ScheduleMS: ScheduleMS (2025)
Wisconsin · Wisconsin DOR · Used for tax years 2025
Wisconsin Schedule MS calculates the manufacturer’s sales tax credit carryforward allowable for 2025. It reports unused credits from pass-through entities and sole proprietorships, as well as corporations’ own operations, and determines the credit amount you may claim on your ret
Who files this form
Use 2025 Wisconsin Schedule MS to figure the manufacturer’s sales tax credit carryforward you may claim on your return.
The schedule covers unused credits from pass-through entities and sole proprietorships. It also includes a line for corporations’ unused credits from their own operations.
What you'll need
The form asks for the following information:
- Your name and identifying number.
- Each business’s name and, for entities only, federal employer identification number.
- Unused credit as of the beginning of your 2025 taxable year.
- Your share of each business’s net income or loss and unused sales tax credit.
- Gross tax and recomputed 2025 tax liability.
The form also provides a line for amounts from additional businesses reported on separate schedules.
How to file
File Schedule MS with Wisconsin Form 1, 1NPR, 2, 4, 4T, 5S, or 6.
In Part I, list the businesses from which you have unused credit. In Part II, enter the requested information for each business. Column (e) is column (c) minus column (d). In column (g), enter the smaller of column (e) or column (f).
Report amounts from additional businesses on line 2 using separate schedules. Corporations report unused credit from their own operations on line 2a. Add the amounts in column (g) on line 3 to find the credit you may claim on your return.
Common mistakes
- Do not overlook the corporation-specific direction: if none of your manufacturer’s sales tax credit carryforward is from a pass-through entity, skip Part I. Enter your unused credit as of the beginning of your 2025 taxable year on Part II, line 2a.
- File Schedule MS with one of the Wisconsin returns listed on the form: Form 1, 1NPR, 2, 4, 4T, 5S, or 6.
Questions people ask
Which year’s carryforward does this schedule cover?
This schedule figures the manufacturer’s sales tax credit carryforward available for 2025. Part I asks for unused credit as of the beginning of your 2025 taxable year.
How much credit can I claim for each business?
Part II, column (g), uses the smaller of the portion of gross tax attributable to your share of the business’s net income or loss, shown in column (e), or your share of the business’s unused sales tax credit, shown in column (f).
What if I have additional businesses to report?
Part II, line 2, provides for amounts from additional businesses reported on separate schedules.
Where does a corporation report unused credit from its own operations?
Report it on Part II, line 2a. If none of the corporation’s carryforward is from a pass-through entity, the form directs the corporation to skip Part I.