ScheduleDC: ScheduleDC (2024)
Wisconsin · Wisconsin DOR · Used for tax years 2024
Wisconsin Schedule DC calculates development zones credits for environmental remediation and job creation or retention, and capital investment credits for development opportunity or agricultural development zones. It also reports credits passed through from other entities, alloca
Who files this form
Use 2024 Schedule DC to report Wisconsin development zones credits, including:
- Credits for environmental remediation and job creation or retention.
- Capital investment credits for property in a development opportunity zone or agricultural development zone.
- Credits passed through from other entities and unused credit carryovers.
The schedule also has lines for fiduciaries to report credits allocated to beneficiaries.
What you'll need
Have the information and attachments needed for the parts you complete:
- Your name and identifying number.
- WEDC certification for environmental remediation and job creation or retention credits.
- Amounts of wage subsidies from the Wisconsin Worker trial job program, and subsidies and reimbursements from the Real World, Real Pay pilot project.
- Purchase prices of depreciable, tangible personal property used in business in an opportunity zone or agricultural zone, and amounts spent to acquire, construct, rehabilitate, remodel, or repair real property in those zones during the taxable year.
- Entity names, FEINs, and amounts for credits passed through from other entities. Use an additional schedule for entries beyond the spaces provided.
- Schedule CF for unused credit carryovers or if the available credit was not used in full.
How to file
File Schedule DC with Wisconsin Form 1, 1NPR, 2, 3, 4, 4T, 5S, or 6.
Include WEDC certification for credits entered on lines 1 and 2. Include Schedule CF when reporting carryovers on lines 8 or 16, or when the available credit on lines 9 or 17 was not used in full.
The supplied form does not give a mailing address or e-filing directions.
Common mistakes
- Do not skip the form's reminder to read the instructions before filling in the schedule.
- Round amounts to the nearest dollar.
- Do not leave out WEDC certification for credits on lines 1 and 2.
- Remember Schedule CF for unused credit carryovers and when the available credit was not used in full.
Questions people ask
How is the capital investment credit calculated?
Add the property purchase price on line 10 and real property expenditures on line 11. Multiply that total by 3% (0.03) on line 13 to calculate the credit before pass-through credits.
Where do I report credits passed through from another entity?
Report development zones credits on lines 6a through 6d and capital investment credits on lines 14a through 14d. Enter the entity name, FEIN, and credit amount, and use an additional schedule for extra entries.
Can I report unused credit carryovers?
Yes. Enter unused development zones credit carryovers on line 8 and unused capital investment credit carryovers on line 16. Include Schedule CF.
How do fiduciaries account for credits allocated to beneficiaries?
Enter the allocated amounts on lines 7a and 15a. Subtract those amounts from the current-year credits to calculate lines 7b and 15b. Use those reduced amounts when adding carryovers on lines 9 and 17.