Where Does Pro Series Prorate WI Retirement Subtraction for Part-Year Resident

Hi ​@Frustrated-in-IL thanks for posting about where does ProSeries prorate WI retirement subtraction. We’d reach out to ProSeries Support for further assistance with this. 

If you use the Part Year Allocation table at the bottom of the Fed Info worksheet, do the allocations transfer over?  some states do, some dont.

You also have to be carefull WI property tax credit doesn’t be given to non-residents who simply work in WI.  Program automatically calculates even when you list non-resident as taxpayers.

The zoom does take you to the correct worksheet, but it takes you to the bottom of the worksheet. You just have to scroll to the top. Also be sure to check yes or no if you want the deduction, Just note you will lose other deductions that client may be entitled to if you check yes. Read instructions to see the deductions you will lose. Be sure you filled out the part year worksheet in federal section, as it does transfer to state.

​@taxiowa Part year residents do claim property tax credit only nonresidents can not claim.

Example: You owned a home in Indiana and lived there from January through April of 20XX (four months). On May 1, 20XX, you became a Wisconsin resident. You rented an apartment in Wisconsin for the remainder of the year. You were unable to sell your home in Indiana. In December of 20XX, you paid $1,200 of property taxes on the Indiana home. You may claim the school property tax credit based on the amount of rent paid for May through December of 20XX and on $400 of property taxes paid on your home for the period during which you occupied the home (4/12 x $1,200 = $400)