Schedule Partner’s Share of Income, Deductions, Credits, etc. 2024 3K-1 Wisconsin Department For calendar year 2024 or tax year beginning 2 0 2 4 and ending 2 0 of Revenue M M D D Y Y Y Y M M D D Y Y Y Y Part I: Information About the Partnership Partnership's Name Partnership’s FEIN Partnership's Address Partnership's City State Partnership’s Zip Code Part II: Information About the Partner If the partner is a disregarded entity or trust, enter the requested information for the taxpayer/owner of the disregarded entity or trust: Partner's Business Name Partner's FEIN Partner's Last Name Partner's First Name M.l. Partner's SSN Partner's Address Partner's City State Partner's Zip Code If the partner is a disregarded entity or trust, enter the partner's information: Name SSN FEIN A Type of partner: D Partner's share of profit, loss, and capital: 1 General partner or LLC member-manager Beginning Ending 2 Limited partner or other LLC member 1 Profit . % . % 2 Loss . % . % B Additional partner information (check all that apply): 3 Capital . % . % 1 Domestic partner 2 Foreign partner E Partner's share of liabilities at the year-end: 3 Nonresident partner 1 Nonrecourse ................... E-1 4 Tax-exempt partner 2 Qualified nonrecourse financing .... E-2 5 Disregarded entity 3 Recourse ..................... E-3 C Check if applicable: F Partner's capital account analysis: 1 Final 3K-1 1 Beginning capital account ........ F-1 2 Amended 3K-1 (Include Schedule AR) 2 Capital contributed during the year F-2 3 Election to pay tax at the entity level pursuant to s. 71.21(6)(a), Wis. Stats. 3 Current year increase (decrease)... F-3 4 A lower-tier entity made an election to pay tax at the entity level pursuant to s. 71.21(6)(a), 4 Withdrawals and distributions ..... F-4 Wis. Stats., (see instructions) 5 Ending capital account........... F-5 G Partner s’ state of residence (if a full-year Wisconsin resident, items H, I, J, and K do not apply) ............. G H Check if partner’s Wisconsin amount is determined by apportionment. Apportionment percentage ....... H . % I Check if partner’s Wisconsin amount is determined by separate accounting. J Check if the partner is a nonresident and received an approved Form PW-2 to opt out of pass-through entity withholding.DRAFT 08-01-2024 K Check if the nonresident partner elected Wisconsin composite income tax be paid by the partnership on a Form 1CNP. Amount of composite income tax paid on behalf of the nonresident partner ......................... K IP-032 (R.7-24) |
2024 Schedule 3K-1 Partner's Name ID Number Page 2 of 4 Part III Partner s’ Share of Current Year Income, Deductions, Credits, and Other Items (a) (b) (c) (d) (e) Amount under Wis. source amount Distributive share items Federal amount Adjustment Wis. law (see instructions) 1 Ordinary business income (loss) ... 1 1 2 Net rental real estate income (loss) . 2 2 3Other net rental income (loss) ..... 3 3 4Guaranteed payments: a Services ................... 4a 4a b Capital ..................... 4b 4b c Total (add lines 4a and 4b) ..... 4c 4c 5Interest income ................ 5 5 6Ordinary dividends ............. 6 6 7Royalties . . . . . . . . . . . . . . . . . . . . . 7 7 8Net short-term capital gain (loss) .. 8 8 9Net long-term capital gain (loss) ... 9 9 10a Net section 1231 gain (loss) .... 10a 10a b Portion of gains on line 10a from sales of farm assets ......................................................... 10b 11 Other income (loss) (see instr.): a 11a 11a b 11b 11b c Total (add lines 11a and 11b) ... 11c 11c 12 Section 179 deduction ........ 12 12 13 Other deductions (see instr.): a 13a 13a b 13b 13b c Total (add lines 13a and 13b) . . . 13c 13c 14 Self-employment earning (loss) . 14 15 Wisconsin credits: a Schedule .......................................................... 15a b Schedule .......................................................... 15b c Schedule ............................................................ 15c d Schedule .......................................................... 15d e Schedule .......................................................... 15e f Schedule .......................................................... 15f DRAFT 08-01-2024 g Schedule .......................................................... 15g h Schedule .......................................................... 15h i Tax paid to other states (enter postal abbreviation of state) .... 15i-1 ................................ 15i-1 15i-2 ................................ 15i-2 15i-3 ................................ 15i-3 j Wisconsin tax withheld ....................................................... 15j |
2024 Schedule 3K-1 Partner's Name ID Number Page 3 of 4 (a) (b) (c) (d) (e) Amount under Wis. source amount Distributive share items Federal amount Adjustment Wis. law (see instructions) 16 Schedule K-3 is attached if checked (see instructions) ................................ 16 17 Alternative minimum tax items: a 17a b 17b 18a Tax-exempt interest income ... 18a 18a b Other tax-exempt income ..... 18b 18b c Nondeductible expenses (list): 1 18c-1 18c-1 2 18c-2 18c-2 3 Total (add lines 18c-1 and 18c-2) 18c-3 18c-3 19 Distributions: a Cash and marketable securities 19a 19a b Distributions of other property . 19b 19b 20 Other information: a Investment income .......... 20a 20a b Investment expenses ........ 20b 20b c Other items and amounts (attach schedule) ........... 20c 20c 21 Foreign taxes paid or accrued .. 21 21 22a Related entity expense addback ................................................... 22a b Related entity expense allowable ................................................... 22b 23 Income (loss) ................................................................ 23 24 Gross income (before deducting expenses) from all activities ....................................................... 24 Part IV Partner’s Share of Apportionment Factors (Does not apply to a resident estate, trust or individual partner) Wisconsin Total company 25 Wisconsin single sales factor method (do not complete lines 26 through 28) ............... 25 Multiple factor method (do not complete line 25): 26 First factor (indicate factor used): 26 27 Second factor (indicate factor used): 27 28 Third factor (indicateDRAFTfactor used): 2808-01-2024 |
2024 Schedule 3K-1 Partner's Name ID Number Page 4 of 4 Part V Schedule 3K-1 - Partner s’ Share of Additions and Subtractions Additions: 1State taxes accrued or paid ............................................................... 1 2 Related entity expenses .................................................................. 2 3 Expenses related to nontaxable income ...................................................... 3 4 Section 179, depreciation, amortization difference (attach schedule) ................................ 4 5 Amount by which the federal basis of assets disposed of exceeds the Wisconsin basis (attach schedule) . . . . 5 6 Total additions for certain credits computed: a Business development credit ................................ 6a b Community rehabilitation program credit ........................ 6b c Development zones credits .................................. 6c d Economic development tax credit ............................. 6d e Electronics and information technology manufacturing zone credit .... 6e f Employee college saving account contribution credit .............. 6f g Enterprise zone jobs credit .................................. 6g h Reserved for future use . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 6h i Manufacturing and agriculture credit (computed in 2023) ........... 6i j Reserved for future use . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 6j k Research credits .......................................... 6k l Total credits (add lines 6a through 6k) .................................................... 6l 7Other additions: a 7a b 7b c 7c d Total other additions (add lines 7a through 7c) ............................................... 7d 8 Total additions (add lines 1 through 5 and 6l and 7d) ......................................... 8 Subtractions: 9 Related entity expenses eligible for subtraction ................................................ 9 10 Income from related entities whose expenses were disallowed (obtain Schedule RT-1 from related entity and include with your return) .................................................... 10 11 Section 179, depreciation/amortization of assets (attach schedule) ................................. 11 12 Amount by which the Wisconsin basis of assets disposed of exceeds the federal basis (attach schedule) . . . . 12 13 Federal wage credits ..................................................................... 13 14 Federal research credit expenses ........................................................... 14 15 Other subtractions: a 15a b 15b c 15c d Total other subtractions (add lines 15a through 15c) .......................................... 15d 16 Total subtractions (add lines 9 through 14 and 15d) .......................................... 16 17 Total adjustment (subtractDRAFTline 16 from line 8) ..............................................08-01-2024 17 |