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2023 Form HR-T Instructions
SPECIFIC INSTRUCTIONS
Sections A and C
Identifying number. Enter the last four digits of the federal employee identification number (FEIN) or the last four digits of the
social security number for an individual not required to obtain a FEIN.
A Power of Attorney (Form A‑ 222) executed by the taxpayer is required in order for the taxpayer’s representative to perform certain
acts on behalf of the taxpayer and to receive and inspect certain tax information, including receiving the Notice of Certification
letter. The form is available at revenue.wi.gov/DORForms/a‑ 222.pdf
Third Party Designee ‑ As an alternative to appointing a Power of Attorney, you may designate a third party to discuss the
processing of Form HR‑ T.Note: The third-party designee cannot receive the Notice of Certification letter on behalf of the taxpayer.
If you want to allow another person you choose to discuss your 2023 Form HR‑ T with the Department of Revenue, check the box.
If you check the box, you are authorizing the department to discuss with the designee any questions that may arise, and the
designee to provide additional information to the department.
Section D
Special instructions for credit received from pass-through entities: If the credit is received from an estate or trust,
partnership or LLC treated as a partnership, or tax-option (S) corporation, complete lines 1c and 1d, and lines 4 through 7
as appropriate. The remaining lines can be left blank.
Lines 1a and 1b – Check the appropriate box to indicate if the credit is being claimed based on when qualified rehabilitation
expenditures are paid or when the qualified rehabilitation work is completed.
Lines 1c and 1d – Enter the dates you selected on which the 24 or 60-month measuring period begins and ends under Internal
Revenue Code section 47(c)(1)(B)(i) and (ii). Claimants receiving the credit from a pass-through entity should also complete lines
1c and 1d.
Line 1e – Enter the total amount of qualifying expenditures incurred on the project to date.
Line 1f – Enter the amount of qualified rehabilitation expenditures you are including in the credit computation for the current taxable
year, based on the election you indicated on line 1a or 1b. If you are claiming the credit based on when the rehabilitation work is
completed, fill in the total qualified rehabilitation expenditures for the project. If you are claiming the credit based on when the
expenditures are paid, only fill in the qualified rehabilitation expenditures paid during the taxable year.
Line 2 – The credit is equal to 20% of the qualified rehabilitation expenditures for the current taxable year. Multiply line 1f by 20%
(.20) and enter the result.
Line 3 – Pursuant to secs. 71.07(9m)(cm), 71.28(6)(cm), and 71.47(6)(cm), Wis. Stats., the Wisconsin supplement to the federal
historic rehabilitation credit must be claimed at the same time as federal purposes, which is ratably over a five-year period. As a
result, one-fifth of the Wisconsin tax credit may be claimed each year beginning with the year the building is placed in service. A
transitional rule allows the full credit to be claimed for qualified rehabilitation expenditures incurred on a building that is owned or
leased at all times on or after January 1, 2018 if the taxpayer selected the 24 or‑ 60 month‑period measuring period by June 20,
2018.
If a claimant wants to transfer the entire credit, the department will issue a Notice of Certification letter indicating the total amount
of credit and, unless the transition rule applies, the amount that may be transferred and claimed ratably over the five-year period.
Completing lines 3a through 3e allows the claimant to transfer the entire credit on one Form HR-T.
Line 4 – If the credit you received was passed through from a tax-option (S) corporation, partnership, limited liability company
treated as a partnership or tax-option (S) corporation, or an estate or trust on Schedules 5K-1, 3K-1, or 2K-1, enter the name of
the entity, FEIN, and amount of credit.
If the credit you received was transferred from another taxpayer on Form HR-T, enter the name of the taxpayer and the amount
of credit you received.
Line 5 – Enter the amount of unused credit from Schedule CF that you wish to transfer. Include a copy of Schedule CF with your
tax return.
IS-134 (R. 2-23) 2
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