ScheduleFC: ScheduleFC (2024)
Wisconsin · Wisconsin DOR · Used for tax years 2024
Wisconsin Schedule FC is used to claim the 2024 farmland preservation credit. It reports farmland and agreement information, household income, and property taxes to calculate the credit and is included with your Wisconsin tax return.
Who files this form
Schedule FC is used to claim the 2024 farmland preservation credit. You may file it only if you are subject to a farmland preservation agreement entered into before July 1, 2009.
The form also states:
- Individuals must have been legal residents of Wisconsin for all of 2024.
- Corporations must have been organized under Wisconsin law.
Include Schedule FC with Wisconsin Form 1, 1NPR, 2, 4, 4T, or 6.
What you'll need
Have the following information available to complete the schedule:
- Your legal name as shown on your Wisconsin return, Social Security number or FEIN, and farmland preservation agreement contract number.
- The number of whole acres covered by the claim and information about conservation compliance and Conservation Reserve Program enrollment.
- Whether the 2023 property taxes for all farmland covered by the claim have been paid in full, plus the net 2024 property taxes used to calculate the credit.
- Gross farm profit information for 2024 and, if needed, 2022 and 2023.
- Income information from your Wisconsin return and the other household income and adjustments listed on lines 8 through 10.
- Names, birth dates, and farm income for dependents under age 18 who have farm income. Include a separate schedule if more than three dependents have farm income.
The credit calculation also calls for Tables 1 and 2 from the instructions, and Worksheet 1 if multiple credit percentages apply.
How to file
- Answer questions 1 through 7, complete household income lines 8 through 10, and complete credit lines 11 through 17 as applicable.
- Sign and date the claim.
- Include Schedule FC with Wisconsin Form 1, 1NPR, 2, 4, 4T, or 6. The form says to paper clip Schedule FC behind the Wisconsin tax return.
- Transfer the credit from line 17 to Form 1, line 31a; Form 1NPR, line 61a; Form 2, line 14a; Form 6, Part III, line 13; or Schedule CR, line 45a, for Form 4 or 4T.
The supplied form does not give a mailing address or e-filing directions.
Common mistakes
- Do not use Schedule FC unless your farmland preservation agreement was entered into before July 1, 2009.
- Do not skip questions 1 through 7. The form says they must be answered.
- Enter numbers without commas or cents.
- Include a separate schedule if more than three dependents have farm income.
- On line 9x, include Medicare premium deductions, but do not include Title XX payments. Do not include foster care payments on line 9f.
Questions people ask
What farm profit information does the form ask for?
Question 5 asks whether the farmland produced gross farm profits of at least $6,000 during 2024 or at least $18,000 during 2022, 2023, and 2024 combined.
What if someone else used the farmland?
If that person met the farm profit requirement in question 5, question 7 asks for their name and address.
Which property tax years appear on the form?
Question 3 asks whether the 2023 property taxes for all farmland covered by the claim have been paid in full. Line 11a asks for the net 2024 property taxes on which the claim is based.
What does the certification on line 18 mean?
If applicable, checking the box certifies both that none of the information on your previously submitted farmland preservation agreement has changed and that you notified the County Land Conservation Committee of your intent to file a 2024 Schedule FC.