Schedule4I: Wisconsin Adjustments for Insurance Companies (2024)
Wisconsin · Wisconsin DOR · Used for tax years 2024
Wisconsin Schedule 4I is filed with Form 4 to calculate adjustments for insurance companies. It covers additions to income, nontaxable income from life insurance operations, a net business loss adjustment, and a tax adjustment.
Who files this form
Schedule 4I is for insurance companies reporting Wisconsin adjustments. The 2024 form says to file it with Wisconsin Form 4.
It covers insurance company additions, nontaxable income from life insurance operations, net business loss adjustments, and tax adjustments.
What you'll need
Have these forms and figures available for the applicable parts of Schedule 4I:
- Corporation name and Federal Employer ID Number.
- Wisconsin Form 4, including lines 1, 8, 9, 10, and 15.
- Schedule 4V, line 11, and Schedule 4W, lines 1 through 15i.
- Schedule 4Y for the total dividends received deduction.
- Form N, line 5, for Wisconsin income from lottery prizes.
- Figures for the federal loss carryforward deduction, dividend income, and the additional federal deduction for insurers required to discount unpaid losses.
- Net gain from operations other than life insurance, total net gain from operations, and gross premiums as defined in section 76.62, Wisconsin Statutes.
How to file
File the 2024 Schedule 4I with Wisconsin Form 4. Enter the corporation name and Federal Employer ID Number on the schedule.
Transfer the applicable results as directed:
- Line 4 goes on Schedule 4V, line 9.
- Line 13 goes on Schedule 4W, line 16.
- Line 20 is entered or included on Form 4, line 12.
- Line 26 is entered or included on Form 4, line 17.
The supplied form does not give a mailing address or e-filing instructions.
Common mistakes
Do not skip the instructions: the form specifically says to read them before filling in the schedule. Instructions were not included in the supplied text.
Questions people ask
What additions are listed in Part I?
Part I lists the loss carryforward deducted in calculating federal taxable income, dividend income not included on Form 4, line 1, and the additional federal deduction for insurers required to discount unpaid losses. Add these amounts on line 4 and enter the total on Schedule 4V, line 9.
How does Part II calculate nontaxable income from life insurance operations?
Line 11 divides net gain from operations other than life insurance by total net gain from operations and expresses the result as a percentage. Multiply line 9 by that percentage on line 12, then subtract line 12 from line 9. Enter the result on line 13 and Schedule 4W, line 16. The form refers you to the instructions for line 11.
When do I complete lines 17 through 20 for a net business loss adjustment?
Add the amounts from Form 4, lines 9 and 10, on Schedule 4I, line 16. If the total is positive, there is no net business loss adjustment. If it is negative, complete lines 17 through 20.
Where does the tax adjustment from Part IV go?
Enter or include the tax adjustment from Schedule 4I, line 26, on Form 4, line 17.