Tab to navigate within form. Use mouse to check Save Print Clear applicable boxes, press spacebar or press Enter. Schedule Farmland preservation credit FC Check here if an 2024 Include with Wisconsin Form 1, 1NPR, 2, 4, 4T, or 6 amended Schedule FC Legal name(s) shown on Form 1, 1NPR, 2, 4, 4T, or 6 Social Security Number or FEIN Caution: Schedule FC may only be filed if you are subject to a farmland preservation agreement entered into prior to July 1, 2009. See “Which Schedule to File” on page 2 of the instructions. Farmland Preservation Agreement Contract Number (see instructions). a b c d Questions Questions 1 through 7 must be answered (see instructions). 1 a Individuals – Were you a legal resident of Wisconsin for all of 2024? (If “No,” you do not qualify) ... 1a Yes No b Corporations – Were you organized under the laws of Wisconsin? (If “No,” you do not qualify) ..... 1b Yes No 2 Were you notified of noncompliance with any soil and water conservation plan or standard? ........ 2 Yes No 3 Have the 2023 property taxes for all of the farmland on which this claim is based been paid in full? ... 3 Yes No 4 What is the number of whole acres on which this claim is based? (See instructions) ............... 4 ACRES 5 Did the farmland produce gross farm profits of at least $6,000 during 2024 or a total of at least $18,000 during 2022, 2023, and 2024 combined? .......................................... 5 Yes No 6 Were at least 35 acres of the farmland on which this claim is based enrolled in the Conservation Reserve Program during 2024? ........................................................ 6 Yes No 7 If the farmland was used by someone else who met the requirement in question 5, what is that person’s name and address? Household Income Complete lines 8 through 10. Print numbers like this 8 Taxable income and dependents’ farm income (see instructions). NO COMMAS; NO CENTS a Individuals (including partners and all corporate share holders) – (1) Income from line 7 of Form 1 (Form 1NPR filers see instructions) ....................... 8a(1) .00 (2) Spouse’s income from Wisconsin income tax return (if married filing separately) .......... 8a(2) .00 (3) Farm income of dependents under age 18 – Complete the worksheet below .............. 8a(3) .00 Name Birth Date Farm Income .00 .00 .00 Total farm income – fill in here and on line 8a(3) above ..................... .00 Note: If you have more than 3 dependents with farm income, include a separate schedule. b Corporations – Income from Wisconsin Form 4 or 6 (see instructions) ....................... 8b .00 c Trusts and Estates – Total from the Income Worksheet located in the instructions ............. 8c .00 9 Other household income and adjustments (see instructions). a Depreciation ................................................................... 9a .00 b Nonfarm business losses ......................................................... 9b .00 c Amortization ................................................................... 9c .00 d Capital gains not taxable ......................................................... 9d .00 e Capital loss carryforwards and net operating loss carrybacks ............................ 9e .00 PAPER CLIP Schedule FC behind Wisconsin tax return f Cash public assistance, county relief, and WI Works payments (do not include foster care payments) 9f .00 g Child support, maintenance payments, and other support money (court ordered) ............. 9g .00 h Contributions to deferred compensation plans . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 9h .00 i Contributions to IRAs, self-employed SEP, SIMPLE, and qualified plans .................... 9i .00 2 page ...................... of top the at 9k, line on and here Enter 9i. through 7-24) 8 (R. I-025 j 9j .00 lines Add |
NameFC Schedule 2024 Page 2 of 2 SSN or FEIN 9 k Fill in the amount from line 9j (page 1) here........................................... 9k .00 L Depletion expense and intangible drilling costs ........................................ 9L .00 m Gain from sale of home excluded for federal tax purposes (see instructions) ................... 9m .00 n Nontaxable housing allowance provided to a member of the clergy ........................ 9n .00 o Income of a nonresident or part-year resident spouse................................... 9o .00 p Interest on state and municipal bonds ............................................... 9p .00 q Interest on United States securities ................................................. 9q .00 r IRA, SEP, and SIMPLE distributions, distributions from retirement plans, pension, annuity, railroad retirement, and veterans’ pension or disability payments ......................... 9r .00 s Military compensation or cash benefits .............................................. 9s .00 t Nontaxable income from sources outside Wisconsin . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 9t .00 u Nontaxable income of a Native American ............................................ 9u .00 v Rent reduction for a resident manager .............................................. 9v .00 w Scholarships, fellowships, and grants ............................................... 9w .00 x Social security, federal and state SSI, SSI-E, SSD, and CTS payments. Include Medicare premium deductions. (Do not include Title XX payments) ................................ 9x .00 y Unemployment compensation ..................................................... 9y .00 z Workers’ compensation and nontaxable loss of time insurance (for example, sick pay) ......... 9z .00 10 TOTAL HOUSEHOLD INCOME – Add lines 9k through 9z ................................. 10 .00 Credit Computation Complete lines 11 through 17, as applicable (see instructions). 11 a Fill in the net 2024 property taxes on which this claim is based ...... 11a .00 b Fill in the SMALLER of the amount on line 11a or $6,000 ................................ 11b .00 12 Using the amount on line 10, fill in the appropriate amount from TABLE 1, in the instructions ........ 12 .00 13 Subtract line 12 from line 11b (if line 12 exceeds line 11b, fill in 0) ............................ 13 .00 14 Using the amount on line 13, fill in the appropriate amount from TABLE 2 , in the instructions ...... 14 .00 15 Regular Credit – Check below to indicate the percentage of credit for which you qualify: a 80% – Fill in 80% of line 14 amount ........................ 15a .00 b Multiple Percentages – line 21 of WORKSHEET 1, in the instructions 15b .00 16 10% Special Minimum Credit – Fill in 10% of line 11b ............... 16 .00 17 FARMLAND PRESERVATION CREDIT – Fill in the LARGEST of line 15a through 16 on line 17. Fill in the credit from line 17 on line 31a of Form 1, line 61a of Form 1NPR, line 14a of Form 2, Part III, line 13 of Form 6, or (for Form 4 or 4T) line 45a of Schedule CR .......................................... 17 .00 Certification If applicable, check the box to the right of line 18 to certify both of the following (see instructions): 18 a None of the information on my previously submitted farmland preservation agreement has changed, and b I have notified the County Land Conservation Committee that I intend to file a 2024 Schedule FC 18 Under penalties of law, I declare that this farmland preservation credit claim and all enclosures are true, correct, and complete to the best of my knowledge and belief. Claimant’s signature Date Sign here |