Schedule3-ET: Form 3 Entity-Level Tax Computation (2024)
Wisconsin · Wisconsin DOR · Used for tax years 2024
Wisconsin Schedule 3-ET computes entity-level tax for 2024 and is included with Wisconsin Form 3. It reports income, deductions, entity-level adjustments, taxable income, and a credit for net tax paid to another state.
What you'll need
- Wisconsin Form 3: The form says to include Schedule 3-ET with this return.
- Schedule ET-OS, if claiming the credit for net tax paid to another state: Schedule 3-ET, line 20, uses the credit from Schedule ET-OS, line 22.
How to file
Include your 2024 Schedule 3-ET with Wisconsin Form 3. Enter the amount from Schedule 3-ET, line 21, on Form 3, page 1.
The supplied form does not give a mailing address or e-filing instructions.
Common mistakes
- Do not leave Schedule 3-ET out of your Wisconsin Form 3 filing. The form says to include it.
- If taxable income on line 18 is less than zero, enter 0 on line 19.
- If the credit on line 20 is larger than the tax on line 19, enter 0 on line 21.
- Remember to enter the line 21 amount on Form 3, page 1.
Questions people ask
How is taxable income calculated?
Subtract total deductions on line 17 from total income on line 12. Enter the result on line 18.
What tax rate does the 2024 schedule use?
Line 19 multiplies taxable income on line 18 by 7.9% (0.079). If line 18 is less than zero, enter 0 instead.
Where do I enter the credit for net tax paid to another state?
Enter the amount from Schedule ET-OS, line 22, on Schedule 3-ET, line 20. Subtract that credit from line 19 to calculate line 21, but enter 0 if the credit is larger than line 19.
How do I report guaranteed payments?
Report guaranteed payments for services on line 4a and for capital on line 4b. Add those amounts and enter the total on line 4c.