The Wisconsin Income Tax Law : With Explanatory Notes

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10. All profits from the sale of Wisconsin real estate or other capital assets accrued since the first day of January, 1911.
11. The reasonable value of farm products consumed by the owner and of all supplies from a merchant's stock used by his family.
12. Income from inheritances, bequests and trust estates.
13. Dividends from state and national banks not taxed under Wisconsin laws.
14. Dividends declared by corporations, from depreciation re- serve.
15. Endowment or other life insurance paid
...to the insured in his lifetime in excess of the premiums paid therefor.
16. Dividends declared from reserve fund to cover deprecia- tion or bad accounts.
Expenditures Not Allowable as Deductions 1. Alimony to divorced wife.
2. Depreciation of land or. of property not producing taxable income.
3. Depreciation of good will or from obsolescence.
WISCONSIN INCOME TAX LAW 55 4. Depletion of mines claimed by lessee.
5. Election expenses.
6. Administrators', executors' and attorneys' fees in probat- ing estates.


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