Form6I: Wisconsin Adjustment for Insurance Companies (2024)
Wisconsin · Wisconsin DOR · Used for tax years 2024
Wisconsin Form 6I calculates insurance company adjustments and tax amounts for Form 6. It covers additions to income, nontaxable income from life insurance operations, net business loss adjustments, and the insurance company’s tax computation.
Who files this form
The 2024 Form 6I is for insurance companies reporting Wisconsin adjustments and tax calculations connected with Form 6. It covers insurance-specific additions, nontaxable income from life insurance operations, net business loss adjustments, and tax computation.
The supplied form does not state the full filing requirements.
What you'll need
Have the following information available for the applicable parts of Form 6I:
- Corporation and designated agent names and federal employer identification numbers (FEINs).
- Form 6, including amounts from Parts I, II, and III.
- Schedule 6Y for the dividends received deduction used in Part III.
- Form N for applicable dividends and Wisconsin lottery prize income.
- Records of loss carryforwards deducted for federal tax purposes, dividend income, and the additional federal deduction for insurers required to discount unpaid losses.
- Net gain figures for life and non-life insurance operations, and gross premium amounts.
Some calculations refer to instructions that were not supplied with this form text.
How to file
The supplied 2024 form is marked “Sample Form” and “File Electronically.” It does not provide an electronic filing website, submission steps, or a mailing address.
Questions people ask
Where do I report the total insurance-specific additions?
Add lines 1 through 3 of Form 6I. Enter the total on line 4 and on Form 6, Part II, line 2i.
Where does the nontaxable life insurance income adjustment go?
Subtract line 12 from line 9. Enter the result on Form 6I, line 13, and on Form 6, Part II, line 4o.
When do I complete lines 19 through 24 for the net business loss adjustment?
Complete those lines if line 18 is negative. If line 18 is positive, the form says there is no net business loss adjustment.
How is the tax amount on line 30 selected?
Enter the lesser of line 26 or line 29. Line 26 is line 25 multiplied by 7.9%. Line 29 combines 2% of the gross premiums on line 27a with 7.9% of the Wisconsin lottery prize income on line 28a. Report the line 30 amount on Form 6, Part III, line 9.