ScheduleCR: ScheduleCR (2024)
Wisconsin · Wisconsin DOR · Used for tax years 2024
Wisconsin Schedule CR reports other credits for 2024 for individuals, fiduciaries, and corporations. It summarizes available and used nonrefundable credits and refundable credits, and is included with Wisconsin Form 1, 1NPR, 2, 4, or 4T.
Who files this form
The 2024 Wisconsin Schedule CR reports the credits listed on the schedule. Part I covers credits for individuals, fiduciaries, and corporations. Part II is for corporations only.
Include Schedule CR with Wisconsin Form 1, 1NPR, 2, 4, or 4T. The state historic rehabilitation credit on line 16 and the angel investment credit on line 31 are for individuals only.
What you'll need
Use the credit schedules referenced next to the credits you report. These include:
- Schedule CF for many credit carryforwards and the manufacturing investment credit.
- Schedules ES, CM, LI, HR, MA-M, MA-A, R, and MS for the corresponding credits on page 1.
- Schedules DC, ED, and VC for the corresponding nonrefundable credits on page 2.
- Schedules EC, BD, EIT, and R for refundable credits in Part I.
- Schedules FC and FC-A for farmland preservation credits in the corporations-only section.
Schedule CR also asks for your name and identifying number.
How to file
Include the completed 2024 Schedule CR with Wisconsin Form 1, 1NPR, 2, 4, or 4T. The supplied form does not give a mailing address or e-filing directions.
- Enter credit amounts in the applicable lines. Column A is credit available for 2024; Column B is credit used for 2024.
- Add lines 1 through 24 and carry the line 25 totals to line 26 on page 2.
- Individuals and fiduciaries transfer the nonrefundable credit total from line 34, Column B, to the return or Schedule ESBT line specified on the form. Transfer the refundable credit total from line 40 to the specified return line.
- Corporations carry the Part I totals to Part II. Transfer line 43, Column B, to Form 4, line 19, or Form 4T, line 12. Transfer line 46 to Form 4, line 27, or Form 4T, line 31.
Questions people ask
What is the difference between Columns A and B?
Column A shows credit available for 2024. Column B shows credit used for 2024.
Does Schedule CR report both refundable and nonrefundable credits?
Yes. Both Part I and Part II have separate sections for nonrefundable and refundable credits.
Where are research credits reported?
Nonrefundable research credits from Schedule R, line 23, go on Schedule CR, line 17. Refundable research credits from Schedule R, line 20, go on line 39.
Who completes Part II?
Part II is for corporations only. It includes totals carried from Part I, the community development finance credit carryforward, and farmland preservation credits.