ScheduleCS: ScheduleCS (2024)
Wisconsin · Wisconsin DOR · Used for tax years 2024
Wisconsin Schedule CS reports contributions to Edvest and Tomorrow’s Scholar college savings accounts and calculates the allowable income subtraction and carryover. It also calculates income additions and carryover adjustments for certain withdrawals, distributions, and rollovers
Who files this form
Schedule CS covers contributions to Wisconsin Edvest and Tomorrow’s Scholar college savings accounts. It has sections for both account owners and people who contribute to someone else’s account.
The schedule also covers carryovers, withdrawals within 365 days of a contribution, certain distributions not used for qualified higher education expenses, and rollovers to another state’s qualified tuition program, a qualified ABLE account, or a Roth IRA.
File Schedule CS with Wisconsin Form 1 or 1NPR.
What you'll need
Have the information needed for the parts that apply to you:
- Your name and Social Security number, and the account beneficiary’s name.
- The account owner’s name and address if you contributed as someone other than the owner.
- Your 2024 contribution amounts and, for Section D, contributions made by others.
- Your 2023 Schedule CS for prior contribution totals and carryover amounts.
- Details of applicable 2024 withdrawals, distributions, and rollovers, including amounts previously claimed as Wisconsin subtractions by you and other contributors.
How to file
File the 2024 Schedule CS with Wisconsin Form 1 or 1NPR.
The supplied form does not provide a mailing address or e-filing directions.
Common mistakes
- Do not enter more than $5,000 on line 10, or $2,500 if married filing a separate return. The form also refers to instructions for further limitations, but those instructions were not supplied.
- Complete Part II as directed on line 10. If line 15 is greater than line 14, enter zero on line 16 rather than a negative amount, and complete Part V.
- Use the first-in, first-out method when checking whether a 2024 withdrawal occurred within 365 days of a contribution.
- Do not overlook the income additions and carryover reductions directed in Parts III and IV. Complete Part V where directed.
- Enter zero for 2024 on line 37, “Prior year qualified Roth rollovers.”
Questions people ask
Can I report contributions if I am not the account owner?
Yes. Part I, Section B is for people other than the account owner. It asks for the owner’s name and address, the beneficiary’s name, and your 2024 contribution amount.
What is the maximum subtraction shown on the form?
Line 10 says not to enter more than $5,000, or $2,500 if married filing a separate return. It also refers to instructions for further limitations. Those instructions were not supplied.
How do I calculate a carryover to 2025?
Complete Part V. It combines the carryover from line 37 of your 2023 Schedule CS with line 16 of your 2024 Schedule CS, then subtracts the amounts listed on lines 43a through 43f. Line 45 shows the carryover to 2025.
What if I withdrew money within 365 days of contributing it?
Part III asks you to use a first-in, first-out method to identify those amounts. The portion previously claimed as a subtraction must be included in income on line 17b. The remainder on line 17c reduces carryover through Part V.