In TaxSlayer Pro, the Wisconsin resident tax return automatically calculates the nonrefundable School Property Tax Credit based on property taxes paid (as entered in federal Schedule A). This credit and the refundable Eligible Veterans and Surviving Spouses Property Tax Credit cannot both be taken on the same tax return.
If the taxpayer qualifies for the Eligible Veterans and Surviving Spouses Property Tax Credit, you'll need to remove the School Property Tax Credit from the return for them to take it. To do this in TaxSlayer Pro, from the Wisconsin Tax Return Menu select:
- Tax minus Nonrefundable Credits
- School Property Tax Credit
- Property Taxes paid on home
- Adjustments to Property Taxes (+/-) - Enter as a negative the amount of property tax paid, as shown on the previous menu line.
After eliminating the School Property Tax Credit select:
- Payments and Refundable Credits
- Veterans and Surv. Spouse Prop. Tax Cr - Enter the amount of real estate taxes paid in the year.
Note that if this credit is added to the return and the return is marked for electronic filing, Form W-RA will print with the return with the "Eligible veterans and surviving spouses property tax credit" check box checked. Form W-RA, along with paperwork supporting the taxpayer's claim to this credit, must be mailed to the Wisconsin DOR. Failure to do this will delay the state processing the return.
If this credit is added to the return and the return is being filed in paper form, Form W-RA won't print but you'll still need to attach copies of the same paperwork supporting the taxpayer's claim to the credit.
Additional Information:
Wisconsin DOR: Form 1 instructions