ScheduleQI: ScheduleQI (2025)
Wisconsin · Wisconsin DOR · Used for tax years 2025
Wisconsin Schedule QI reports the sale of an investment in a qualified Wisconsin business and is included with Form 1 or 1NPR. It records investment details, sales price, Wisconsin-adjusted basis, non-taxable qualified gain, and net taxable long-term gain or loss.
Who files this form
The 2025 Schedule QI is for reporting the sale of an investment in a qualified Wisconsin business. The form lists stock purchases, partnership interests, and LLC memberships as investment types.
Include Schedule QI with Wisconsin Form 1 or 1NPR.
What you'll need
Have the following information ready:
- Your name as shown on Form 1 or 1NPR and your Social Security number.
- The investment’s sale date, initial purchase date, and investment type.
- The qualified Wisconsin business’s name and federal employer identification number (FEIN).
- If a pass-through entity sold the investment, that entity’s name and FEIN.
- Federal Form 8949, which supplies the sales price for line 5.
- The cost or other basis adjusted for Wisconsin, any deferred long-term gain included in the investment, and the amount computed as nontaxable qualified gain.
The form also directs you to enter the line 10 amount on Schedule WD, line 15a.
How to file
Include the completed 2025 Schedule QI with Wisconsin Form 1 or 1NPR. Enter the nontaxable qualified gain from Schedule QI, line 10, on Schedule WD, line 15a.
The provided form does not give a mailing address or e-filing directions.
Common mistakes
- Do not enter the broker’s information on line 4. Enter the qualified Wisconsin business’s name and FEIN.
- The initial investment purchase date on line 2 must be after December 31, 2010.
- Wisconsin basis on line 6 must be reduced for deferred long-term gain. The form refers you to the line 6 instructions.
- Read the instructions before completing the schedule. For an investment in a single-member LLC, the form specifically directs you to the General Instructions.
- Remember to include Schedule QI with Form 1 or 1NPR and transfer line 10 to Schedule WD, line 15a.
Questions people ask
What investment types are listed on Schedule QI?
The form lists stock purchase, partnership interest, and LLC membership. Check one on line 3.
What purchase date is required for the initial investment?
On the 2025 schedule, line 2 says the initial investment purchase date must be after December 31, 2010, and refers you to the line 2 instructions.
What if a pass-through entity sold the investment?
Enter the pass-through entity’s name and FEIN on line 4a. This is separate from the qualified Wisconsin business’s information on line 4.
Where do I report the nontaxable qualified gain?
Enter the amount you computed on Schedule QI, line 10, and on Schedule WD, line 15a. The form refers you to the line 10 instructions for that computation.
How does the form calculate net taxable long-term gain or loss?
Add lines 6 and 10 and enter the total on line 11. Then subtract line 11 from the sales price on line 5 and enter the result on line 12.