ScheduleCM: ScheduleCM (2024)
Wisconsin · Wisconsin DOR · Used for tax years 2024
Wisconsin Schedule CM calculates the 2024 Community Rehabilitation Program Credit for payments to a community rehabilitation program for work performed for your business. It also reports credits passed through from other entities, unused credit carryovers, and credit allocated to
Who files this form
Schedule CM is for claiming Wisconsin’s Community Rehabilitation Program Credit. It covers payments made during the taxable year to a community rehabilitation program for work performed for your business, credits passed through from other entities, and unused credit carryovers.
The claimant completes Part I. The community rehabilitation program completes Part II.
What you'll need
Have the following information and schedules ready:
- Your name and identifying number.
- The amount paid during the taxable year to the community rehabilitation program for work performed for your business.
- Part II completed by the community rehabilitation program, including its name and address, the entity for which work was provided, taxable-year dates, contract date, payment amounts, and an authorized representative’s signature and date.
- Additional Schedules CM if you paid more than one community rehabilitation program.
- Entity names, FEINs, and amounts for passed-through credits, plus an additional schedule for any credits reported on line 4c.
- Schedule CF if you report an unused credit carryover or do not use the available credit in full.
How to file
Enclose Schedule CM with Wisconsin Form 1, 1NPR, 2, 3, 4, 4T, 5S, or 6.
Complete Part I and have the community rehabilitation program complete and sign Part II. Include Schedule CF when reporting a carryover on line 6 or when the available credit on line 7 is not used in full.
Common mistakes
- Entering more than $500,000 on line 1. The form explicitly limits that entry to $500,000.
- Forgetting Schedule CF when reporting an unused credit carryover or when the available credit is not used in full.
- Filing Schedule CM without enclosing it with one of the Wisconsin returns listed on the form.
The form also reminds you to read the instructions before filling in the schedule.
Questions people ask
How is the 2024 credit calculated?
Enter payments for work performed for your business on line 1, up to $500,000, then multiply that amount by 5% on line 2. Add line 2, credits from additional Schedules CM on line 3, and passed-through credits on line 4d to get the 2024 credit on line 5.
What if I paid more than one community rehabilitation program?
Report the amounts from line 2 of any additional Schedules CM on line 3.
Can I report credits passed through from other entities?
Yes. Lines 4a and 4b ask for each entity’s name, FEIN, and credit amount. Report total passed-through credits from an additional schedule on line 4c, then add lines 4a through 4c on line 4d.
How do fiduciaries report credits allocated to beneficiaries?
Enter the amount allocated to beneficiaries on line 5a and subtract it from line 5 to get line 5b. For the available credit on line 7, fiduciaries add lines 5b and 6.