisconsin 2 Online

Structure

The Wisconsin 2 form, officially known as the Fiduciary Income Tax Return, is a crucial document for estates and trusts operating in the state. Designed for the tax year 1997, it serves as a means for fiduciaries to report income generated by estates or trusts. This form requires essential details such as the decedent's name, social security number, and the trust's federal ID number. Additionally, it prompts the fiduciary to confirm whether this is the first or final return for the estate or trust. The form also includes sections for reporting federal taxable income, adjustments, and various tax credits. It is important to note that the form requires a declaration by the fiduciary, ensuring that all information provided is accurate and complete. Furthermore, the Wisconsin 2 form includes specific schedules for modifications and adjustments, which help in reconciling the income reported under federal tax rules with state requirements. By following the instructions carefully, fiduciaries can navigate through the complexities of state tax obligations effectively.

Form Example

or type

FORM	2		WISCONSIN			1997
FORM			WISCONSIN
		FIDUCIARY INCOME TAX RETURN (For Estates or Trusts)
		For 1997 or taxable year beginning __________________ , 1997, and ending ____________________

Estate only - Last name			First name and middle initial	Decedent’s social security number	Trust’s federal ID number (EIN)

Trusts only - Name				If name change, state previous name

Please print

Name and address of personal representative, petitioner, or trustee

Address where decedent lived at time of death	Spouse’s first name

Date trust or bankruptcy estate was created or date of decedent’s death ___________________

Is this the first return of the estate or trust?	Yes	No	Age of decedent
Is this the first return of the estate or trust?	Yes	No	Age of decedent

Is this the final return of the estate or trust?	Yes	No

Are you requesting a closing certificate at this time?	Yes	No	If yes, see instructions.
The closing certificate will be mailed to the address below.

Check whether: Decedent's estate

Bankruptcy estate

Testamentary trust

Inter vivos trust

Electing small business trust

County of Jurisdiction

Probate Case Number

Name of individual/firm	Attention or c/o

Address	City	State	Zip code

Attach check or money order here

FOR DEPT USE ONLY		2OP	2CL		7AU		8AU				9OP	9CL			HOLD FOR

1.	Federal taxable income of fiduciary (from attached federal Form 1041, line 23)										. . . . .	. . . . . . . . .	.		1	.
2.	Additions (from Schedule A, column 2, line 6) . . . .				. . . . . .	. . . .	. . . . .		. . . .	. . . . . . . .		. . . . . . . . .	.		2	.
3.	Add lines 1 and 2 . . . .	. . . . . . . . . . . . . . . . . . . . . .			. . . . . .	. . . .	. . . . .		. . . .	. . . . . . . .		. . . . . . . . .	.		3	.
4.	Subtractions (from Schedule A, column 2, line 12)				. . . . . .	. . . .	. . . . .		. . . .	. . . . . . . .		. . . . . . . . .	.		4	.
5.	Wisconsin taxable income of fiduciary (subtract line 4 from line 3)									. . . . . . . .		. . . . . . . . .	.		5	.
6.	. . . . . . . . . . . . . . .Gross tax (see instructions on page 4)					. . . .	. . . . .		. . . .	. . . . . . . .		. . . . . . . . .	.		6	.
7.	Exemption/Historic credits (see instructions)				. . . . . .	. . . .	. . . . .		. . . .	. . . . . . . .		. . . . . . . . .	.		7	.
8.	Subtract line 7 from line 6. If line 7 is larger than line 6, fill in zero (0) .								. . . .	. . . . . . . .		. . . . . . . . .	.		8	.
9.	Alternative minimum tax. Fill in alternative minimum tax from line 18 Schedule MT . .											. . . . . . . . .	.		9	.
10.	Add lines 8 and 9 . . . .	. . . . . . . . . . . . . . . . . . . . . .			. . . . . .	. . . .	. . . . .		. . . .	. . . . . . . .		. . . . . . . . .	.		10	.
11.	Development zone credits (attach Schedule DC) . .				. . . . . .	. . . .	. . . . .		. . . .	. . . . . . . .		. . . . . . . . .	.		11	.
12.	Subtract line 11 from line 10. If Line 11 is larger than Line 10, fill in zero (0)									. . . . . . . .		. . . . . . . . .	.		12	.
13.	Temporary recycling surcharge (see instructions)				Check if surcharge computed on worksheet.
	If worksheet not used, fill in nonfarm net business income . . . .						. .				.	x .004345 =			13	.

14.	Add lines 12 and 13. . .	. . . . . . . . . . .	. . . .	. . . . . . . . . . . . . . . . . . . .				. .	. . . .	. .	. . . . . . . . . . . . . . .		.		14	.
15.	Wisconsin income tax withheld (attach withholding statement)								15			.
16.	1997 estimated payments and amount applied from 1996 return . . .								16			.
17.	Farmland preservation credit (attach Schedule FC)				. . . . . .	. . . .	. . . .		17			.
18.	Net income tax paid to other states (see instructions)						. . . .		18			.
19.	Farmland tax relief credit: Farmland taxes					X	.10 =		19			.
20.	AMENDED RETURN ONLY — amount paid with original return						. . . . 1		20			.
21.	. . . . . . . . . . . . . . . . . . . .Total lines 15 through 20				. . . . . .	. . . .	. . . .		21			.
22.	AMENDED RETURN ONLY — refund from original return less
	amount applied to 1998 estimated tax		. . . . . . . . . .		. . . . . .	. . . .	. . . .2		22	(		.		)
23.	Subtract line 22 from line 21				. . . . . .	. . . .	. . . . .		. . . .	. . . . . . . .		. . . . . . . . .	.		23	.
24.	If line 23 is larger than line 14, enter				. . . . . .	. . . .	. . . . .		. . . .	. . . . . . . .		. REFUND			24	.
25.	If line 23 is less than line 14, enter				. . . . . .	. . . .	. . . . .		. . . .	. . .	. BALANCE DUE				25	.
26.	Amount of line 24 to be applied to your 1998 ESTIMATED TAX						. . . .		26			.

I, as fiduciary, declare under penalties of law that I have examined this return (including accompanying schedules, statements, and copy of federal income tax return) and to the best of my knowledge and belief it is true, correct and complete.

Signature of fiduciary or trust officer

Date

Telephone number

(

)

PERSON PREPARING THE RETURN (individual and firm) if other than the preceding signer

Name of preparer other than fiduciary

Signature of preparer

Date

Mail this return to:

I-020 Area below this line for department use only

M O N

Y R

M A N

Wisconsin Dept.

of Revenue

P.O. Box 8904

Madison, WI 53708-8904

Form 2 (1997)Page 2

SCHEDULE A — MODIFICATIONS AND ADJUSTMENTS		COL. 1	COL. 2
ADDITIONS:		Distributable Income	Non-Distributable Income
1.	Adjustment to convert 1997 federal taxable income to the level allowable under
	the Internal Revenue Code in effect on August 5, 1997 (Schedule B)		.
2.	Interest (less related expenses) on state and municipal obligations	.	.
3.	State and local taxes (see instructions)	.	.
4.	Capital gain/loss adjustment (see instructions)	.	.
5.	Other (specify)	.	.
6.	Total additions (add lines 1 through 5)	.	.
SUBTRACTIONS:
7.	Adjustment to convert 1997 federal taxable income to the level allowable under
7.
	the Internal Revenue Code in effect on August 5, 1997 (Schedule B)		.
8.	Interest (less related expenses) on obligations of the United States	.	.
9.	Capital gain/loss adjustment (see instructions)		.
. . . . . . . . . . . . . . . . . . .10. State and local income tax refunds (see instructions)		.	.
11.	Other (specify)	.	.
12. Total subtractions (add lines 7 through 11)		.	.

SCHEDULE B — ADJUSTMENTS TO CONVERT 1997 FEDERAL TAXABLE INCOME TO THE LEVEL ALLOWABLE UNDER THE INTERNAL REVENUE CODE IN EFFECT ON AUGUST 5, 1997 (see instructions on page 11)

Adjustments for 1997

1 NATURE OF ADJUSTMENT—EXPLAIN FULLY. SHOW DEFICIT AMOUNT IN PARENTHESES

Distributable

Non-Distributable

TOTAL

(If total increases federal taxable income, enter on Schedule A, line 1)

(If total decreases federal taxable income, enter on Schedule A, line 7)

TOTAL (enter, as appropriate, on Wisconsin Schedule 2K-1)

SCHEDULE C — ADJUSTMENTS TO CAPITAL GAINS/LOSSES BECAUSE CAPITAL ASSETS DISPOSED OF

HAD DIFFERENT BASIS FOR WISCONSIN AND FEDERAL INCOME TAX PURPOSES

DESCRIPTION OF CAPITAL ASSETS HELD ONE YEAR OR LESS

A. FEDERAL

B. WISCONSIN

C. DIFFERENCE

AND REASON FOR DIFFERENCE IN BASIS

ADJUSTED BASIS

1b TOTAL – Combine amounts in column C. Fill in here and on line 4 of Wisconsin Schedule WD (Form 2)

.........................

DESCRIPTION OF CAPITAL ASSETS HELD MORE THAN ONE YEAR

A. FEDERAL

B. WISCONSIN

C. DIFFERENCE

AND REASON FOR DIFFERENCE IN BASIS

ADJUSTED BASIS

2b TOTAL – Combine amounts in column C. Fill in here and on line 12 of Wisconsin Schedule WD (Form 2)

.......................

INFORMATION REQUIRED WHEN REQUESTING A CLOSING CERTIFICATE FOR AN ESTATE

1	Did the decedent have a will?		yes	no
2	Type of Probate	formal	informal	other
3	Is there a requirement to file a federal estate tax return (Form 706)? Yes

No If Yes, date filed

4 If the decedent did not file tax returns prior to death, state the decedent’s approximate income for: 1997 - $				,
1996 - $	, 1995 - $	, 1994- $	.

5Attach a copy of the inventory and will. Attach a copy of the final account to the final fiduciary return.

6If an estate does not have enough income to require filing and needs a Closing Certificate for Fiduciaries, or if the estate will be filing only one fiduciary return when the estate is closed and needs the closing certificate before filing that return, see page 2 of the instructions for procedures to be followed.

INFORMATION REQUIRED WHEN REQUESTING A CLOSING CERTIFICATE FOR A TRUST

1Attach a copy of the trust instrument with amendments and copies of annual court accountings for past three years.

2a. Name(s) of grantor(s) ______________________________________________________________________________________________

Social Security Number(s) _____________________________________ __________________________________________

b. Name(s) of grantee(s) _____________________________________________________________________________________________

Social Security Number(s) _____________________________________

__________________________________________

3State reason for closing the trust ________________________________________________________________________________________

__________________________________________________________________________________________________________________

4 Is a certificate required by the court?	Yes	No See page 2 of instructions (requests for closing certificates).

ATTACH A COPY OF FEDERAL FORM 1041 AND SCHEDULES TO THIS RETURN.

ALSO ATTACH COPIES OF WISCONSIN SCHEDULES 2K-1 AND WD (FORM 2), IF REQUIRED.

➤ PDF File

Document Specs

Fact Name	Fact Description
Purpose	The Wisconsin 2 Form is used for filing the Fiduciary Income Tax Return for estates or trusts.
Governing Law	This form is governed by the Wisconsin Statutes, specifically Chapter 71, which pertains to income and franchise taxes.
Filing Year	The form is specifically designed for the tax year 1997, covering the period from January 1, 1997, to December 31, 1997.
Eligibility	Estates and trusts that have generated income are required to file this form, ensuring compliance with state tax obligations.
Required Information	Key information includes the decedent’s social security number, the name of the personal representative, and details about the estate or trust.
Closing Certificate	Taxpayers can request a closing certificate, which confirms that all tax obligations have been satisfied before the estate or trust is closed.
Attachments	Filers must attach federal Form 1041 and any relevant Wisconsin schedules, including 2K-1 and WD, as required.
Payment Methods	Payments for any taxes owed can be submitted via check or money order, which must be attached to the form when filed.

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