ScheduleED: ScheduleED (2024)
Wisconsin · Wisconsin DOR · Used for tax years 2024
Wisconsin Schedule ED calculates the 2024 economic development tax credit available to you. It reports credits certified by the Wisconsin Economic Development Corporation, credits passed through from other entities, unused credit carryovers, and transfers between taxpayers.
Who files this form
Use Schedule ED to calculate the 2024 Wisconsin economic development tax credit and report transfers of the credit in 2024. The schedule covers credits certified by the Wisconsin Economic Development Corporation (WEDC), credits passed through from other entities, credits transferred from other taxpayers, and unused credit carryovers.
File it with Wisconsin Form 1, 1NPR, 2, 3, 4, 4T, 5S, or 6, as applicable.
What you'll need
- A copy of the WEDC certification/verification for credits entered on line 1.
- The name, FEIN, and credit amount for each entity passing a credit through to you. Line 2c provides for credits listed on an additional schedule.
- Schedule CF if you report an unused credit carryover on line 5 or do not use the available credit in full.
- For a transfer reported in Part II, the names and addresses of the eligible person and recipient, the recipient’s identifying number, and the transferred amount.
- Your name and identifying number for the top of Schedule ED.
How to file
File Schedule ED with Wisconsin Form 1, 1NPR, 2, 3, 4, 4T, 5S, or 6. The form does not provide a mailing address or e-file directions.
Complete Part I to calculate the credit, rounding amounts to the nearest dollar. Complete Part II for a transfer of the economic development tax credit in 2024. Include the WEDC certification/verification and Schedule CF when required by the lines you complete.
Common mistakes
Follow these reminders printed on the form:
- Read the instructions before filling in the schedule.
- Round amounts to the nearest dollar.
- Include a copy of the WEDC certification/verification for line 1.
- Include Schedule CF when reporting a carryover on line 5 and if the available credit on line 8 was not used in full.
- File Schedule ED with one of the Wisconsin returns listed on the form.
Questions people ask
How is my 2024 economic development tax credit calculated?
Add the WEDC-certified credits on line 1, total pass-through credits on line 2d, and credits transferred from other taxpayers in 2024 on line 3. Enter the total on line 4.
Where do I report credits passed through from other entities?
Use lines 2a and 2b for the entity name, FEIN, and amount. Enter total credits from an additional schedule on line 2c, then add lines 2a through 2c on line 2d.
What must fiduciaries do differently?
Enter the credit allocated to beneficiaries on line 4a. Subtract that amount from line 4 to get line 4b. For line 6, add lines 4b and 5 instead of lines 4 and 5.
How do credit transfers affect the available credit?
Credits transferred from other taxpayers in 2024 go on line 3. Credits transferred to other taxpayers in 2024 go on line 7. Subtract line 7 from line 6 to calculate the available credit on line 8. Part II asks for details about the transfer.