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How to prepare WI FA-4139V

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About WI FA-4139V

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Video instructions and help with filling out and completing WI FA-4139V

Instructions and Help about WI FA-4139V

Hi this is Part B of how to fill out Wisconsin tax form. We've gotten all the way through step 7 with Part A of the video if you have not watched part an of the video yet please do that now and then come back to this video. Part B is starting with line 8, and we're dealing with the rent right now. You're reliving with your parents, so this would be zero for you if you do not pay rent. If you do pay rent, you will be able to take this credit if we look on the w-2 that the state information is on the right-hand side you will note that Barney pays rent of two hundred and twenty-five dollars per month and heat is not included in his apartment if you come over to line 8a you have to go to the heat not included, and you have to multiply the two hundred and twenty-five dollars per month times the twelvemonths that there are in the year don't forget that step because you get a lot more credit that way all right and or money back on your tax forms so if you do the multiplying it should come up to twenty-seven hundred dollars that he has paid in rent for 2014 you're going to plug that number into the tax table on page twelve so if I go to my Wisconsin tax form, and I'm going to page 12 of theta form you will see the tax creditable that pops up, and you want to know what each one of these columns stand for.