Schedule5S-ET: Schedule5S-ET (2025)
Wisconsin · Wisconsin DOR · Used for tax years 2025
Wisconsin Schedule 5S-ET computes entity-level tax and is filed with Wisconsin Form 5S. It reports income, deductions, taxable income, and a credit for net tax paid to another state to determine the tax amount entered on Form 5S.
What you'll need
Have the following information ready to complete Schedule 5S-ET:
- Your name and identifying number.
- Income and loss amounts for the categories listed on lines 1 through 10, including business income, rental income, interest, dividends, royalties, and capital gains or losses.
- Deduction amounts for lines 12 through 15, including the section 179 deduction, investment interest expense, and section 59(e)(2) expenditures.
- Resident and nonresident amounts and entity-level adjustments.
- Schedule ET-OS, line 22, for any credit for net tax paid to another state.
How to file
File the 2025 Schedule 5S-ET with Wisconsin Form 5S.
Enter the result from Schedule 5S-ET, line 20, on Form 5S, page 1, line 7.
Questions people ask
How do I calculate taxable income or loss?
Subtract total deductions on line 16 from total income or loss on line 11. Enter the result on line 17.
What tax rate does the 2025 schedule use?
Line 18 uses 7.9% (0.079). Multiply line 17 by that rate. If line 17 is less than zero, enter 0 on line 18.
Where do I enter the credit for net tax paid to another state?
Enter the amount from Schedule ET-OS, line 22, on Schedule 5S-ET, line 19. Subtract line 19 from line 18 to calculate line 20. If line 19 is larger than line 18, enter 0 on line 20.
What goes in the total column?
Column (e) is the total of columns (b), (c), and (d): residents, nonresidents, and entity-level adjustments.