ScheduleVC: ScheduleVC (2025)
Wisconsin · Wisconsin DOR · Used for tax years 2025
Wisconsin Schedule VC calculates the 2025 angel investment credit and early stage seed investment credit. It reports qualified investments, passed-through credits, credit transfers, and unused credit carryovers.
Who files this form
Use 2025 Wisconsin Schedule VC if you qualify for either of these venture capital credits:
- Angel investment credit: Complete Part I.
- Early stage seed investment credit: Complete Part II.
The schedule also includes Part III for transfers of early stage seed investment credits and Part IV for transfers of angel investment credits.
What you'll need
Have the information and attachments that apply to your credit ready:
- Your name and identifying number.
- Investment dates, the names of qualified new business ventures or certified fund managers, and total and qualified investment amounts.
- Wisconsin Economic Development Corporation (WEDC) certification for qualified investments reported on line 1d or 7d.
- Entity names, FEINs, and amounts for credits passed through from angel investment networks or other entities.
- Schedule CF if you report unused credit carryovers or do not use the available credit in full.
- Separate schedules if you need more space for investment or pass-through credit details.
For credit transfers, gather the names and addresses of the parties, identifying numbers requested on the form, and transferred amounts. Part III also asks for investment fund manager and WEDC approval dates. Part IV asks for WEDC notification dates.
How to file
File Schedule VC with Wisconsin Form 1, 1NPR, 2, 3, 4, 4T, 5S, or 6.
Complete the part for your credit and any applicable transfer information. Include WEDC certification, Schedule CF, and additional schedules where the form requires them.
Common mistakes
- Not rounding amounts: The form says to round amounts to the nearest dollar.
- Leaving out WEDC certification: Include it with the qualified investment totals on line 1d or 7d.
- Leaving out Schedule CF: Include it when reporting unused credit carryovers and when the available credit is not used in full.
- Omitting details when space runs out: Attach separate schedules if more space is needed for investment information.
- Skipping the instructions: The form says to read the instructions before filling in the schedule.
Questions people ask
Which investments are listed in Part I?
List investments in qualified new business ventures that WEDC has verified as first eligible for a tax credit in 2025. Report the investment date, business name, total investment, and qualified investment.
How does the form calculate the investment credit?
For the angel investment credit, line 2 multiplies total qualified investments on line 1d by 25%. For the early stage seed investment credit, line 8 multiplies line 7d by 25% or allows you to enter the credit specially allocated to you.
Where do I report credits passed through to me?
Report 2025 angel investment credits passed through from angel investment networks on line 3. Report 2025 early stage seed investment credits passed through from other entities on line 9. Each asks for entity names, FEINs, and credit amounts.
Where do I report credit transfers?
Use Part III for transfers of early stage seed investment credits in 2025. Use Part IV for transfers of angel investment credits in 2025.
How do fiduciaries report early stage seed credits allocated to beneficiaries?
Fiduciaries enter the amount allocated to beneficiaries on line 11a, then subtract it from line 11 on line 11b. For line 13, fiduciaries add lines 11b and 12.