2024 Instructions for the Wisconsin Fiduciary Return
                                  Form 2 and Schedule 2K-1

Form 2 and Schedule CC, Request for a Closing Certificate of Fiduciaries, may be filed electronically! Note  Schedule CC must be 
filed separately from Form 2.

• Form 2 may be filed electronically using modernized e-file software. See Third-Party Software for Fiduciary, Estate and Trust e-File Returns
on the department’s website.
• Schedule CC and required documents may be filed electronically directly from the department’s website at
https://tap.revenue.wi.gov/ClosingCertificate.

                                              Important Notices

• Wisconsin did not adopt section 199A of the Internal Revenue Code (IRC), as created in the federal Tax Cuts and Jobs Act of
2017, which provides a taxpayer, other than a corporation, a federal deduction of up to 20 percent of qualified business income.
Any federal qualified business income deduction claimed under sec. 199A, IRC, that is included in the computation of federal
taxable income of a fiduciary or its beneficiaries must be added back to Wisconsin taxable income using Schedule B of Form
2. Note           Nonresident and part-year resident estates and trusts may not use Schedule A for Form 2. They must instead use
Schedule NR to report adjustments.

• Wisconsin follows the final treasury regulations from the IRS under TD 9918, as they relate to secs. 67(e) and 642(h), IRC, for
determining the character, amount, and allocation of deductions in excess of gross income succeeded to by a beneficiary on
the termination of an estate or non-grantor trust for taxable years beginning after December 31, 2017.

                                              Table of Contents
                                                                                                            Page
   General Instructions   ......................................................................  2
   • Resident Estates or Trusts   .................................................................  2
   • Situs of Income  ..........................................................................  2
   • Filing Requirements   ......................................................................  2
   • Other Filing Requirements   .................................................................  3
   • When and Where to File  ...................................................................  4
   • Withholding Requirement for Estates and Trusts Having Nonresident Beneficiaries ......................  5
   • Seven Steps to Filing the Fiduciary Income Tax Return  ...........................................  5
   • Requesting a Closing Certificate   ............................................................  6
   • Tax Help or Additional Forms  ...............................................................  6
   Line Instructions   .........................................................................  6
   • Income Computation  ......................................................................  8
   • Tax Computation  .........................................................................  8
   Special Instructions  ....................................................................... 12
   • Third-Party Designee  ..................................................................... 12
   • Pass-Through Entity Representative  .......................................................... 12
   • Penalties and Interest  ..................................................................... 12
   • Fraudulent or Reckless Credit Claims  ......................................................... 13
   • Internal Revenue Service Adjustments and Amended Returns   ..................................... 13
   • Estimated Tax Payments  ................................................................... 13
   • Requesting Copies of Returns   .............................................................. 13
   Schedule A Instructions – Additions and Subtractions  .......................................... 13
   • Additions  ............................................................................... 13
   • Subtractions   ............................................................................            16
   • Other Additions to or Subtractions from Income  .................................................      18
   Schedule B Instructions – Conformity with Internal Revenue Code   ...............................        19
   Schedule C Instructions – Adjustments to Capital Gains/Losses   .................................        19
   Schedule 2K-1 Instructions – Beneficiary’s Share of Income, Deductions, Etc  ......................      19
   • Line Instructions  ........................................................................  20
   Tax Tables  ..............................................................................  22

I-022 (R. 11-24)                                                                                          Wisconsin Department of Revenue

                                                General Instructions

 Resident Estates or Trusts
ESTATES: The estate of a decedent is considered resident of Wisconsin if the decedent was domiciled in Wisconsin at the time of death.

TRUSTS: A trust created by a decedent’s will (testamentary trust) is resident of Wisconsin if the decedent was domiciled in Wisconsin 
at the time of death, unless transferred by a court having jurisdiction to another court’s jurisdiction.

Inter vivos trusts that are made irrevocable and were administered in Wisconsin before October 29, 1999, are considered resident of 
Wisconsin if they are being administered in Wisconsin.

The following inter vivos trusts that become irrevocable on or after October 29, 1999, or that became irrevocable before October 29, 
1999, and are first administered in Wisconsin on or after October 29, 1999, are resident of Wisconsin:

1.  Trusts, or portions of trusts, the assets of which consist of property placed in the trust by a person who is a resident of Wisconsin 
at the time that the property was placed in the trust if, at the time that the assets were placed in the trust, the trust was irrevocable.

2.  Trusts, or portions of trusts, the assets of which consist of property placed in the trust by a person who is a resident of Wisconsin 
at the time that the trust became irrevocable if, at the time that the property was placed in the trust, the trust was revocable.

A trust is revocable if the person whose property constitutes the trust may revest title to the property in that person.

A trust is irrevocable if the power to revest title does not exist.

Note  For more information regarding the residency of estates and trusts, view the answers to common questions for Estates, Trusts, 
and Fiduciaries on the department’s website at revenue.wi.gov/Pages/FAQS/ise-estate.aspx.

 Situs of Income
ESTATES: During the time the estate is a Wisconsin resident, all income is sourced to Wisconsin. During the time the estate is not 
a Wisconsin resident, income is sourced to Wisconsin under sec. 71.04, Wis. Stats.

TRUSTS: During the time a trust is a Wisconsin resident, all income is sourced to Wisconsin. During the time a trust is not a Wisconsin 
resident, income is sourced to Wisconsin under sec. 71.04, Wis. Stats.

For inter vivos trusts that become irrevocable on or after October 29, 1999, or that became irrevocable before 
October 29, 1999, and are first administered in Wisconsin on or after October 29, 1999, Wisconsin sourced income must be determined 
separately for each asset in the trust based on each asset’s residency. All income from resident assets is sourced to Wisconsin and 
income from nonresident assets is sourced to Wisconsin under sec. 71.04, Wis. Stats.

 Filing Requirements
RESIDENT ESTATES: Every personal representative or special administrator of the estate of a Wisconsin decedent must file a Wis-
consin fiduciary income tax return if the gross income of the estate is $600 or more.

Gross income means all income (before deducting expenses) reportable to Wisconsin which is received in the form of money, prop-
erty, or services. It does not include items that are exempt from Wisconsin tax.

Note If an estate sells the decedent’s residence and the gross proceeds from the sale are greater than $600, the personal represen-
tative is required to file a tax return even if the residence is sold at a loss.

Example: The decedent was a Wisconsin resident. The decedent’s personal residence is the only asset of the estate. The residence’s 
value is $100,000 at date of death. The estate sells the residence for a sale price of $90,000. The net loss is ($10,000). Although the 
sale resulted in a loss, the personal representative is required to file a tax return because gross income from the sale of the residence 
is $90,000 and that is greater than the $600 filing requirement.

NONRESIDENT ESTATES: A nonresident estate must file a Wisconsin fiduciary return if it has gross income (see definition under 
“RESIDENT ESTATES”) of $600 or more from Wisconsin sources.

Income from Wisconsin sources includes income or gain from:
a.  Real or tangible personal property located within the state.
b.  A business, trade, profession, or occupation carried on within the state, including a corporation taxed under Subchapter S of the 
Internal Revenue Code.
                                                                   - 2 -

c.  Personal or professional services performed within the state either as an individual or a member of a partnership.
d.  Income received from the Wisconsin state lottery or a multijurisdictional lottery if the winning lottery ticket or lottery share was 
  purchased from a Wisconsin retailer.

GRANTOR TYPE TRUSTS:  If the entire trust is a grantor trust that is disregarded for income tax purposes, the trust is not required 
to file a Wisconsin fiduciary income tax return.

Exception  Grantor trusts filing under a federal employer identification number instead of a grantor’s social security number, including 
qualified subchapter S trusts (QSSTs), must file a Form 2. Include a complete copy of the entity’s federal return.

RESIDENT TRUSTS:  Every trustee of a Wisconsin trust must file a Wisconsin fiduciary income tax return if the trust has:
1.  Any taxable income for the tax year, or
2.  Gross income (see definition under “RESIDENT ESTATES”) of $600 or more regardless of the taxable income.

Example: A resident trust has $400 of interest income. It makes no distributions and therefore only has an exemption of $100, which 
would result in taxable income of $300. The trust is required to file a Wisconsin fiduciary return, because it has taxable income.

NONRESIDENT AND PART-YEAR RESIDENT TRUSTS: A nonresident or part-year resident trust must file a Wisconsin fiduciary 
income tax return if it has:
1.  Any Wisconsin taxable income for the year, or
2.  Gross income from Wisconsin sources (see definitions under “RESIDENT ESTATES” and “NONRESIDENT ESTATES”) of $600 
  or more regardless of the taxable income.

 Other Filing Requirements
EXEMPT TRUSTS: (Do NOT file Form 2 if required to file Form 4T.) Trusts that are exempt under the Internal Revenue Code by reason 
of their purposes or activities are also exempt from Wisconsin income tax. Common law trusts organized or conducted for profit are 
deemed to be corporations and must file a Wisconsin corporation franchise or income tax return.

Note  Trusts that are exempt from federal taxation under sec. 501(a), IRC, including certain pension, profit-sharing, and stock bonus 
plans described in sec. 401(a), IRC, and individual retirement arrangements (IRAs) are required to report unrelated business taxable 
income for Wisconsin tax purposes. File a Wisconsin Form 4T if the trust reports unrelated business taxable income for federal 
purposes on federal Form 990-T and the trust has gross income from an unrelated trade or business of $1,000 or more. For more 
information, see Wisconsin Form 4T instructions on the department’s website at revenue.wi.gov.

FINAL RETURN OF AN ESTATE OR TRUST: A           final fiduciary return reporting all income received from the beginning of the taxable 
year of closing to the date of closing may be required.

The net income computed on the final return must be distributed to the beneficiaries and no income tax is payable by the fiduciary. 
The beneficiaries of the estate or trust must report income as if it had been received without the intervention of the fiduciary.

Include a copy of the final account or a letter advising that a final account is not required by the probate court with the final fiduciary 
return.

BANKRUPTCY ESTATE – PROMPT DETERMINATION REQUESTS: Under Rev. Proc. 2006-24, 2006-22 I.R.B. 943, as modified by 
Announcement 2011-77, the bankruptcy trustee may request a determination of any unpaid tax liability. Requests may be submitted 
via:
• DORBankruptcySpecialist@wisconsin.gov 
• Fax: (608) 224-5700 
• MS 4-CMP-W
  Wisconsin Department of Revenue
  PO Box 8901
  Madison WI 53713-8901

CHARITABLE REMAINDER TRUSTS: If you are required to file a federal Form 5227 for a charitable remainder trust, you are not 
required to file a Wisconsin tax return. However, if the charitable remainder trust has at least $1,000 of Wisconsin sourced gross 
income from an unrelated trade or business, the charitable remainder trust is required to file a Wisconsin Form 4T.

ESTATE OR TRUST RECEIVING A SCHEDULE 2K-1, 3K-1, OR 5K-1: An estate or trust must include with the Form 2, any Schedule 
2K-1, 3K-1 or 5K-1 received by the estate or trust for the taxable year.

                                                                - 3 -

INDIVIDUAL TAX RETURN FOR A DECEDENT: A personal representative or petitioner must file an individual return for a decedent 
to report income from the beginning of the year to the date of death (Form 1 or 1NPR). The due date of the 2024 individual return is 
April 15, 2025. The filing requirements are as follows:
a.  Single persons.
 (1)  Under age 65 – gross income of $13,930 or more.
 (2)  Age 65 or older – gross income of $14,180 or more.
b.  Married persons filing jointly.
 (1)  Both spouses under age 65 – gross income of $25,890 or more.
 (2)  One spouse age 65 or older – gross income of $26,140 or more.
 (3)  Both spouses age 65 or older – gross income of $26,390 or more.
c.  Married persons filing separately.
 (1)  Under age 65 – gross income of $12,330 or more.
 (2)  Age 65 or older – gross income of $12,580 or more.
d.  Head of household.
 (1)  Under age 65 – gross income of $17,790 or more.
 (2)  Age 65 or older – gross income of $18,040 or more.
e.  Part-year resident or nonresident – gross income from Wisconsin sources of $2,000 or more.

 When and Where to File
A return for a trust is due on or before April 15, 2025. A return for an estate is due on or before April 15, 2025, for a calendar year filer 
or the 15th day of the 4th month after the close of the taxable year for a fiscal year filer.

Note Form 2 may be filed electronically using modernized e-file software. See Third-Party Software for Fiduciary, Estate and Trust 
e-File Returns on the department’s website.

Short Period Returns. Returns for short taxable years (periods of less than 12 months) are due on or before the federal due date. 
Be sure to use the correct year’s tax return when filing for a short period. If the tax returns are not yet available, wait until the returns 
become available and file under extension. For example, if a taxpayer has a short period from January 1, 2025 through March 31, 
2025, the 2025 Form 2 will not be ready by July 15, 2025 (unextended due date for a March 31 year-end). Wisconsin law provides 
for the same extension period (typically 5 1/2 months) as the Internal Service to file the estate or trust return (see Extensions below). 
Filing under extension will allow the correct years return to be filed when the 2025 Form 2 is available (typically November 1).

Exception If an estate is submitting a final return (Form 2) that begins and ends in the current tax year and the period ends on or 
before October 31, the estate may submit a short-period return on the most current Form 2 available.

Extensions. If you cannot file on time, the following options are available for obtaining an extension:
1.  If you have an extension for filing your federal return, this automatically gives you a Wisconsin extension provided you:
 •  Estimate your 2024 Wisconsin tax and pay the amount you will owe with your return (line 25 of Form 2) by the unextended due 
 date of the return using 2024 Wisconsin Form 1-ES, and
 •  Include a copy of your federal extension application with your Form 2 when filed.

2.  Extensions available under federal law may be used for Wisconsin purposes (typically 5 1/2 months), even if you do not need a 
 federal extension because you file your federal return by the due date. To obtain an extension only for Wisconsin,
 •  Estimate your 2024 Wisconsin tax and pay the amount you will owe by the unextended due date of the return and
 •  Include a statement with your Form 2 indicating which federal extension provision you are using or include a copy of a completed 
 federal extension application form.

No extension is allowed if your estimate of tax is not reasonable. For information on submitting a payment, visit the department’s Make 
a Payment web page under “Make a Payment – Individuals and Fiduciaries.”

For more information on extensions, see Publication 401, Extensions of Time to File.

Note Even though you may have an extension of time to file your return, you will owe interest on any tax not paid by the original due 
date. Returns not filed by the extended due date are subject to additional interest and penalties. 

Exception You will not be charged interest during an extension period if you qualify for a federal extension due to a federally-declared 
disaster. See Special Conditions below.

Special Conditions A “Special Conditions” section is located on page 1 of Form 2. If you have an extension of time to file because 
of a federally-declared disaster, fill in “03” in the box and indicate the specific disaster on the line provided.
                                                         - 4 -

 Withholding Requirement for Estates and Trusts Having Nonresident Beneficiaries
In general, an estate or trust that has one or more nonresident beneficiaries is required to withhold income or franchise tax on the 
income allocable to the nonresident beneficiaries. This withholding tax may be required to be paid in quarterly installments. See 
Form PW-ES, Wisconsin Pass-Through Entity Withholding Estimated Payment Voucher, and instructions for details.

For information on submitting a payment, visit the department’s Make a Payment web page under “Make a Payment – Individuals 
and Fiduciaries.”

The estate or trust uses Form PW-1, Wisconsin Nonresident Income or Franchise Tax Withholding on Pass-Through Entity Income, 
to report the withholding. Form PW-1 is due by the 15th day of the 4th month following the close of the estate’s or trust’s taxable year. 
See the Form PW-1 instructions for details.

A nonresident beneficiary includes an individual who is not domiciled in Wisconsin; a partnership, limited liability company, or 
corporation whose commercial domicile is outside Wisconsin; and an estate or trust that is nonresident under sec. 71.14(1) to (3m), 
Wis. Stats. If the nonresident beneficiary is an individual, estate, or trust, the withholding rate is 7.65%. If the nonresident beneficiary 
is a partnership, limited liability company, or corporation, the withholding rate is 7.9%.

Exceptions  Withholding is not required on behalf of the following nonresident beneficiaries:
• A beneficiary that is exempt from Wisconsin income or franchise taxation. The estate or trust may rely on a written statement from 
 a beneficiary explaining why the beneficiary is exempt from Wisconsin tax. The estate or trust must include a copy of this statement 
 with the Form 2 filed with the department.
• A beneficiary whose share of income from the estate or trust attributable to Wisconsin is less than $2,000.
• A beneficiary who completes Form PW-2,   Wisconsin Nonresident Partner, Member, Shareholder, or Beneficiary Withholding 
 Exemption Affidavit, and provides Part 2 of Form PW-2 to the estate or trust. The completed Form PW-2 must be pre-approved by 
 the department. See the Form PW-2 instructions for details.

Caution Nonresidents with a Wisconsin filing requirement must file the appropriate Wisconsin income or franchise tax return.

 Seven Steps to Filing the Fiduciary Income Tax Return

 1  Gather all records.
  Make sure that all income and expense records are available, including interest and dividend statements, so the return can be 
  prepared correctly.
 2  Complete the federal return.
  Before completing Wisconsin Form 2, complete the federal return, Form 1041 or 1041-QFT, and its supporting schedules, if 
  required.
 3  Complete the Wisconsin return (see tips on last page of these instructions).
 4  Sign the return.
  The return must be signed by the personal representative or special administrator of an estate or by the trustee of a trust.
 5  If filing on paper, assemble the return.
  Begin by putting the four pages of Form 2 in numerical order. Then attach, using a paper clip (do not staple), the following in the 
  order listed:
  • Payment – If you owe an amount with the return, paper clip your payment to the front of Form 2.
  • Wisconsin Schedules – The appropriate copy of each of your withholding statements (Schedules 2K-1, 3K-1, and 5K-1 and
    Forms W-2 and 1099).
  • Federal Return – A complete copy of your federal return (Form 1041 or 1041-QFT) and its supporting schedules and forms.
  • Supporting Documents – For example, copies of property tax bills in support of a farmland preservation credit claim.
  • Extension Form or Statement – A copy of your federal extension application or required statement if you are filing under an
    extension.
 6  Keep a copy of the return.
 7  Form 2 may be filed electronically using modernized e-file software. See Third-Party Software for Fiduciary, Estate 
  and Trust e-File Returns on the department’s website. If filing on paper, mail the return and enclosures to the 
  appropriate address as follows:

  If tax due  .....................  Wisconsin Department of Revenue PO Box 8918, Madison WI 53708-8918
  If refund or no tax due  ..........  Wisconsin Department of Revenue PO Box 8965, Madison WI 53708-8965
                                                            - 5 -

 Requesting a Closing Certificate
A request for a closing certificate should not be attached to Form 2. See the instructions for Schedule CC.

 Tax Help or Additional Forms
If you have questions or need additional forms, help is available at our Madison office (2135 Rimrock Road):
• MS 5-144
  Wisconsin Department of Revenue
  PO Box 8906
  Madison WI 53708-8906
• Telephone: (608) 266-2772
• Forms requests: (608) 266-1961
• Email:
 ᵒ Notices, payments, forms, etc.: DORIncome@wisconsin.gov
 ᵒ Audit and technical: DOREstateandFiduciary@wisconsin.gov

Internet Address You can access the department’s website at revenue.wi.gov. From this website, you can:
• Download forms, schedules, instructions, and publications.
• View answers to common questions.
• Email us comments or request help.

TTY Equipment Telephone help is available using TTY equipment. Call the Wisconsin Telecommunications Relay System at 711.

Information Publications Available Following is a list of some of the department publications. These publications provide detailed 
information relating to specific areas of Wisconsin tax law.

Number and Title
  102   Wisconsin Tax Treatment of Tax-Option (S) Corporations and Their Shareholders
  103   Reporting Capital Gains and Losses for Wisconsin by Individuals, Estates, and Trusts
  111   How to Get a Private Letter Ruling
  114   Wisconsin Taxpayer Bill of Rights
  117   Guide to Wisconsin Wage Statements and Information Returns
  120   Net Operating Losses for Individuals, Estates, and Trusts
  125   Credit for Tax Paid to Another State
  128   Wisconsin Tax Information for Military Personnel and Veterans
  401   Extensions of Time to File
  503   Wisconsin Farmland Preservation Credit
  600   Wisconsin Taxation of Gambling Income

                                                   Line Instructions

Use black ink to complete Form 2. If completing the form by hand, do not use commas or dollar signs when filling in amounts. For 
more tips, see the last page of these instructions.

Period Covered File the 2024 return for calendar year 2024 and fiscal years that begin in 2024. For a fiscal year, a 52-53 week 
period, or a short-period return, fill in the taxable year beginning and ending dates in the taxable year space at the top of the form.

Name and Identifying Number Estates use the first and second lines for the legal name, decedent’s social security number, and the 
federal employer identification number (EIN). Trusts use the third line for the legal name and federal EIN.

Exception Qualifying trusts making the election under sec. 645, IRC, to be treated as part of the decedent’s estate use the first and 
second lines for the legal name, decedent’s social security number, and the estate’s federal EIN.

Schedules 2K-1 issued Enter the total number of Schedules 2K-1 issued by the estate or trust during the taxable year.

Schedules 2K-1 issued to nonresidents Enter the total number of nonresident beneficiaries that were issued a Schedule 2K-1 by 
the estate or trust during the taxable year, including individuals, estates, and trusts not domiciled in Wisconsin and partnerships, 
limited liability companies, and corporations whose commercial domicile is not in Wisconsin.

Name Change  If the name of the estate or trust has changed, place a checkmark in the designated area below the name and ad-
dress area of Form 2.
                                                            - 6 -

Type of Estate or Trust Check to indicate the type of estate or trust.
• Electing small business trust (ESBT) – a trust that has income from one or more S corporations. The portion of an ESBT that consists 
  of stock of one or more S corporations is treated as a separate trust.
  A trust that qualifies as an ESBT for federal purposes under the IRC as amended to December 31, 2022, automatically qualifies as 
  an ESBT for Wisconsin. The trustee isn’t required to make a separate Wisconsin election, nor are they permitted to make a different 
  election for Wisconsin.
  The trust must complete Schedule ESBT, Computation of Wisconsin Taxable Income for Electing Small Business Trusts. See the 
  Schedule ESBT instructions for more information on reporting requirements of an ESBT.
• Qualified subchapter S trust (QSST) – a trust that qualifies as a QSST for federal purposes under sec. 1361, IRC, as amended to 
  December 31, 2022, automatically qualifies as a QSST for Wisconsin. The beneficiary isn’t required to make a separate Wisconsin 
  election, nor are they permitted to make a different election for Wisconsin. The QSST must file Wisconsin fiduciary income tax returns, 
  Form 2, to report its share of tax-option (S) corporation income, whether or not all of the trust income is distributed. In addition, the 
  beneficiary of the QSST must file Wisconsin individual income tax returns. See Wisconsin Publication 102 for more information.
  If the QSST is the shareholder in a tax-option (S) corporation that elects to be taxed at the entity level, the trust must inform the 
  beneficiary of the election and provide all the information reported on the Schedule 5K-1. If the tax-option (S) corporation has made 
  this election, box 3 on Schedule 5K-1, Part B, will be checked. The trust must provide the beneficiary with a detailed statement of the 
  items from the electing tax-option (S) corporation and inform the beneficiary that the tax-option (S) corporation made the election 
  to pay tax at the entity level. The beneficiary can refer to Schedule 5K-1 instructions for additional information on reporting items of 
  income, gain, loss, or deduction from an electing tax-option (S) corporation.
• Qualified funeral trust (QFT) – if a trust elects to be taxed as a QFT for federal income tax purposes, the election also applies for 
  Wisconsin. If QFT is checked, see the “Exceptions” in the instructions for line 6a.
• Nonresident estate or trust – complete Wisconsin Schedule NR.
• Part-year estate or trust – complete Wisconsin Schedule NR. Note A trust that consists of resident assets and nonresident assets, 
  as provided under sec. 71.14(3m)(a), Wis. Stats., must check the part-year resident estate or trust box and complete Wisconsin 
  Schedule NR.
• Bankruptcy estate – a separate and distinct taxable entity created when an individual debtor files for bankruptcy under Chapter 7 or 
  11 of Title 11 of the United States Code. If bankruptcy estate is checked, see the “Exceptions” in the instructions for lines 1 and 6a.
• Inter vivos trust – a trust created during a grantor’s lifetime.
• Testamentary trust – a trust created by a decedent’s will that comes into existence at the death of the decedent.
• Section 645 election – allows a qualified revocable trust to be treated and taxed as part of the related estate during the election 
  period. If the election is made for federal income tax purposes, it also applies for Wisconsin. Include a copy of federal Form 8855 
  or letter making the election.
• Decedent’s estate – a taxable entity separate from a decedent. It generally continues to exist until the final distribution of the assets 
  is made to the beneficiaries. A fiduciary administers the decedent’s assets and reports income earned during administration and 
  income in respect of the decedent (IRD).

Special Conditions Certain estates and trusts have to enter information in the Special Conditions section. For information on when 
to use the Special Conditions section, see “Special Conditions” under “When and Where to File” earlier in these instructions and 
“Expenses paid to related entities” later in these instructions. If both special conditions apply, fill in “99” in the Special Conditions box.

Rounding Off to Whole Dollars The form has preprinted zeros in the place used to enter cents. All amounts filled in the form should 
be rounded to the nearest dollar. To do so, drop amounts under 50¢ and increase amounts from 50¢ to 99¢ to the next whole dollar. 
For example, $129.39 becomes $129 and $236.50 becomes $237.

Round off all amounts. But if you have to add two or more amounts to figure the amount to fill in on a line, include cents when adding 
and only round off the total.

Accounting Periods and Methods Use the same accounting period and method of accounting that are used for federal income tax 
purposes. If the federal taxable year or method of accounting is changed, such change also applies for Wisconsin. Separate permission 
to effect such change for Wisconsin is not required. However, include a copy of the federal document authorizing the change with the 
Wisconsin fiduciary return.
• Elections. An estate or trust can’t make different elections for federal and Wisconsin purposes with respect to accounting periods and 
  accounting methods, unless the federal  method isn’t permitted under the IRC in effect for Wisconsin. In situations where an estate 
  or trust has an option under the IRC and the IRS doesn’t consider that option to be a method of accounting, a different election may 
  be made for Wisconsin than that made for federal purposes. If federal law specifies the manner or time period in which an election 
  must be made, those requirements also apply for Wisconsin purposes. For more information, see Wisconsin Tax Bulletin 214 (July 
  2021, page 8).
                                                                  - 7 -

Definitions Applicable to Fiduciaries Under Wisconsin income tax law, federal taxable income is used as a starting point in the 
computation of fiduciary income subject to the Wisconsin income tax. Therefore, most terms have the same meaning under Wisconsin 
law as in the Internal Revenue Code unless otherwise noted.

 Income Computation
Line 1. Federal Taxable Income of Fiduciary Enter the amount of taxable income of the fiduciary as reported on federal Form 1041.
Exceptions
• Qualified funeral trusts – Enter the taxable income from federal Form 1041-QFT.
• Bankruptcy estates – Leave lines 1 through 5 blank. See instructions for line 6a, under “Exceptions.”

Line 2. Additions Resident estates and trusts, enter the total of the nondistributable additions from Schedule A, column 2, line 6. 
See Schedule A Instructions later in these instructions.

Nonresident estates and part-year and nonresident trusts, enter the amount from line 3 of Part II of Schedule NR.

Line 4. Subtractions Resident estates and trusts, enter the total of the nondistributable subtractions from Schedule A, column 2, 
line 12. Enter as a positive amount. See Schedule A Instructions later in these instructions. Nonresident estates and part-year and 
nonresident trusts, enter the amount from line 4 of Part II of Schedule NR.

 Tax Computation
Line 6a. Tax on income from Line 5 Using the Wisconsin taxable income on line 5, enter the tax from the tax tables provided towards 
the end of these instructions.
Exceptions
• Qualified funeral trusts (QFTs) – If this is a composite return for a qualified funeral trust and each separate QFT has taxable income 
  of $14,320 or less, multiply the amount on line 5 by 3.50% (.035) and fill in the result on line 6a. If any of the separate QFTs has 
  taxable income of more than $14,320 compute the tax separately for each QFT and fill in the total of the tax computed separately 
  for each QFT on line 6a.
• Bankruptcy estates – Bankruptcy estates must compute tax on Form 1, using the married filing separate standard deduction and 
  tax rates. Enter the amount from line 27 of Form 1 on line 6a, and complete the rest of Form 2 as appropriate. Include Form 1 and 
  a complete copy of the federal return with Form 2.

Line 6b. ESBT Tax Complete Schedule ESBT and enter the amount from line 23 of Schedule ESBT on line 6b. See Schedule ESBT 
instructions for additional information.

Line 7. Nonrefundable Credits If you are claiming any of the credits listed below, you must complete Schedule CR. Include Sched-
ule CR, along with the appropriate schedule for the credit(s) you are claiming and any required Department of Commerce 
(DOC), Wisconsin Economic Development Corporation (WEDC), Wisconsin Housing and Economic Development Authority 
(WHEDA), approval, certification, or allocation, with Form 2. Include Schedule CF for each credit for which you claim a car-
ryforward of unused credit. Fill in the amount from line 34 of Schedule CR on line 7. Note Do not include any nonrefundable credits 
related to the tax-option (S) corporation portion of an electing small business trust, report those credits on line 22 of Schedule ESBT.
• Postsecondary Education Credit Carryforward (Schedule CF)
• Water Consumption Credit Carryforward (Schedule CF)
• Biodiesel Fuel Production Credit Carryforward (Schedule  CF)
• Health Insurance Risk-Sharing Plan Assessments Credit Carryforward (Schedule CF)
• Film Production Company Investment Credit Carryforward – Nonrefundable Portion (Schedule CF)
• Veteran Employment Credit Carryforward (Schedule CF)
• Schedule CM – Community Rehabilitation Program Credit The community rehabilitation program credit is available to estates or trusts who 
  enter into a contract with a community rehabilitation program to have the program perform work for the entity. Complete Schedule CM.
• Research Facilities Credit Carryforward (Schedule CF)
• Schedule LI – Low-Income Housing Credit The low-income housing credit is available to qualified development owners who are 
  allocated a credit amount by WHEDA. Complete Schedule LI.
• Schedule HR – Supplement to Federal Historic Rehabilitation Credit The supplement to federal historic rehabilitation credit is 
  available for rehabilitating certified historic structures or qualified rehabilitated buildings. Complete Schedule HR.
• Schedules MA-M and MA-A – Manufacturing and Agriculture Credits The manufacturing and agriculture credits are based on 
  the production gross receipts of a business less certain expenses. Complete Schedule MA-M or MA-A.
                                                           - 8 -

  If an estate or trust is a partner or shareholder in a partnership or tax-option (S) corporation that elected to be taxed at the entity 
  level, and a manufacturing and agriculture credit is passed through on Schedule 3K-1 or 5K-1, the estate or trust may not claim the 
  credit to offset tax imposed on income which is taxable to the partnership or corporation. See Schedule MA-M instructions for ad-
  ditional information on the business income limit computation.
• Schedule R – Research Credits   The research expense credit may be passed through to an estate or trust from a partnership, 
  limited liability company, or tax-option (S) corporation. Complete Schedule R.
• Film Production Services Credit Carryforward – Nonrefundable Portion (Schedule CF)         .
• Schedule MS – Manufacturer’s Sales Tax Credit If the estate or trust had $25,000 or less of unused manufacturer’s sales tax credit 
  from 1998 through 2005 and could not use the entire credit on its 2006 through 2023 returns, complete Schedule MS to determine 
  the amount of carryover credit that may be claimed for 2024.
• Manufacturing Investment Credit Carryforward (Schedule CF) 
• Dairy and Livestock Farm Investment Credit Carryforward (Schedule CF)
• Ethanol and Biodiesel Fuel Pump Credit Carryforward (Schedule CF)
• Schedule DC – Development Zones Credit Special tax credits may be available to estates or trusts doing business in Wisconsin 
  development zones. If you qualify for the credit, complete Part I of Wisconsin Schedule DC.
• Schedule DC – Capital Investment Credit The capital investment credit is available for businesses certified for tax benefits in a 
  development opportunity zone, agricultural development zone, or airport development zone. Complete Part II of Schedule DC.
• Technology Zone Credit Carryforward (Schedule CF)
• Schedule DC – Capital Investment Credit The capital investment credit is available for businesses certified for tax benefits in a 
  development opportunity zone, agricultural development zone, or airport development zone. Complete Part II of Schedule DC.
• Technology Zone Credit Carryforward (Schedule CF)
• Schedule ED – Economic Development Tax Credit The economic development tax credit may be claimed by estates or trusts 
  certified by the WEDC and authorized to claim the credit. See Schedule ED.
• Schedule VC (Part II) – Early Stage Seed Investment Credit The early stage seed investment credit is based on an investment 
  paid to a fund manager certified by the WEDC that the fund manager invests in a certified business. Complete Schedule VC.
• Electronic Medical Records Credit Carryforward (Schedule CF)
• Internet Equipment Credit Carryforward (Schedule CF)

Line 8. Net Tax Paid to Another State A resident estate or trust or resident portion of a trust that has paid tax both to Wisconsin and 
another state on the same income may be able to claim a credit for such tax. Read the Schedule OS instructions to determine if you 
may claim the credit. If you qualify for the credit, complete Schedule OS. Fill in the amount of your credit from Schedule OS on line 8. 
Be sure to enter in the brackets on line 8 the 2-letter postal abbreviation for the other state to which you paid tax. If you paid tax to 
more than one other state, fill in the number 99 in the box. See Schedule OS for other situations where additional code numbers may 
be required. Include Schedule OS and copies of the other state’s return.
Note An estate or trust may not pass through to the beneficiaries a credit for net tax paid to another state.

If an estate or trust is a partner or shareholder in a partnership or tax-option (S) corporation that elected to be taxed at the entity level 
in Wisconsin, the estate or trust may not use the taxes paid by the partnership or tax-option (S) corporation to compute a credit for 
tax paid to another state. In addition, a resident estate or trust partner or shareholder may not claim a credit for taxes paid to another 
state on income taxed at the entity level in Wisconsin.

Caution If the trust is an electing small business trust (ESBT), the trust may not claim a credit for the ESBT portion of net tax paid to 
another state on line 8. Report the ESBT portion of the credit on Schedule ESBT, line 23.

Line 11b. Sales and Use Tax Due on Internet, Mail Order, or Other Out-of-State Purchases Did the estate or trust make any 
taxable purchases from out-of-state firms in 2024 on which sales and use tax was not charged? If yes, report Wisconsin sales and 
use tax on these purchases on line 11b if they were stored, used, or consumed in Wisconsin. Also report sales and use tax on taxable 
purchases from a retailer located in another country, regardless of whether the estate or trust was charged any tax for that country 
or any duty by the U.S. Customs Service.

Taxable purchases include furniture, carpet, clothing, computers, books, CDs, DVDs, video tapes, certain digital goods (e.g., greeting 
cards, video games, music, and books, transferred electronically), artwork, antiques, jewelry, coins purchased for more than face 
value, etc.

Example: An estate or trust maintains a condo in Wisconsin. The estate or trust purchases $500 of appliances for the condo through 
a catalog or over the Internet. No sales and use tax was charged. The appliances were delivered to a county in Wisconsin with a 5% 
tax rate. The estate or trust is liable for $25 Wisconsin tax ($500 x 5% = $25) on this purchase.
                                                                - 9 -

Complete the Worksheet for Computing Wisconsin Sales and Use Tax in these instructions to determine whether you are liable for 
Wisconsin sales and use tax.

                               Worksheet for Computing Wisconsin Sales and Use Tax
 1.  Total purchases subject to Wisconsin sales and use tax (i.e., purchases on which no sales and use tax
    was charged by the seller)  ...............................................................   $
 2.  a) Wisconsin (state) sales and use tax  .......................................                       5.0
    b) County sales and use tax (see rate chart)  ..................................
    c) City sales and use tax (city of Milwaukee only, 2.0%  ..........................
 3.  Sales and use tax rate (sum of lines 2. a, b, and c)  ............................................          x               %
 4.  Amount of sales and use tax due for 2024 (line 1 multiplied by tax rate on line 3). Round this amount to the
    nearest dollar and fill in on line 11b of Form 2  ................................................           $

                                           Sales and Use Tax Rate Chart
In Milwaukee County the county tax rate was 0.9% for 2024.
In all other Wisconsin counties except those shown below, the county tax rate was 0.5% for all of 2024.
If storage, use, or consumption in 2024 was in one of the following counties, there was no county tax:
       Manitowoc               Winnebago             Racine                         Waukesha

Note  If no amount is included on line 11b, place a checkmark in the space provided to certify the estate or trust did not owe any sales 
or use tax. Only returns certified as “no use tax due” will be recognized as filing a sales/use tax return.

Line 11c. Penalty on Underpayment of Tax from Inconsistent Estate Basis Reporting An inconsistent estate basis reporting 
occurs if the property basis claimed on a Wisconsin tax return exceeds the property basis determined for federal estate tax purposes. 
The penalty is equal to 20% of the portion of any underpayment of taxes due to the inconsistent estate basis reporting.

Line 12. Wisconsin Tax Withheld Enter the estate’s or trust’s share of Wisconsin tax withheld by a pass-through entity, as reported 
on the Schedule 2K-1, 3K-1, or 5K-1 received from the pass-through entity. Include a copy of this Schedule 2K-1, 3K-1, or 5K-1 with 
the Form 2 that is filed with the department. Include on line 12 only the share of withholding that is attributable to income the estate or 
trust has reported on Form 2. The share of withholding attributable to income passed through by the estate or trust to its beneficiaries 
is reported on line 15j of Schedule 2K-1, as reported on Form PW-1.

Caution An estate or trust may not claim Wisconsin withholding from a partnership or tax-option (S) corporation if the partnership or 
corporation elected to be taxed at the entity level and claimed a refund of the pass-through withholding or submitted a written request 
to apply the pass-through withholding against the tax liability at the entity level.

Also enter on line 12 Wisconsin tax withheld on salary, wages, or retirement benefits received by the personal representative or 
petitioner on income in respect of the decedent. Include a copy of the wage statement (Form W-2) or retirement benefit statement 
(Form 1099-R) with the Form 2 that is filed with the department.

Line 13. 2024 Wisconsin Estimated Payments and Amount Applied From 2023 Return Enter the total of (1) any overpayment of 
2023 income tax that the estate or trust was allowed as a credit on its 2024 Wisconsin estimated tax, (2) any Wisconsin estimated tax 
payments made by the estate or trust for 2024, and (3) advance payments or any payments filed with an extension.

Line 14. Farmland Preservation Credit A credit may be claimed by certain estates and trusts based on Wisconsin farmland which 
is subject to agricultural use restrictions in the form of a zoning ordinance or a farmland preservation agreement. Fill in on line 14a of 
Form 2 the amount from line 17 of Schedule FC. Fill in on line 14b of Form 2 the amount from line 13 of Schedule FC-A.

For more information about farmland preservation credit, contact our Farmland Preservation Unit in Madison at (608) 266-2442. 
Schedules FC and FC-A are available on the department’s website, revenue.wi.gov.

Line 15. Refundable Credits If you are claiming any of the credits listed below, you must complete Schedule CR. Include Schedule CR, 
along with the appropriate schedule for the credit(s) you are claiming and any required approval or certification from the 
Department of Agriculture, Trade and Consumer Protection (DATCP), or the Wisconsin Economic Development Corporation 
(WEDC), with Form 2. Fill in the amount from line 40 of Schedule CR on line 15. Note  include any refundable credits related to the 
tax-option (S) corporation portion of an electing small business trust on line 15 of Form 2, instead of line 22 of Schedule ESBT.

• Schedule EC – Enterprise Zone Jobs Credit The enterprise zone jobs credit is available to estates and trusts doing business in an 
  enterprise zone. The WEDC must certify the business as eligible for the credit and determine the amount of credit. See Schedule EC.
                                                          - 10 -

• Schedule BD – Business Development Credit The credit is available based on wages paid to an eligible employee, training costs, 
  and personal and real property investment. The credit is available to taxpayers who are certified by the WEDC. See Schedule BD.
• Schedule R – 25% Refundable Portion of Research Credit The research expense credit may be passed through to an estate or 
  trust from a partnership, limited liability company, or tax-option (S) corporation. Complete Schedule R.
• Schedule EIT – Electronics and Information Technology Manufacturing Zone Credit         The credit is based on payroll and capital 
  expenditures in the zone. The credit is available to taxpayers who are certified by the WEDC. See Schedule CR.
  Note  No interest is paid on refunds issued for the enterprise zone jobs credit, business development credit, or electronics and 
  information technology manufacturing zone credit.

Line 16. Amount Paid With Original Return (Amended Return Only) Enter the amount of tax paid with the original Form 2 plus 
any additional amount of tax paid after it was filed.

Line 18. Refund From Original Return Less Amount Applied to 2025 Estimated Tax (Amended Return Only) Enter the refund 
from the original Form 2 plus any additional refunds received after it was filed less the amount applied to 2025 estimated tax.

Line 20. Amount Overpaid If line 19 is larger than line 11d, complete line 20 to determine the amount overpaid.
Note  If estimated tax payments were required to be made and were not made in a timely manner, see Schedule U to determine if 
underpayment interest is owed. If underpayment interest is owed and an overpayment is shown on line 20, reduce the amount on 
line 20 by the amount of underpayment interest on line 24.

Line 21. Refund Fill in on line 21 the amount from line 20 that you want refunded to you.

Line 22. Amount Applied to 2025 Estimated Tax         Fill in on line 22 the amount, if any, of the overpayment on line 20 you want ap-
plied to your 2025 estimated tax.
Note An election to apply a refund to estimated tax may be changed to:
• Request payment of the refund,
• Credit the refund against an amended return tax liability for any year, or
• Credit the refund against a notice of amount due for any year.

The notification of a change in election must occur on or before the due date of the final estimated tax installment payment (the 15th 
day of the 1st month following the end of the taxable year). For example, January 16, 2024, was the due date for a calendar-year filer 
changing an election to apply a refund from a 2022 return to 2023 estimated tax payments.

Notification of a change in election must be in writing. This includes the filing of an amended return or sending an email, fax, or letter 
to:
• DOREstateandFiduciary@wisconsin.gov
• Fax: (608) 267-0834
• Wisconsin Department of Revenue
  Mail Stop 5-144
  PO Box 8906
  Madison WI 53708-8906

Line 24. Underpayment Interest If estimated payments were required to be made and were not made in a timely manner, see 
Schedule U to determine if underpayment interest is owed. If you are due a refund, subtract the underpayment interest from the 
overpayment shown on line 20 and adjust lines 21 and 22 if necessary. Include Schedule U with your Wisconsin Form 2.
Note  Fill in the exception code in the box to the left of line 24 if certain exceptions to underpayment interest apply to you, you are 
enclosing an application for a waiver of underpayment interest, or are using the annualized income installment method (Part IV of 
Schedule U) to compute underpayment interest. See the instructions for Schedule U for the exception code to use.

Line 25. Amount Due If the amount you underpaid with your return is $500 or more or you made late estimated tax payments, you may
also owe what is called “underpayment interest.” This is an interest charge that applies when you have not prepaid enough of your tax 
through withholding and/or estimated tax payments. See Schedule U instructions to see if you owe underpayment interest.

For more information on submitting a payment, visit the department’s Make a Payment web page under “Make a Payment - Individuals 
and Fiduciaries.”

                                                                - 11 -

                                              Special Instructions

A. Third Party Designee
If you want to allow a tax preparer or tax preparation firm, family member, friend, or any other person you choose to discuss your 
2024 tax return with the department, check “Yes” in the “Third Party Designee” area of your return. Also, fill in the designee’s name, 
phone number, and any five digits the designee chooses as their personal identification number (PIN).

If you check “Yes,” you are authorizing the department to discuss with the designee any questions that may arise during the processing 
of your return. You are also authorizing the designee to:
• Give the department any information missing from your return,
• Call the department for information about the processing of your return or the status of your refund or payment(s), and
• Respond to certain department notices about math errors, offsets, and return preparation.

You are not authorizing the designee to receive any refund check, bind you to anything (including any additional tax liability), or 
otherwise represent you before the department. If you want to expand the designee’s authorization, you must submit Form A-222, 
Power of Attorney.
The authorization will automatically end no later than the due date (without regard to extensions) for filing your 2025 tax return.

B. Pass-Through Entity Representative
A pass-through entity representative is defined in sec. 71.80(26), Wis. Stats. An estate or trust treated as a pass-through entity for 
federal income tax purposes must designate a pass-through member or other person with substantial presence in the United States as 
the representative of the estate or trust. Enter the pass-through entity representative’s information on the appropriate lines of Form 2.

If the pass-through entity representative is an individual, enter the individual’s full name in the “Representative’s Name” box and leave 
the “Contact’s Name” box blank.

If the pass-through entity representative is a firm or entity, enter the firm’s or entity’s name in the “Representative’s Name” box and 
enter the name of the individual who is the primary contact for the firm or entity in the “Contact’s Name” box.

A pass-through entity representative has the following powers and duties:
• Act as the sole authority on behalf of the pass-through entity and its pass-through members with respect to a determination under 
 sec. 71.745, Wis. Stats.
• Provide the department sufficient information to identify each pass-through member and the capital, profit, and loss interest of each 
 pass-through member.
• Enter into extension agreements for statute of limitations.
• Receive notices.
• Notify all pass-through members of their share of corrections and adjustments made to pass-through items within 60 days after a 
 determination under sec. 71.745, Wis. Stats., becomes final.
• File an appeal of a notice of determination.
• Enter into settlement agreements and bind pass-through members to adjustments relating to pass-through items.

Note A pass-through entity representative has specific authorities with respect to audit determinations under sec. 71.745, Wis. Stats., 
that are not otherwise authorized for a Power of Attorney. However, a Power of Attorney may be appointed as a  pass-through entity 
representative under sec. 71.80(26), Wis. Stats., or a pass-through entity representative may delegate the powers and duties in sec. 
71.80(26)(b), Wis. Stats., to a Power of Attorney as provided under sec. 71.80(26)(c), Wis. Stats.

For additional information on the different authorities between a pass-through entity representative and a Power of Attorney, please 
visit the department’s common question number 19 at https://www.revenue.wi.gov/Pages/FAQS/ise-pte-audit.aspx.

Note An estate or trust may at any time provide a written statement to the department appointing or revoking a pass-through entity 
representative. The statement must be signed by an authorized agent of the estate or trust and include the same information as 
requested on Form PT-R,   Pass-Through Entity Representative. The department recommends using the  Wisconsin Form PT-R to 
appoint or revoke a pass-through entity representative.

The department will treat the most recently appointed pass-through entity representative as the acting representative under sec. 
71.80(26), Wis. Stats.

C.  Penalties and Interest
Any 2024 Form 2 which is not filed by the due date or within the extension period is subject to a late filing fee of $50. The late fee is 
assessed even if there is no tax due. The interest rate on delinquent taxes is 18% per year.

                                                             - 12 -

D.  Fraudulent or Reckless Credit Claims
If an estate or trust files an improper claim for any refundable credit due to reckless or intentional disregard, the estate or trust will 
not be allowed to file for a refundable credit for the following 2 claim years. If an estate or trust files a false or excessive claim for any 
refundable credit with fraudulent intent, the estate or trust will not be allowed to file for a refundable credit for the following 10 claim 
years. Penalties may also be imposed.

E.  Internal Revenue Service Adjustments and Amended Returns
If a federal fiduciary return is adjusted by the Internal Revenue Service (IRS) and the adjustments affect the amount of Wisconsin 
income reportable, any credit, or tax payable on Form 2, report the adjustments to the department within 180 days from the date the 
adjustments become final. If an amended fiduciary return is filed with the IRS or another state and the changes affect the amount of 
income reportable, any credit, or tax payable on Form 2, file an amended Wisconsin fiduciary return reflecting these changes. The 
amended Wisconsin return is due within 180 days from the date the amended return is filed with the IRS or another state.

If you are filing an amended return, place a checkmark in the designated area below the name and address area of Form 2. Prepare 
the return using the corrected amounts. Complete line 16 or 18 as appropriate. Include a copy of any IRS audit report or federal 
amended return. Also include Schedule AR, Explanation of Amended Return, to explain why the amended return was necessary and 
what changes were made. If you have already received a Closing Certificate for Fiduciaries, you do not need to request another one 
unless the court requires it.

F.  Estimated Tax Payments
If the 2025 Wisconsin income tax return of an estate or trust will show a balance due to the department of $500 or more, you must 
make estimated tax payments using Wisconsin Form 1-ES. Estimated tax payments are due four times during the taxable year.

For more information on submitting a payment, visit the department’s Make a Payment web page under “Make a Payment - Individuals 
and Fiduciaries.”

Estates and trusts filing Form 2: If your return is filed on a calendar-year basis, 2025 estimated tax payments are due on or before 
April 15, 2025, June 16, 2025, September 15, 2025, and January 15, 2026. If your return is filed on a fiscal-year basis, your due dates 
are the 15th day of the 4th, 6th, and 9th months of your current fiscal year, and the 1st month of the following fiscal year. If any due 
date falls on a Saturday, Sunday, or legal holiday, use the next business day.

Trusts filing Form 4T: If your return is filed on a calendar-year basis, 2025 estimated tax payments are due on or before May 15 (April 
15 for exempt employees’ trusts, IRAs and MSAs), June 16, September 15, and December 15 of 2025. If your return is filed on a 
fiscal-year basis, your due dates are the 15th day of the 5th (4th for exempt employees’ trusts, IRAs and MSAs), 6th, 9th, and 12th 
months of your fiscal year. If any due date falls on a Saturday, Sunday, or legal holiday, use the next business day.

Exception Estates and grantor trusts which are funded on account of a decedent’s death are exempt from making estimated tax 
payments for tax years ending within two years after the date of death.

G. Requesting Copies of Returns
The department will provide copies of prior year Wisconsin returns. There will be a fee for each return requested, which is required to 
be prepaid. Requests must be made in person or in writing. You must provide a copy of the domiciliary letters or letters of trust and 
the trust instrument. If you want certified copies, there is an additional charge for each certification. Call (608) 266-2890 for more 
information.

                             Schedule A Instructions – Additions and Subtractions

Note  Nonresident and part-year resident estates and trusts may not use Schedule A. They must instead use the following additions 
and subtractions to complete Part I of Schedule NR. Schedule 2M must also be completed and included if any of the other additions 
or subtractions described in these instructions are used.

Certain additions and subtractions must be made to federal taxable income in order to arrive at Wisconsin taxable income. Additions 
and subtractions are described in detail below.

Enter in column 1, Distributable Income, the additions or subtractions that relate to items of income or deductions which affect the 
computation of the distributable net income for the taxable year. Enter in column 2, Nondistributable Income, any of the additions or 
subtractions that affect nondistributable income taxable to the fiduciary.

 Additions
Line 1. Adjustments to Convert 2024 Federal Taxable Income to the Amount Allowable for Wisconsin (see Schedule B Instruc-
tions later in these instructions).

Line 2. Interest (Less Related Expenses) on State and Municipal Obligations Enter in the appropriate column the amount of 
interest on state, municipal, and other obligations which was excluded from federal taxable income. (If you were required for federal 
                                                         - 13 -

purposes to allocate expenses to this income, reduce the amount to be filled in by such expenses.) (Exception Interest which is by 
federal or Wisconsin law exempt from Wisconsin taxation should not be entered on line 2.) Interest income which is exempt for both 
federal and Wisconsin tax purposes includes interest from:
 (1)  Public housing authority or community development authority bonds issued by municipalities located in Wisconsin.
 (2)  Wisconsin Housing Finance Authority bonds
 (3)  Wisconsin municipal redevelopment authority bonds
 (4)  Wisconsin Housing and Economic Development Authority bonds issued on or after December 11, 2003, to fund multifamily 
 affordable housing projects or elderly housing projects.
 (5)  Wisconsin Housing and Economic Development Authority bonds issued before January 29, 1987, except business development 
 revenue bonds, economic development revenue bonds, and CHAP housing revenue bonds.
 (6)  Public housing agency bonds issued before January 29, 1987, by agencies located outside Wisconsin where the interest therefrom 
 qualifies for exemption from federal taxation for a reason other than or in addition to sec. 103, IRC.
 (7)  Local exposition district bonds
 (8)  Wisconsin professional baseball park district bonds
 (9)  Bonds issued by the Government of Puerto Rico, Guam, the Virgin Islands, Northern Mariana Islands, or, for bonds issued after 
 October 16, 2004, the Government of American Samoa.
(10)  Local cultural arts district bonds
(11)  Wisconsin professional football stadium bonds
(12)  Wisconsin Aerospace Authority bonds
(13)  Bonds issued on or after October 27, 2007, by the Wisconsin Health and Education Facilities Authority to fund acquisition of 
 information technology hardware or software.
(14)  Certain conduit revenue bonds issued by a commission created under sec. 66.0304, Wis. Stats. A listing of the conduit revenue 
 bonds issued and the tax-exempt status is available on the department’s website at revenue.wi.gov.
(15)  Wisconsin Housing and Economic Development Authority bonds or notes issued to provide loans to a public affairs network under 
 sec. 234.75, Wis. Stats.
(16)  Wisconsin Health and Educational Facilities Authority bonds or notes if issued for the benefit of a person who is eligible to 
 receive the proceeds of bonds or notes from another entity for the same purpose for which the bonds or notes are issued under 
 sec. 231.03(6), Wis. Stats., and the interest income received from the other bonds or notes is exempt from Wisconsin taxation.
(17)  Bonds or notes issued by a sponsoring municipality borrowing to assist a local exposition district created under subch. II ch. 229, 
 Wis. Stats.
(18)  Wisconsin Housing Economic Development Authority bonds issued under sec. 234.65, Wis. Stats., to fund an economic 
 development loan to finance construction, renovation, or development of property that would be exempt under sec. 70.11(36), 
 Wis. Stats.
(19)  The Wisconsin Health and Educational Facilities Authority under sec. 231.03(6), Wis. Stats., if the bonds or notes are issued 
 in an amount totaling $35,000,000 or less, and to the extent interest income received is not otherwise exempt from Wisconsin 
 taxation.

Interest from these sources is exempt from Wisconsin income tax whether received by a direct owner of these securities or by a 
shareholder in a mutual fund which invests in these securities.

If a charitable deduction is claimed, reduce the amount of interest added back by the amount of the state municipal interest which is 
used or set aside for charitable purposes
.
Line 3. Taxes  Enter the amount of taxes deducted from federal taxable income on line 11, Form 1041. This amount must be allocated 
between distributable and nondistributable income based on tax benefit.

Line 4. Capital Gain/Loss Adjustment  If federal taxable income includes capital gains and/or losses, complete Wisconsin Sched-
ule 2WD to determine if an adjustment must be made to arrive at Wisconsin income. If assets sold during 2024 had a different basis 
for federal than for Wisconsin purposes, see Schedule C Instructions and item b under Additions To or Subtractions From Income 
later in these instructions.

If an estate or trust is a partner or shareholder in a partnership or tax-option (S) corporation that elects to be taxed at the entity level, 
the estate or trust must only report the portion of the electing partnership’s or tax-option (S) corporation’s capital gains or losses dis-
tributable to the beneficiaries on Schedule 2WD, do not include the estate’s or trust’s nondistributable portion. The nondistributable 
amount will be adjusted in Part IV of Schedule 2WD as an addition or subtraction modification on line 4 or 9 of Schedule A, Form 2.

Line 5. Other Additions  Enter any other amount subject to Wisconsin taxation that has been excluded or deducted in the computation 
of federal taxable income or distributable net income.
 
                                                               - 14 -

For amounts entered in column 1, include a schedule with a computation or explanation.    Caution If a resident estate or trust is a 
partner or shareholder in a partnership or tax-option (S) corporation that elects to be taxed at the entity level, do not reverse out 
any of the Schedule 3K-1 or  5K-1 items that the estate or trust is treating as distributable to the beneficiaries. These items must be 
included on Schedule 2K-1 with a supplemental statement detailing the items included on the Schedule 2K-1 that originated from the 
electing partnership or tax-option (S) corporation. Nonresident and part-year resident estates and trusts must complete Schedule NR.

Note  Charitable contributions reported on a Schedule 5K-1 from an electing tax-option (S) corporation are not deductible and must 
be added back to income if deducted on the estate’s or trust’s federal tax return.

Except for charitable contributions that would otherwise be allowed as a deduction for a fiduciary as provided in sec. 642, IRC, 
charitable contributions reported on a Schedule 3K-1 from an electing partnership are not deductible and must be added back to 
income if deducted on the estate’s or trust’s federal tax return.

If an estate or trust is a partner or shareholder in a partnership or tax-option (S) corporation that elects to be taxed at the entity level, 
use line 17 of Schedule 2M to reverse the estate’s or trust’s nondistributable items of income, gain, loss, or deduction included on 
the estate’s or trust’s Wisconsin Schedule 3K-1 or 5K-1 for which the partnership or tax-option (S) corporation is including on their 
partnership or corporate income tax return.

Exception Do not include the amount of the estate’s or trust’s nondistributable capital gain or loss from an electing partnership or 
tax-option (S) corporation when computing the modification on Schedule 2M. Nonresident and part-year resident estates and trusts 
must complete Schedule NR, see the Schedule NR instructions for more information.

For amounts entered in column 2, complete and include Schedule 2M. Examples are:
a. Federal net operating loss carryover.
b. Lump-sum distribution. If you reported lump-sum distribution income on federal Form 4972, you must also include the distribu-
   tion in Wisconsin income. Fill in on Schedule A, line 5 the amount of lump-sum distribution income which is reported on line 10 of 
   Form 4972 plus any capital gain reported on line 6 of Form 4972. You may reduce this amount by any federal estate tax on line 18 
   of Form 4972.
   Note No portion of a lump-sum distribution may be reported as a capital gain on a Wisconsin Schedule 2WD.

c. Transitional adjustments. These are adjustments required by the Wisconsin Statutes to account for differences between federal 
   basis and Wisconsin basis of changing basis assets (those subject to depreciation or amortization). Include a schedule showing 
   the computation of each transitional adjustment made.
   Note  Adjustments are required for the difference between the Wisconsin adjusted basis and the federal adjusted basis of depreciated 
   and amortized property on the last day of your taxable year beginning in 2013. As a result of these adjustments, the federal and 
   Wisconsin bases of such property are equal as of the first day of the tax year beginning in 2014.

d. Excess distribution from a passive foreign investment company.       Fill in the amount of excess distribution from a passive foreign 
   investment company which has not been included in federal taxable income (see federal Form 8621 or 8621-A).

e. Addition for computed credits. If you claimed any of the credits listed below, you must include on line 5 the amount of your 
   credit computed for 2024. The amount of your credit is income and must be reported on Form 2. This is true even if you cannot 
   take the full credit this year and must carry part of it forward or if the credit is refundable. Note  Do not include on line 5 any credit 
   passed through to you from a partnership, limited liability company, or tax-option (S) corporation. This will be accounted for when 
   you make the adjustments described in paragraph a under “ADDITIONS TO OR SUBTRACTIONS FROM INCOME” later in these 
   instructions.

   List each credit separately on line 5. Include the following credits computed for 2024:
   • Development Zone Credit
   • Enterprise Zone Jobs Credit
   • Economic Development Tax Credit
   • Capital Investment Credit
   • Community Rehabilitation Program Credit
   • Business Development Credit
   • Electronics and Information Technology Manufacturing Zone Credit
   • Manufacturing and Agriculture Credit (see Exception below)
   Exception  The amount of manufacturing and/or agriculture credit computed for 2023 must be added to income on your 2024 
   Wisconsin income tax return.

f. Expenses paid to related entities. Fill in the amount deducted or excluded from federal taxable income for interest, rental expenses, 
   intangible expenses, and management fees paid, accrued, or incurred to a related entity (person or business entity). You must 

                                                                 - 15 -

   make this addition even though you may be eligible for a deduction for these expenses. If you are eligible for a deduction, you may 
   then make a subtraction for the amount that qualifies, see “Expenses paid to related entities” under “Line 11. Other Subtractions,” 
   later in these instructions.

g. ABLE accounts  The owner (beneficiary) of a qualified ABLE account must include in income any amount withdrawn from a 
   qualified ABLE account for any reason other than the payment of qualified disability expenses for the account beneficiary. Also, 
   upon termination of an account, an addition to income is provided for any amount in the account that is returned to an account 
   owner’s estate.

 Subtractions
Line 7. Adjustments to Convert 2024 Federal Taxable Income to the Amount Allowable for Wisconsin (see Schedule B Instruc-
tions later in these instructions).

Line 8. Interest (Less Related Expenses) on Obligations of the United States Enter in the appropriate column the net amount of 
interest and dividends on obligations and certain securities of the United States, which are by federal law exempt from taxation by states. 
To arrive at the net amount, you must reduce the total U.S. interest by the proportionate share of deductions claimed on Form 1041.

An ordinary dividend received from a mutual fund which invests in U.S. government securities may be partially or completely nontaxable 
for Wisconsin tax purposes. If information received from a mutual fund advises that any portion of a distribution is from investments 
in U.S. government securities, that portion of the distribution may be included as U.S. government interest on line 8.

Caution Do not fill in on line 8 interest from Ginnie Mae (Government National Mortgage Association) securities and other similar 
securities which are “guaranteed” by the U.S. government.

If a charitable deduction is claimed, reduce the amount of U.S. interest subtracted by the amount of U.S. interest included in the 
charitable deduction on federal Form 1041.

Line  9.  Capital  Gain/Loss  Adjustment  If  federal  taxable  income  includes  capital  gains  and/or  losses,  complete  Wisconsin 
Schedule 2WD to determine if an adjustment must be made to arrive at Wisconsin taxable income. For example, an adjustment may 
be required because Wisconsin law allows a capital gain exclusion for assets held more than one year.
 
If an estate or trust is a partner or shareholder of an electing partnership or tax-option (S) corporation, the estate or trust must only 
report the portion of the electing partnership’s or tax-option (S) corporation’s capital gains or losses distributable to the beneficiaries 
on Schedule 2WD, do not include the estate’s or trust’s nondistributable portion. The nondistributable amount will be adjusted in Part 
IV of Schedule 2WD as an addition or subtraction modification on line 4 or 9 of Schedule A, Form 2.

Line 10. Refunds of State and Local Taxes  Enter refunds of state and local income taxes included in income on federal Form 1041.

Line 11. Other Subtractions     Enter on this line any amount which is deductible or exempt from taxation by Wisconsin law and which 
has been included in the computation of federal taxable income.
 
For amounts entered in column 1, include a schedule with a computation or explanation.   Caution If a resident estate or trust is a 
partner or shareholder in a partnership or tax-option (S) corporation that elects to be taxed at the entity level, do not reverse out the 
Schedule 3K-1 or 5K-1 items that the estate or trust is treating as distributable to the beneficiaries. These items must be included on 
Schedule 2K-1 with a supplemental statement detailing the items included on the Schedule 2K-1 that originated from a partnership 
or  tax-option (S) corporation making the election to pay tax at the entity level. Nonresident and part-year resident estates and trusts 
must complete Schedule NR, see the Schedule NR instructions for more information.

If an estate or trust is a partner or shareholder in a partnership or tax-option (S) corporation that elects to be taxed at the entity level, 
use line 32 of Schedule 2M to reverse the estate’s or trust’s nondistributable items of income, gain, loss, or deduction included on 
the estate’s or trust’s Wisconsin Schedule 3K-1 or 5K-1 for which the partnership or tax-option (S) corporation is including on their 
income tax return.

Exception Do not include the amount of the estate’s or trust’s nondistributable capital gain or loss from an electing partnership  or 
tax-option (S) corporation when computing the modification on Schedule 2M. Nonresident and part-year resident estates and trusts 
must complete Schedule NR, see the Schedule NR instructions for more information.

For amounts entered in column 2, complete and include Schedule 2M. Examples are:
a. Retirement funds. You may subtract payments received from certain retirement funds that are exempt from Wisconsin taxation to 
   the extent included in federal income. However, payments received from a tax-sheltered annuity deposit in such retirement systems 
   are taxable. (See instructions for Wisconsin Schedule SB, Form 1 - Subtractions from Income.)

b. Wisconsin NOL. If you had a Wisconsin net operating loss (NOL) in an earlier year to carry forward to 2024, include the allow-
   able amount on Schedule A. Include Schedule NOL1, NOL2, or NOL3, as applicable. See the instructions for these schedules and 
                                                             - 16 -

   Publication 120, Net Operating Losses for Individuals, Estates, and Trusts, for details on computing the NOL and the allowable 
   deduction. Publication 120 is available on the department’s website, revenue.wi.gov.

c. Relocation assistance. Relocation assistance payments received subject to the provisions set forth in section 32.19, Wisconsin 
   Statutes.

d. Transitional adjustments. See Item c. for line 5, Schedule A instructions earlier. Include schedule.

e. Farm loss carryover. See instructions for Wisconsin Schedule SB, Form 1 - Subtractions from Income, for further details.

f. Certain military pay. Military pay that is included on a W-2 for a member of the Reserves or National Guard who served on active 
   duty may be subtracted if the pay was:
   •  Received from the federal government,
   •  Received after being called into active federal service or into special state service authorized by the federal Department of 
     Defense, and
   •  Paid for a period of time during which the member was on active duty and called into active federal service or special state 
     service.
   Caution The subtraction only applies to members of the Reserves or National Guard who are called into active federal service 
   under 10 USC 12302(a), 10 USC 12304, or 10 USC 12304b, or special state service under 32 USC 502(f). It does not apply to pay 
   that members of the Reserves and National Guard receive for their weekend or two-week annual training. It also does not apply to 
   a person who is serving on active duty or full-time duty in the active guard reserve (AGR) program. However, persons in the AGR 
   program may qualify for a subtraction under item g., for U.S. Armed Forces Active Duty Pay.
   Note Copies of military orders and leave and earning statements are not required to be included with the Wisconsin return; however, 
   including a copy of these documents may speed up the processing of the return.

g.   U.S. Armed Forces Active Duty Pay. A subtraction is allowed for the amount of basic, special, or inventive pay as defined in 37 
   USC Chapters 3 and 5 if the following are met:
   •  Received from the federal government, and
    •  Received by an individual for active duty in the U.S. armed forces as defined in 26 USC 7701(a)(15).
   Caution Do not include the following amounts in the subtraction:
   •  Amount subtracted under “certain military pay” in item f., above.
   •  Basic pay for inactive duty training.
   •  Basic housing allowance, or any other nontaxable income reported on your leave and earnings statement.
   Note you are not required to send a copy of your leave and earnings statements; however, including copies with your Wisconsin 
   return, and a worksheet showing how you calculated the amount of your subtraction, may speed up the processing of your return.

   For additional information, see Publication 128, Wisconsin Tax Information for Military Personnel and Veterans, available on the 
   department’s website, revenue.wi.gov.

h. Expenses paid to related entities. Were you required to add interest, rental expenses, intangible expenses, or management 
   fees paid to a related entity to income? If yes, see Schedule RT to find out if you qualify for a subtraction. Although you must meet 
   one of the conditions in Schedule RT, Part II to qualify for a subtraction, you do not need to include Schedule RT with your return 
   unless your total expenses paid, accrued, or incurred to related entities are $100,000 or more. If enclosing Schedule RT, also fill 
   in “16” in the Special Conditions box on page 1 of Form 2.

i. ABLE accounts A subtraction may be claimed for the amount contributed to a qualified ABLE (Achieving a Better Life Experience) 
   account during the year. The owner (beneficiary) of an ABLE account must be a disabled person. Distributions from the account 
   must be used to pay the qualified disability expenses of the disabled person. The total maximum subtraction that may be claimed 
   by all contributors to the account for 2024 is $18,000. The subtraction does not apply to rollovers or transfers from another account.

   Caution An ABLE account must refund any contributions it receives after reaching the maximum contribution limits for the taxable 
   year. Such refunds must be made by the due date (including extensions) for the federal income tax return of the designated 
   beneficiary for the taxable year in which the excess contribution was made. Your subtraction is limited to the amount contributed 
   during 2024 less any amounts later refunded to you, excluding any portion of the refund that is considered earnings.

  See instructions for Wisconsin Schedule SB, Form 1 - Subtractions from Income, for further details.

j. AmeriCorps Education Awards. If you received an AmeriCorps education award in 2024 to pay for your qualified student loans 
   or educational expenses or to participate in approved school-to-work programs, you may subtract the amount that was included in 
   federal adjusted gross income.
                                                             - 17 -

k. Investment in a Wisconsin Qualified Opportunity Fund (QOF). If a trust receives a Schedule 5K-1 from a tax-option (S) corporation 
   with a “Wisconsin QOF subtraction” on Schedule 5K-1, Part IV, Line 19, and the trust is an electing small business trusts (ESBT), 
   report the “Wisconsin QOF subtraction” on line 16 of schedule ESBT.

 Other Additions to or Subtractions from Income
The following items may be either an addition to or a subtraction from federal taxable income, depending on your situation. Fill in any 
additions on Schedule 2M, Part I, lines 17 and 18, and any subtractions on Part II, lines 32 and 33.

a.  If an estate or trust is a partner or shareholder in a partnership or tax-option (S) corporation that elects to be taxed at the entity 
   level, use line 17 or 32 of Schedule 2M to reverse the estate’s or trust’s nondistributable items of income, gain, loss, or deduc-
   tion included on the estate’s or trust’s Wisconsin Schedule 3K-1 or 5K-1 for which the partnership or tax-option (S) corporation is 
   including on their partnership or corporate income tax return.

   Exceptions
   •  Do not include the amount of the estate’s or trust’s nondistributable capital gain or loss from an electing partnership or tax-option 
   (S) corporation when computing the modification on Schedule 2M.
   •  Nonresident and part-year resident estates and trusts must complete Schedule NR, see the Schedule NR instructions for more 
   information.

b.  Distributive share of net modifications of a partnership, limited liability company, or tax-option (S) corporation if it increases or 
   reduces the income of the partnership, limited liability company, or corporation. If the estate or trust is a shareholder of a federal 
   S corporation that elects not to be treated as a Wisconsin tax-option (S) corporation, all items of S corporation income, loss, or 
   deduction included on the federal return must be reversed.

   Caution Do not reverse any item of S corporation income or loss reported on federal Schedule D. These items are removed from 
   Wisconsin income when Wisconsin Schedule 2WD is completed.

c.  Adjustment for ordinary gain or loss for assets reported on federal Form 4797. If you reported sales (or other dispositions) of assets 
   on federal Form 4797 and there was a difference between the federal basis and the Wisconsin basis of an asset acquired on or 
   after the first day of your taxable year beginning in 2014, follow the three steps below to figure the adjustment.

STEP 1: Recompute federal Form 4797, Sales of Business Property.
•  For assets the estate or trust sold or otherwise disposed of, use the Wisconsin basis instead of the federal basis when recomputing 
 Form 4797.
•  For those assets disposed of by a partnership, limited liability company, tax-option (S) corporation, or other estate or trust, from 
 which the estate or trust received a distribution, use the Wisconsin gain or loss instead of the federal gain or loss when recomputing 
 Form 4797.
Note  The Wisconsin gain or loss can be found on line 10a of Wisconsin Schedule 3K-1 or line 9a of Wisconsin Schedule 5K-1

Label this recomputed Form 4797 “Wisconsin.” Include the “Wisconsin” Form 4797 with Form 2.

STEP 2: If a net long-term capital gain was entered on the “Wisconsin” Form 4797, the amounts from the “Wisconsin” Form 4797 must 
be used to complete line 12 of Wisconsin Schedule 2WD.

STEP 3: Complete the Adjustment Worksheet below if Part II was completed on either the federal or “Wisconsin” Form 4797.
•  If you have an ordinary gain for both federal and Wisconsin purposes, fill in lines a and b of the worksheet. Also fill in line c or line 
 d, whichever applies.
•  If you have an ordinary loss for both federal and Wisconsin purposes, fill in lines e and f of the worksheet. Also fill in line g or h, 
 whichever applies.
•  If you have an ordinary gain for federal purposes, but not for Wisconsin purposes, fill in lines a, b, e, and f of the worksheet. Also fill in 
 line d and line g. Add the amounts on lines d and g and fill in the result on line 11 of Schedule A, page 4 Form 2. 
•  If you have an ordinary loss for federal purposes, but not for Wisconsin purposes, fill in lines a, b, e, and f of the worksheet. Also fill in 
 line c and line h. Add the amounts on lines c and h and fill in the result on line 5 of Schedule A, page 4, Form 2.

                                                             - 18 -

                                     Adjustment Worksheet
                                                                                                Distributable Non-distributable
A  Fill in net ordinary gain from federal Form 4797 (if line is blank, fill in zero (0))  .....
B  Fill in net ordinary gain from “Wisconsin” Form 4797 (if line is blank, fill in zero (0))  .
C  If line b is more than line a, subtract line a from line b. Fill in the result here and
  on line 5 of Schedule A, page 4, Form 2   ..................................
D  If line b is less than line a, subtract line b from line a. Fill in the result here and
  on line 11 of Schedule A, page 4, Form 2   .................................
E  Fill in net ordinary loss from federal Form 4797 (if line is blank, fill in zero (0))   .....
F  Fill in net ordinary loss from “Wisconsin” Form 4797 (if line is blank, fill in zero (0))  .
G  If line f is more than line e, subtract line e from line f. Fill in the result here and
  on line 11 of Schedule A, page 4, Form 2   .................................
H  If line f is less than line e, subtract line f from line e. Fill in the result here and
  on line 5 of Schedule A, page 4, Form 2   ..................................

         Schedule B Instructions – Conformity with Internal Revenue Code

Important The computation of taxable income on the 2024 Wisconsin fiduciary income tax return is based on the provisions of federal 
law amended to December 31, 2022, with certain exceptions.
A list of some provisions of federal law that may affect Form 2 for 2024 can be found in the instructions for Wisconsin Form 3, Wis-
consin Partnership Return, under the Conformity with Internal Revenue Code and Exceptions section.
If any provision of federal law which does not apply for Wisconsin purposes affects your federal taxable income, include a schedule 
with your Form 2. State the nature of the adjustment and a complete explanation. Enter the total amount on line 1 of Schedule B.

         Schedule C Instructions – Adjustments to Capital Gains/Losses

Complete Schedule C to adjust capital gains and losses if capital assets sold or otherwise disposed of in 2024 had a different basis for 
Wisconsin than for federal income tax purposes. The most common reason for a difference in basis is the use of the alternate value 
for federal estate tax purposes while date of death value is required to be used for Wisconsin inheritance tax purposes for deaths prior 
to January 1, 1992. For deaths after December 31, 1991, if the alternate value is used for federal estate tax purposes, the alternate 
value would also be used for Wisconsin estate tax purposes.
To figure the adjustment, first determine the holding period for each capital asset which had a different basis for federal and Wisconsin 
purposes. Property acquired by a decedent’s estate from the decedent is considered to be held more than one year. (Do not list assets 
reported on federal Form 4797, such as depreciable property used in a trade or business, on Schedule C. Resident estates and trusts, 
see “Adjustment for ordinary gain or loss for assets reported on federal Form 4797,” item b under Additions To or Subtractions From 
Income earlier in of these instructions. Part-year and nonresident estates and trusts, see the instructions for line 7, Part I of Schedule NR.)
For capital assets held one year or less, fill in line 1 of Schedule C. If the Wisconsin adjusted basis is more than the federal adjusted 
basis, fill in a negative number in the difference column (column C). Combine the amounts in column C and fill in the result on line 2 
of Schedule C and on line 6 of Wisconsin Schedule 2WD. Enter a negative number as a loss.
For capital assets held more than one year, fill in line 3 of Schedule C. If the Wisconsin adjusted basis is more than the federal adjusted 
basis, fill in a negative number in the difference column (column C). Combine the amounts in column C and fill in the result on line 4 
of Schedule C and on line 15 of Wisconsin Schedule 2WD. Enter a negative number as a loss.
Note If there is inadequate space on lines 1 and 3 to list each capital asset which had a different basis for Wisconsin than for federal 
tax purposes, include a separate page with Form 2 giving the required information.

                                     Schedule 2K-1 Instructions –
                         Beneficiary’s Share of Income, Deductions, Etc.

Schedule 2K-1 shows each beneficiary’s share of income, deductions, etc., distributed by the estate or trust. Schedule 2K-1 requires 
an entry for the federal amount, adjustment, and Wisconsin amount of each applicable estate or trust item.

If an estate or trust is a partner or shareholder in a partnership or tax-option (S) corporation that elects to be taxed at the entity level, 
the portion of the electing partnership’s or tax-option (S) corporation’s items distributable to the beneficiaries must be included on 
Schedule 2K-1 as if the election was not made. The estate or trust must check box D under Part II of Schedule 2K-1, and provide the 
beneficiary a supplemental statement with the Schedule 2K-1 detailing the items from the electing partnership or tax-option (S) corpo-
ration and informing the beneficiary that the partnership or tax-option (S) corporation made the election to pay tax at the entity level.
                                                           - 19 -

Prepare a Schedule 2K-1 for each individual or entity that was a beneficiary during the estate’s or trust’s taxable year. Include a copy 
of each beneficiary’s Schedule 2K-1 with the Form 2 filed with the department. Keep a copy as part of the estate’s or trust’s records 
and give each beneficiary their own separate copy.

Exceptions A Schedule 2K-1 need not be prepared for a Wisconsin resident beneficiary if there are no differences between federal 
and Wisconsin income, deductions, gains or losses and there are no Wisconsin credits or withholding to be reported. Schedule 2K-1 
need not be prepared for nonresident beneficiaries if the income, deductions, etc., distributed are not from Wisconsin sources and 
there are no Wisconsin credits to be reported. Income from Wisconsin sources includes:
•  Wages, salaries, commissions, and other income for personal services performed in Wisconsin.
•  Rents and royalties from tangible property located in Wisconsin, such as land, buildings, and machinery.
•  Gains or losses from sales or other dispositions of tangible property located in Wisconsin, such as land, buildings, and machinery.
•  Profits or losses from businesses, professions, and farm operations conducted in Wisconsin, including sole proprietorships, part-
nerships, limited liability companies (LLCs), and tax-option (S) corporations.
•  Income from the Wisconsin state lottery, a multijurisdictional lottery if the winning lottery ticket or lottery share was purchased from 
a Wisconsin retailer, or pari-mutuel wager winnings and purses.
•  Winnings from a casino or bingo hall located in Wisconsin and operated by a Native American tribe or band.

On each Schedule 2K-1, enter the name and federal identification number of the estate or trust. Also enter the beneficiary’s identifying 
number (social security number for individuals), name, and address and the fiduciary’s name and address in the appropriate spaces.

Column b.  Federal Amount – Enter the applicable amount from federal Schedule K-1.
Exception If the federal amount was computed using a provision of federal law that Wisconsin doesn’t follow, you must first complete 
Schedule B on Form 2, page 4. See the instructions for lines 1 through 9 of Schedule 2K-1 for more information.

Column c. Adjustment – Enter  the  amount  of  any  additions  or  subtractions  from  federal  income  (modifications  and  any  other 
adjustments) made to arrive at the amount of any item of estate or trust income, deduction, etc., reportable under Wisconsin law.

Column d. Wisconsin Amount – Enter the amount of total income under Wisconsin law. Combine the amount in column b with any 
adjustment in column c and enter the result in column d.

Column e. Wisconsin Source Amount – For nonresident or part-year Wisconsin residents only. Fill in the Wisconsin source amount 
of the beneficiary’s portion in column d that is attributable to Wisconsin.

Note Unless considered business income subject to apportionment under sec. 71.04, Wis. Stats., intangible income of an estate or 
trust, such as interest and dividends, and gains and losses resulting from the sale of intangible property such as stocks, bonds, and 
securities which are distributable or distributed to a nonresident individual beneficiary are not taxable by Wisconsin because the 
income follows the residence of the individual.

Caution Do not fill in column e for a beneficiary who is a full-year resident of Wisconsin.

Note  Wisconsin follows the final treasury regulations from the IRS under TD 9918, as they relate to the secs. 67(e) and 642(h), IRC, 
for determining the character, amount and allocation of deductions in excess of gross income succeeded to by a beneficiary on the 
termination of an estate or non-grantor trust for taxable years beginning after December 31, 2017.

 Line Instructions
Lines 1 through 9.  Enter in column b the amount from federal Schedule K-1.

Exception If an item is computed under a provision of federal law that cannot be used for Wisconsin purposes, enter in column b the 
amount from the federal Schedule K-1 plus or minus, as appropriate, the beneficiary’s share of the amount from Schedule B, column 1 
of Form 2. On line 13, identify the beneficiary’s share of the amount from Schedule B, column 1 as a “Schedule I Adjustment” if the 
beneficiary is an individual or a “Schedule B Adjustment” if the beneficiary is an estate or trust. Each beneficiary must account for 
this federal – Wisconsin difference on Wisconsin Schedule I (or Schedule B).

Enter the amount of the beneficiary’s share of modifications from lines 3, 5, 8, 10, and 11 of Schedule A, Form 2 on the appropriate lines 
of Schedule 2K-1, column c. Show addition modifications as a positive number and subtraction modifications as a negative number.

Example 1:  If the federal amount on line 1, column b of Schedule 2K-1 includes any U.S. government interest, show the beneficiary’s 
share of the amount of U.S. government interest as a subtraction modification in column c.

Example 2:  If the federal amount on line 6, 7, or 8, column b of Schedule 2K-1 includes a deduction for state and local income taxes, 
show the beneficiary’s share of the amount of taxes as an addition modification in column c.

Note Do not adjust for state and municipal interest on line 1, column c. Enter state and municipal interest taxable to Wisconsin as a 
subtraction on line 13, column c as “Tax-exempt interest.”
                                                          - 20 -

For lines 3 and 4a, enter in column d the beneficiary’s share of the amounts from lines 8c and 17c of Wisconsin Schedule 2WD. Enter 
in column b the amounts from lines 3 and 4a of the federal K-1. The difference between column d and column b is entered as the 
adjustment in column c.

For line 4b, enter in column d the portion of the amount from column d of line 4a that is attributable to gain on the sale of farm assets, 
determined as follows:
                                distributable long-term gain from
                                the sale of farm assets listed on
                                federal Form 8949 and taxable to
                                Wisconsin plus distributable gain from
                                the sale of farm assets included in
                                line 12 or 13 of Schedule 2WD         x  amount from line 4a
                                long-term capital gain included in 
                                      line 17c of Schedule 2WD*
*  do not include any losses in this amount

Line 10.  If the beneficiary is an individual, the Wisconsin amount in column d is zero. If the beneficiary is another estate or a trust, 
the amount in column d will be the same as column b.

Line 11.  If an amount is entered in column b as “Excess deductions” and the beneficiary is an individual, enter the negative of the 
amount reported in column b in column c and zero in column d. If the beneficiary is an estate or trust, the amount to enter in column c 
is determined as explained earlier in these instructions under “Column c. Adjustment.”

Note Wisconsin follows final treasury regulations from the IRS under TD 9918, as they relate to sec. 67(e) and 642(h), IRC for determining 
the character, amount, and allocation of deduction in excess of gross income, succeeded to by a beneficiary on the termination of an 
estate or non-grantor trust for taxable years beginning after December 31, 2017.

Line 12.  Wisconsin does not have an alternative minimum tax for taxable years beginning on or after January 1, 2019. 

Estates and trusts fill in column (b) with the amount from federal Schedule K-1. Do not report any amounts under columns (c), (d), and (e).

Line 13.  If any portion of an amount entered in column b as “Tax-exempt interest” is taxable for Wisconsin purposes, enter it as a 
subtraction in column c. The amount in column d is the amount of tax-exempt interest for Wisconsin purposes.

Lines 14a and 14b.  Enter the beneficiary’s share of related entity expenses required to be added to Wisconsin income and allowed 
to be subtracted from Wisconsin income.

Lines 15a through 15i.  Enter the amount of credit allocable to the beneficiary and the name of the schedule the credit is from (TC, 
DC, EC, ED, CM, MA-A, MA-M, R, BD, HR, or LI).

Exception If claiming one of the following credits, enter the corresponding three-letter code:
•  Angel investment credit – VCA
•  Early stage seed investment credit – VCE
•  Electronics and information technology manufacturing zone credit – EIT

Note Do not include any credits related to the tax-option (S) corporation portion of an electing small business trust (ESBT). See the 
Form 2 “Tax Computation” instructions for lines 7 and 15, or the Schedule ESBT instructions for reporting requirements of ESBT 
credits.

Line 15j.  Enter the withholding tax paid by the estate or trust on behalf of a nonresident beneficiary, as reported on Form PW-1. 
Do not include other types of withholding received, including withholding from Forms 1099-R, W-2, and W2-G. If a nonresident 
beneficiary claims exemption from withholding because they are an exempt entity, include a copy of the exemption statement with 
the Form 2 filed with the department.

If the estate or trust is a member of another entity that withheld Wisconsin income tax from that entity’s income that is passed through 
to the trust’s or estate’s beneficiaries, also include that tax withheld in column d.

Line 16. For each of columns d and e, combine lines 1 through 8. From the result, subtract line 9. Add or subtract, as appropriate, 
any income or deductions reported on line 13 that affect the computation of taxable income.

                                           Applicable Laws and Rules
 This document provides statements or interpretations of the following laws and regulations enacted as of November 4, 2024: 
 secs. 71.05(25) and (26), Wis. Stats.

                                                              - 21 -

2024 TAX TABLE

If Line 5 but          If Line 5 but          If Line 5 but           If Line 5 but           If Line 5 but
is at     less  Gross  is at     less  Gross  is at     less  Gross   is at     less  Gross   is at     less  Gross
least     than  tax is least     than  tax is least     than   tax is least     than   tax is least     than   tax is

                       4,000     4,100 142     9,500    9,600  334      15,000  15,100 533      20,500  20,600 775
                       4,100     4,200 145     9,600    9,700  338      15,100  15,200 538      20,600  20,700 780
                       4,200     4,300 149     9,700    9,800  341      15,200  15,300 542      20,700  20,800 784
                       4,300     4,400 152     9,800    9,900  345      15,300  15,400 547      20,800  20,900 789
                       4,400     4,500 156     9,900  10,000   348      15,400  15,500 551      20,900  21,000 793
                       4,500     4,600 159      10,000  10,100 352      15,500  15,600 555      21,000  21,100 797
                       4,600     4,700 163      10,100  10,200 355      15,600  15,700 560      21,100  21,200 802
                       4,700     4,800 166      10,200  10,300 359      15,700  15,800 564      21,200  21,300 806
                       4,800     4,900 170      10,300  10,400 362      15,800  15,900 569      21,300  21,400 811
                       4,900     5,000 173      10,400  10,500 366      15,900  16,000 573      21,400  21,500 815
                       5,000     5,100 177      10,500  10,600 369      16,000  16,100 577      21,500  21,600 819
                       5,100     5,200 180      10,600  10,700 373      16,100  16,200 582      21,600  21,700 824
                       5,200     5,300 184      10,700  10,800 376      16,200  16,300 586      21,700  21,800 828
      0   20    0      5,300     5,400 187      10,800  10,900 380      16,300  16,400 591      21,800  21,900 833
      20  40    1      5,400     5,500 191      10,900  11,000 383      16,400  16,500 595      21,900  22,000 837
      40  100   2      5,500     5,600 194      11,000  11,100 387      16,500  16,600 599      22,000  22,100 841
100       200   5      5,600     5,700 198      11,100  11,200 390      16,600  16,700 604      22,100  22,200 846
200       300   9      5,700     5,800 201      11,200  11,300 394      16,700  16,800 608      22,200  22,300 850
300       400   12     5,800     5,900 205      11,300  11,400 397      16,800  16,900 613      22,300  22,400 855
400       500   16     5,900     6,000 208      11,400  11,500 401      16,900  17,000 617      22,400  22,500 859
500       600   19     6,000     6,100 212      11,500  11,600 404      17,000  17,100 621      22,500  22,600 863
600       700   23     6,100     6,200 215      11,600  11,700 408      17,100  17,200 626      22,600  22,700 868
700       800   26     6,200     6,300 219      11,700  11,800 411      17,200  17,300 630      22,700  22,800 872
800       900   30     6,300     6,400 222      11,800  11,900 415      17,300  17,400 635      22,800  22,900 877
900       1,000 33     6,400     6,500 226      11,900  12,000 418      17,400  17,500 639      22,900  23,000 881
1,000     1,100 37     6,500     6,600 229      12,000  12,100 422      17,500  17,600 643      23,000  23,100 885
1,100     1,200 40     6,600     6,700 233      12,100  12,200 425      17,600  17,700 648      23,100  23,200 890
1,200     1,300 44     6,700     6,800 236      12,200  12,300 429      17,700  17,800 652      23,200  23,300 894
1,300     1,400 47     6,800     6,900 240      12,300  12,400 432      17,800  17,900 657      23,300  23,400 899
1,400     1,500 51     6,900     7,000 243      12,400  12,500 436      17,900  18,000 661      23,400  23,500 903
1,500     1,600 54     7,000     7,100 247      12,500  12,600 439      18,000  18,100 665      23,500  23,600 907
1,600     1,700 58     7,100     7,200 250      12,600  12,700 443      18,100  18,200 670      23,600  23,700 912
1,700     1,800 61     7,200     7,300 254      12,700  12,800 446      18,200  18,300 674      23,700  23,800 916
1,800     1,900 65     7,300     7,400 257      12,800  12,900 450      18,300  18,400 679      23,800  23,900 921
1,900     2,000 68     7,400     7,500 261      12,900  13,000 453      18,400  18,500 683      23,900  24,000 925

2,000     2,100 72     7,500     7,600 264      13,000  13,100 457      18,500  18,600 687      24,000  24,100 929
2,100     2,200 75     7,600     7,700 268      13,100  13,200 460      18,600  18,700 692      24,100  24,200 934
2,200     2,300 79     7,700     7,800 271      13,200  13,300 464      18,700  18,800 696      24,200  24,300 938
2,300     2,400 82     7,800     7,900 275      13,300  13,400 467      18,800  18,900 701      24,300  24,400 943
2,400     2,500 86     7,900     8,000 278      13,400  13,500 471      18,900  19,000 705      24,400  24,500 947
2,500     2,600 89     8,000     8,100 282      13,500  13,600 474      19,000  19,100 709      24,500  24,600 951
2,600     2,700 93     8,100     8,200 285      13,600  13,700 478      19,100  19,200 714      24,600  24,700 956
2,700     2,800 96     8,200     8,300 289      13,700  13,800 481      19,200  19,300 718      24,700  24,800 960
2,800     2,900 100    8,300     8,400 292      13,800  13,900 485      19,300  19,400 723      24,800  24,900 965
2,900     3,000 103    8,400     8,500 296      13,900  14,000 488      19,400  19,500 727      24,900  25,000 969
3,000     3,100 107    8,500     8,600 299      14,000  14,100 492      19,500  19,600 731      25,000  25,100 973
3,100     3,200 110    8,600     8,700 303      14,100  14,200 495      19,600  19,700 736      25,100  25,200 978
3,200     3,300 114    8,700     8,800 306      14,200  14,300 499      19,700  19,800 740      25,200  25,300 982
3,300     3,400 117    8,800     8,900 310      14,300  14,400 503      19,800  19,900 745      25,300  25,400 987
3,400     3,500 121    8,900     9,000 313      14,400  14,500 507      19,900  20,000 749      25,400  25,500 991
3,500     3,600 124    9,000     9,100 317      14,500  14,600 511      20,000  20,100 753      25,500  25,600 995
3,600     3,700 128    9,100     9,200 320      14,600  14,700 516      20,100  20,200 758      25,600  25,700 1,000
3,700     3,800 131    9,200     9,300 324      14,700  14,800 520      20,200  20,300 762      25,700  25,800 1,004
3,800     3,900 135    9,300     9,400 327      14,800  14,900 525      20,300  20,400 767      25,800  25,900 1,009
3,900     4,000 138    9,400     9,500 331      14,900  15,000 529      20,400  20,500 771      25,900  26,000 1,013
                                                        22

2024 TAX TABLE  (Continued)

If Line 5 but           If Line 5 but           If Line 5 but           If Line 5 but           If Line 5 but
is at     less  Gross   is at     less  Gross   is at     less  Gross   is at     less  Gross   is at     less  Gross
least     than   tax is least     than   tax is least     than   tax is least     than   tax is least     than   tax is

  26,000  26,100 1,017    31,500  31,600 1,286    37,000  37,100 1,577    42,500  42,600 1,869    48,000  48,100 2,160
  26,100  26,200 1,022    31,600  31,700 1,291    37,100  37,200 1,582    42,600  42,700 1,874    48,100  48,200 2,165
  26,200  26,300 1,026    31,700  31,800 1,296    37,200  37,300 1,588    42,700  42,800 1,879    48,200  48,300 2,171
  26,300  26,400 1,031    31,800  31,900 1,301    37,300  37,400 1,593    42,800  42,900 1,884    48,300  48,400 2,176
  26,400  26,500 1,035    31,900  32,000 1,307    37,400  37,500 1,598    42,900  43,000 1,890    48,400  48,500 2,181
  26,500  26,600 1,039    32,000  32,100 1,312    37,500  37,600 1,604    43,000  43,100 1,895    48,500  48,600 2,187
  26,600  26,700 1,044    32,100  32,200 1,317    37,600  37,700 1,609    43,100  43,200 1,900    48,600  48,700 2,192
  26,700  26,800 1,048    32,200  32,300 1,323    37,700  37,800 1,614    43,200  43,300 1,906    48,700  48,800 2,197
  26,800  26,900 1,053    32,300  32,400 1,328    37,800  37,900 1,619    43,300  43,400 1,911    48,800  48,900 2,202
  26,900  27,000 1,057    32,400  32,500 1,333    37,900  38,000 1,625    43,400  43,500 1,916    48,900  49,000 2,208
  27,000  27,100 1,061    32,500  32,600 1,339    38,000  38,100 1,630    43,500  43,600 1,922    49,000  49,100 2,213
  27,100  27,200 1,066    32,600  32,700 1,344    38,100  38,200 1,635    43,600  43,700 1,927    49,100  49,200 2,218
  27,200  27,300 1,070    32,700  32,800 1,349    38,200  38,300 1,641    43,700  43,800 1,932    49,200  49,300 2,224
  27,300  27,400 1,075    32,800  32,900 1,354    38,300  38,400 1,646    43,800  43,900 1,937    49,300  49,400 2,229
  27,400  27,500 1,079    32,900  33,000 1,360    38,400  38,500 1,651    43,900  44,000 1,943    49,400  49,500 2,234
 
  27,500  27,600 1,083    33,000  33,100 1,365    38,500  38,600 1,657    44,000  44,100 1,948    49,500  49,600 2,240
  27,600  27,700 1,088    33,100  33,200 1,370    38,600  38,700 1,662    44,100  44,200 1,953    49,600  49,700 2,245
  27,700  27,800 1,092    33,200  33,300 1,376    38,700  38,800 1,667    44,200  44,300 1,959    49,700  49,800 2,250
  27,800  27,900 1,097    33,300  33,400 1,381    38,800  38,900 1,672    44,300  44,400 1,964    49,800  49,900 2,255
  27,900  28,000 1,101    33,400  33,500 1,386    38,900  39,000 1,678    44,400  44,500 1,969    49,900  50,000 2,261
  28,000  28,100 1,105    33,500  33,600 1,392    39,000  39,100 1,683    44,500  44,600 1,975    50,000  50,100 2,266
  28,100  28,200 1,110    33,600  33,700 1,397    39,100  39,200 1,688    44,600  44,700 1,980    50,100  50,200 2,271
  28,200  28,300 1,114    33,700  33,800 1,402    39,200  39,300 1,694    44,700  44,800 1,985    50,200  50,300 2,277
  28,300  28,400 1,119    33,800  33,900 1,407    39,300  39,400 1,699    44,800  44,900 1,990    50,300  50,400 2,282
  28,400  28,500 1,123    33,900  34,000 1,413    39,400  39,500 1,704    44,900  45,000 1,996    50,400  50,500 2,287
  28,500  28,600 1,127    34,000  34,100 1,418    39,500  39,600 1,710    45,000  45,100 2,001    50,500  50,600 2,293
  28,600  28,700 1,132    34,100  34,200 1,423    39,600  39,700 1,715    45,100  45,200 2,006    50,600  50,700 2,298
  28,700  28,800 1,137    34,200  34,300 1,429    39,700  39,800 1,720    45,200  45,300 2,012    50,700  50,800 2,303
  28,800  28,900 1,142    34,300  34,400 1,434    39,800  39,900 1,725    45,300  45,400 2,017    50,800  50,900 2,308
  28,900  29,000 1,148    34,400  34,500 1,439    39,900  40,000 1,731    45,400  45,500 2,022    50,900  51,000 2,314
                                                                                                 
  29,000  29,100 1,153    34,500  34,600 1,445    40,000  40,100 1,736    45,500  45,600 2,028    51,000  51,100 2,319
  29,100  29,200 1,158    34,600  34,700 1,450    40,100  40,200 1,741    45,600  45,700 2,033    51,100  51,200 2,324
  29,200  29,300 1,164    34,700  34,800 1,455    40,200  40,300 1,747    45,700  45,800 2,038    51,200  51,300 2,330
  29,300  29,400 1,169    34,800  34,900 1,460    40,300  40,400 1,752    45,800  45,900 2,043    51,300  51,400 2,335
  29,400  29,500 1,174    34,900  35,000 1,466    40,400  40,500 1,757    45,900  46,000 2,049    51,400  51,500 2,340

  29,500  29,600 1,180    35,000  35,100 1,471    40,500  40,600 1,763    46,000  46,100 2,054    51,500  51,600 2,346
  29,600  29,700 1,185    35,100  35,200 1,476    40,600  40,700 1,768    46,100  46,200 2,059    51,600  51,700 2,351
  29,700  29,800 1,190    35,200  35,300 1,482    40,700  40,800 1,773    46,200  46,300 2,065    51,700  51,800 2,356
  29,800  29,900 1,195    35,300  35,400 1,487    40,800  40,900 1,778    46,300  46,400 2,070    51,800  51,900 2,361
  29,900  30,000 1,201    35,400  35,500 1,492    40,900  41,000 1,784    46,400  46,500 2,075    51,900  52,000 2,367
  30,000  30,100 1,206    35,500  35,600 1,498    41,000  41,100 1,789    46,500  46,600 2,081    52,000  52,100 2,372
  30,100  30,200 1,211    35,600  35,700 1,503    41,100  41,200 1,794    46,600  46,700 2,086    52,100  52,200 2,377
  30,200  30,300 1,217    35,700  35,800 1,508    41,200  41,300 1,800    46,700  46,800 2,091    52,200  52,300 2,383
  30,300  30,400 1,222    35,800  35,900 1,513    41,300  41,400 1,805    46,800  46,900 2,096    52,300  52,400 2,388
  30,400  30,500 1,227    35,900  36,000 1,519    41,400  41,500 1,810    46,900  47,000 2,102    52,400  52,500 2,393
  30,500  30,600 1,233    36,000  36,100 1,524    41,500  41,600 1,816    47,000  47,100 2,107    52,500  52,600 2,399
  30,600  30,700 1,238    36,100  36,200 1,529    41,600  41,700 1,821    47,100  47,200 2,112    52,600  52,700 2,404
  30,700  30,800 1,243    36,200  36,300 1,535    41,700  41,800 1,826    47,200  47,300 2,118    52,700  52,800 2,409
  30,800  30,900 1,248    36,300  36,400 1,540    41,800  41,900 1,831    47,300  47,400 2,123    52,800  52,900 2,414
  30,900  31,000 1,254    36,400  36,500 1,545    41,900  42,000 1,837    47,400  47,500 2,128    52,900  53,000 2,420
  31,000  31,100 1,259    36,500  36,600 1,551    42,000  42,100 1,842    47,500  47,600 2,134    53,000  53,100 2,425
  31,100  31,200 1,264    36,600  36,700 1,556    42,100  42,200 1,847    47,600  47,700 2,139    53,100  53,200 2,430
  31,200  31,300 1,270    36,700  36,800 1,561    42,200  42,300 1,853    47,700  47,800 2,144    53,200  53,300 2,436
  31,300  31,400 1,275    36,800  36,900 1,566    42,300  42,400 1,858    47,800  47,900 2,149    53,300  53,400 2,441
  31,400  31,500 1,280    36,900  37,000 1,572    42,400  42,500 1,863    47,900  48,000 2,155    53,400  53,500 2,446
                                                          23

2024 TAX TABLE  (Continued)

If Line 5 but           If Line 5 but           If Line 5 but           If Line 5 but           If Line 5 but
is at     less  Gross   is at     less  Gross   is at     less  Gross   is at     less  Gross   is at     less  Gross
least     than   tax is least     than   tax is least     than   tax is least     than   tax is least     than   tax is

  53,500  53,600 2,452    59,000  59,100 2,743    64,500  64,600 3,035    70,000  70,100 3,326    75,500  75,600 3,618
  53,600  53,700 2,457    59,100  59,200 2,748    64,600  64,700 3,040    70,100  70,200 3,331    75,600  75,700 3,623
  53,700  53,800 2,462    59,200  59,300 2,754    64,700  64,800 3,045    70,200  70,300 3,337    75,700  75,800 3,628
  53,800  53,900 2,467    59,300  59,400 2,759    64,800  64,900 3,050    70,300  70,400 3,342    75,800  75,900 3,633
  53,900  54,000 2,473    59,400  59,500 2,764    64,900  65,000 3,056    70,400  70,500 3,347    75,900  76,000 3,639
  54,000  54,100 2,478    59,500  59,600 2,770    65,000  65,100 3,061    70,500  70,600 3,353    76,000  76,100 3,644
  54,100  54,200 2,483    59,600  59,700 2,775    65,100  65,200 3,066    70,600  70,700 3,358    76,100  76,200 3,649
  54,200  54,300 2,489    59,700  59,800 2,780    65,200  65,300 3,072    70,700  70,800 3,363    76,200  76,300 3,655
  54,300  54,400 2,494    59,800  59,900 2,785    65,300  65,400 3,077    70,800  70,900 3,368    76,300  76,400 3,660
  54,400  54,500 2,499    59,900  60,000 2,791    65,400  65,500 3,082    70,900  71,000 3,374    76,400  76,500 3,665
  54,500  54,600 2,505    60,000  60,100 2,796    65,500  65,600 3,088    71,000  71,100 3,379    76,500  76,600 3,671
  54,600  54,700 2,510    60,100  60,200 2,801    65,600  65,700 3,093    71,100  71,200 3,384    76,600  76,700 3,676
  54,700  54,800 2,515    60,200  60,300 2,807    65,700  65,800 3,098    71,200  71,300 3,390    76,700  76,800 3,681
  54,800  54,900 2,520    60,300  60,400 2,812    65,800  65,900 3,103    71,300  71,400 3,395    76,800  76,900 3,686
  54,900  55,000 2,526    60,400  60,500 2,817    65,900  66,000 3,109    71,400  71,500 3,400    76,900  77,000 3,692
  55,000  55,100 2,531    60,500  60,600 2,823    66,000  66,100 3,114    71,500  71,600 3,406    77,000  77,100 3,697
  55,100  55,200 2,536    60,600  60,700 2,828    66,100  66,200 3,119    71,600  71,700 3,411    77,100  77,200 3,702
  55,200  55,300 2,542    60,700  60,800 2,833    66,200  66,300 3,125    71,700  71,800 3,416    77,200  77,300 3,708
  55,300  55,400 2,547    60,800  60,900 2,838    66,300  66,400 3,130    71,800  71,900 3,421    77,300  77,400 3,713
  55,400  55,500 2,552    60,900  61,000 2,844    66,400  66,500 3,135    71,900  72,000 3,427    77,400  77,500 3,718
  55,500  55,600 2,558    61,000  61,100 2,849    66,500  66,600 3,141    72,000  72,100 3,432    77,500  77,600 3,724
  55,600  55,700 2,563    61,100  61,200 2,854    66,600  66,700 3,146    72,100  72,200 3,437    77,600  77,700 3,729
  55,700  55,800 2,568    61,200  61,300 2,860    66,700  66,800 3,151    72,200  72,300 3,443    77,700  77,800 3,734
  55,800  55,900 2,573    61,300  61,400 2,865    66,800  66,900 3,156    72,300  72,400 3,448    77,800  77,900 3,739
  55,900  56,000 2,579    61,400  61,500 2,870    66,900  67,000 3,162    72,400  72,500 3,453    77,900  78,000 3,745
  56,000  56,100 2,584    61,500  61,600 2,876    67,000  67,100 3,167    72,500  72,600 3,459    78,000  78,100 3,750
  56,100  56,200 2,589    61,600  61,700 2,881    67,100  67,200 3,172    72,600  72,700 3,464    78,100  78,200 3,755
  56,200  56,300 2,595    61,700  61,800 2,886    67,200  67,300 3,178    72,700  72,800 3,469    78,200  78,300 3,761
  56,300  56,400 2,600    61,800  61,900 2,891    67,300  67,400 3,183    72,800  72,900 3,474    78,300  78,400 3,766
  56,400  56,500 2,605    61,900  62,000 2,897    67,400  67,500 3,188    72,900  73,000 3,480    78,400  78,500 3,771
  56,500  56,600 2,611    62,000  62,100 2,902    67,500  67,600 3,194    73,000  73,100 3,485    78,500  78,600 3,777
  56,600  56,700 2,616    62,100  62,200 2,907    67,600  67,700 3,199    73,100  73,200 3,490    78,600  78,700 3,782
  56,700  56,800 2,621    62,200  62,300 2,913    67,700  67,800 3,204    73,200  73,300 3,496    78,700  78,800 3,787
  56,800  56,900 2,626    62,300  62,400 2,918    67,800  67,900 3,209    73,300  73,400 3,501    78,800  78,900 3,792
  56,900  57,000 2,632    62,400  62,500 2,923    67,900  68,000 3,215    73,400  73,500 3,506    78,900  79,000 3,798

  57,000  57,100 2,637    62,500  62,600 2,929    68,000  68,100 3,220    73,500  73,600 3,512    79,000  79,100 3,803
  57,100  57,200 2,642    62,600  62,700 2,934    68,100  68,200 3,225    73,600  73,700 3,517    79,100  79,200 3,808
  57,200  57,300 2,648    62,700  62,800 2,939    68,200  68,300 3,231    73,700  73,800 3,522    79,200  79,300 3,814
  57,300  57,400 2,653    62,800  62,900 2,944    68,300  68,400 3,236    73,800  73,900 3,527    79,300  79,400 3,819
  57,400  57,500 2,658    62,900  63,000 2,950    68,400  68,500 3,241    73,900  74,000 3,533    79,400  79,500 3,824
  57,500  57,600 2,664    63,000  63,100 2,955    68,500  68,600 3,247    74,000  74,100 3,538    79,500  79,600 3,830
  57,600  57,700 2,669    63,100  63,200 2,960    68,600  68,700 3,252    74,100  74,200 3,543    79,600  79,700 3,835
  57,700  57,800 2,674    63,200  63,300 2,966    68,700  68,800 3,257    74,200  74,300 3,549    79,700  79,800 3,840
  57,800  57,900 2,679    63,300  63,400 2,971    68,800  68,900 3,262    74,300  74,400 3,554    79,800  79,900 3,845
  57,900  58,000 2,685    63,400  63,500 2,976    68,900  69,000 3,268    74,400  74,500 3,559    79,900  80,000 3,851
  58,000  58,100 2,690    63,500  63,600 2,982    69,000  69,100 3,273    74,500  74,600 3,565    80,000  80,100 3,856
  58,100  58,200 2,695    63,600  63,700 2,987    69,100  69,200 3,278    74,600  74,700 3,570    80,100  80,200 3,861
  58,200  58,300 2,701    63,700  63,800 2,992    69,200  69,300 3,284    74,700  74,800 3,575    80,200  80,300 3,867
  58,300  58,400 2,706    63,800  63,900 2,997    69,300  69,400 3,289    74,800  74,900 3,580    80,300  80,400 3,872
  58,400  58,500 2,711    63,900  64,000 3,003    69,400  69,500 3,294    74,900  75,000 3,586    80,400  80,500 3,877
  58,500  58,600 2,717    64,000  64,100 3,008    69,500  69,600 3,300    75,000  75,100 3,591    80,500  80,600 3,883
  58,600  58,700 2,722    64,100  64,200 3,013    69,600  69,700 3,305    75,100  75,200 3,596    80,600  80,700 3,888
  58,700  58,800 2,727    64,200  64,300 3,019    69,700  69,800 3,310    75,200  75,300 3,602    80,700  80,800 3,893
  58,800  58,900 2,732    64,300  64,400 3,024    69,800  69,900 3,315    75,300  75,400 3,607    80,800  80,900 3,898
  58,900  59,000 2,738    64,400  64,500 3,029    69,900  70,000 3,321    75,400  75,500 3,612    80,900  81,000 3,904
                                                          24

2024 TAX TABLE  (Continued)

If Line 5 but           If Line 5 but           If Line 5 but           If Line 5 but
is at     less  Gross   is at     less  Gross   is at     less  Gross   is at     less  Gross
least     than   tax is least     than   tax is least     than   tax is least     than    tax is

  81,000  81,100 3,909    86,500  86,600 4,201    92,000  92,100 4,492    97,500  97,600  4,784
  81,100  81,200 3,914    86,600  86,700 4,206    92,100  92,200 4,497    97,600  97,700  4,789
  81,200  81,300 3,920    86,700  86,800 4,211    92,200  92,300 4,503    97,700  97,800  4,794
  81,300  81,400 3,925    86,800  86,900 4,216    92,300  92,400 4,508    97,800  97,900  4,799
  81,400  81,500 3,930    86,900  87,000 4,222    92,400  92,500 4,513    97,900  98,000  4,805
  81,500  81,600 3,936    87,000  87,100 4,227    92,500  92,600 4,519    98,000  98,100  4,810
  81,600  81,700 3,941    87,100  87,200 4,232    92,600  92,700 4,524    98,100  98,200  4,815
  81,700  81,800 3,946    87,200  87,300 4,238    92,700  92,800 4,529    98,200  98,300  4,821
  81,800  81,900 3,951    87,300  87,400 4,243    92,800  92,900 4,534    98,300  98,400  4,826
  81,900  82,000 3,957    87,400  87,500 4,248    92,900  93,000 4,540    98,400  98,500  4,831
                                                 
  82,000  82,100 3,962    87,500  87,600 4,254    93,000  93,100 4,545    98,500  98,600  4,837
  82,100  82,200 3,967    87,600  87,700 4,259    93,100  93,200 4,550    98,600  98,700  4,842
  82,200  82,300 3,973    87,700  87,800 4,264    93,200  93,300 4,556    98,700  98,800  4,847
  82,300  82,400 3,978    87,800  87,900 4,269    93,300  93,400 4,561    98,800  98,900  4,852
  82,400  82,500 3,983    87,900  88,000 4,275    93,400  93,500 4,566    98,900  99,000  4,858
  82,500  82,600 3,989    88,000  88,100 4,280    93,500  93,600 4,572    99,000  99,100  4,863
  82,600  82,700 3,994    88,100  88,200 4,285    93,600  93,700 4,577    99,100  99,200  4,868
  82,700  82,800 3,999    88,200  88,300 4,291    93,700  93,800 4,582    99,200  99,300  4,874
  82,800  82,900 4,004    88,300  88,400 4,296    93,800  93,900 4,587    99,300  99,400  4,879
  82,900  83,000 4,010    88,400  88,500 4,301    93,900  94,000 4,593    99,400  99,500  4,884
  83,000  83,100 4,015    88,500  88,600 4,307    94,000  94,100 4,598    99,500  99,600  4,890
  83,100  83,200 4,020    88,600  88,700 4,312    94,100  94,200 4,603    99,600  99,700  4,895
  83,200  83,300 4,026    88,700  88,800 4,317    94,200  94,300 4,609    99,700  99,800  4,900
  83,300  83,400 4,031    88,800  88,900 4,322    94,300  94,400 4,614    99,800  99,900  4,905
  83,400  83,500 4,036    88,900  89,000 4,328    94,400  94,500 4,619    99,900  100,000 4,911
  83,500  83,600 4,042    89,000  89,100 4,333    94,500  94,600 4,625  $100,000 or over –
  83,600  83,700 4,047    89,100  89,200 4,338    94,600  94,700 4,630        Use the
  83,700  83,800 4,052    89,200  89,300 4,344    94,700  94,800 4,635  Tax Computation
  83,800  83,900 4,057    89,300  89,400 4,349    94,800  94,900 4,640        Worksheet
  83,900  84,000 4,063    89,400  89,500 4,354    94,900  95,000 4,646  on the following page
  84,000  84,100 4,068    89,500  89,600 4,360    95,000  95,100 4,651
  84,100  84,200 4,073    89,600  89,700 4,365    95,100  95,200 4,656
  84,200  84,300 4,079    89,700  89,800 4,370    95,200  95,300 4,662
  84,300  84,400 4,084    89,800  89,900 4,375    95,300  95,400 4,667
  84,400  84,500 4,089    89,900  90,000 4,381    95,400  95,500 4,672

  84,500  84,600 4,095    90,000  90,100 4,386    95,500  95,600 4,678
  84,600  84,700 4,100    90,100  90,200 4,391    95,600  95,700 4,683
  84,700  84,800 4,105    90,200  90,300 4,397    95,700  95,800 4,688
  84,800  84,900 4,110    90,300  90,400 4,402    95,800  95,900 4,693
  84,900  85,000 4,116    90,400  90,500 4,407    95,900  96,000 4,699
  85,000  85,100 4,121    90,500  90,600 4,413    96,000  96,100 4,704
  85,100  85,200 4,126    90,600  90,700 4,418    96,100  96,200 4,709
  85,200  85,300 4,132    90,700  90,800 4,423    96,200  96,300 4,715
  85,300  85,400 4,137    90,800  90,900 4,428    96,300  96,400 4,720
  85,400  85,500 4,142    90,900  91,000 4,434    96,400  96,500 4,725
  85,500  85,600 4,148    91,000  91,100 4,439    96,500  96,600 4,731
  85,600  85,700 4,153    91,100  91,200 4,444    96,600  96,700 4,736
  85,700  85,800 4,158    91,200  91,300 4,450    96,700  96,800 4,741
  85,800  85,900 4,163    91,300  91,400 4,455    96,800  96,900 4,746
  85,900  86,000 4,169    91,400  91,500 4,460    96,900  97,000 4,752
  86,000  86,100 4,174    91,500  91,600 4,466    97,000  97,100 4,757
  86,100  86,200 4,179    91,600  91,700 4,471    97,100  97,200 4,762
  86,200  86,300 4,185    91,700  91,800 4,476    97,200  97,300 4,768
  86,300  86,400 4,190    91,800  91,900 4,481    97,300  97,400 4,773
  86,400  86,500 4,195    91,900  92,000 4,487    97,400  97,500 4,778
                                                          25

                       2024 Tax Computation Worksheet – Line 6a

Caution  Use the Tax Computation Worksheet to figure tax if taxable income is $100,000 or more.

                       (a)         (b)               (c)        (d)                            (e)
Taxable income.        Fill in the Multiplication    Multiply   Subtraction                    Subtract (d) from (c).
If line 5 is –         amount      amount            (a) by (b) amount                         Fill in the result here
                       from line 5                                                             and on Form 2
                                                                                               line 6a
At least $100,000 but
                     $                             $            $386.64     $
less than $315,311                 x 5.3% (.053)

$315,311 or over     $             x 7.65% (.0765) $            $7,796.43   $

                                       - 26 -