Form6Y: Wisconsin Modification for Dividends (2024)
Wisconsin · Wisconsin DOR · Used for tax years 2024
Wisconsin Form 6Y calculates the Wisconsin modification for dividends. It records payer corporations, ownership levels, acquisition dates, and dividend amounts, then subtracts foreign taxes paid on those dividends to determine the amount entered on Form 6, Part II, line 4a.
What you'll need
Have the information requested on the form ready:
- Corporation name and federal employer identification number (FEIN).
- Designated agent name and federal employer identification number.
- Each payer corporation’s name.
- The payee’s ownership category for each payer: 70% or more, or more than 50% but less than 70%.
- The date each payer was acquired by the payee, in month/day/year format.
- Amounts to report for each payer and totals from any additional Forms 6Y.
- Foreign taxes paid on dividends included on line 2.
How to file
The supplied form is marked “Sample Form” and says “File Electronically.” It does not provide an electronic filing website or a mailing address.
To complete the totals:
- Add lines 1a through 1f and enter the result on line 1g.
- On line 1h, enter the total of line 1g from additional Forms 6Y.
- Add lines 1g and 1h on line 2.
- On line 3, enter foreign taxes paid on dividends included on line 2.
- Subtract line 3 from line 2. Enter the result on line 4 and on Form 6, Part II, line 4a.
Questions people ask
Which ownership box should I check?
The form asks you to check one: 70% or more, or more than 50% but less than 70%.
Where do totals from additional Forms 6Y go?
Enter the total of line 1g from additional Forms 6Y on line 1h.
Where do I report foreign taxes paid on dividends?
Enter foreign taxes paid on dividends included on line 2 on line 3.
Where does the final amount go?
Subtract line 3 from line 2 and enter the result on line 4. Also enter that amount on Form 6, Part II, line 4a.