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Schedule                                                          Computation of
                                                 Wisconsin Taxable Income for
         ESBT                                    Electing Small Business Trusts                                                          2024
               Wisconsin
         Department of Revenue                         Include with your Wisconsin Form 2
Name of trust                                                                                                                     Trust’s federal EIN

                                                                               (a)            (b)                                                    (c)
                                                                            Federal ESBT      Wisconsin ESBT                             Non-Wisconsin ESBT
 Part I  Computation of Wisconsin ESBT Income                                  Amount         Amount                                                 Amount
1  Interest income  ...............................               1                                                                    1
2  Dividends   ...................................                2                                                                    2
3  Business income or (loss)  .......................             3                                                                    3
4a  Net short-term capital gain (loss)   .................        4a                                                                   4a
4b  Net long-term capital gain (loss)  ..................         4b                                                                   4b
5  Rents, royalties, etc ............................             5                                                                    5
6  Farm income or (loss)  ..........................              6                                                                    6
7  Ordinary gain or (loss) (Form 4797)   ...............          7                                                                    7
8  Other income (attach schedule)  ..................             8                                                                    8
9  Total income (add lines 1 through 8)  ...............          9                                                                    9
10  Interest expense  ..............................  10                                                                               10
11       Taxes .......................................  11                                    Not deductible for WI                    11
12       Fiduciary fees  ................................  12                                                                          12
13       Charitable deduction  ...........................  13                                                                         13
14       Attorney, accountant, and return preparer fees  .......  14                                                                   14
15  Qualified business income deduction  ..............  15                                   Not deductible for WI                    15
16  Other deductions (attach schedule) ................  16                                                                            16
17  Net operating loss deduction (see instructions) .......  17                                                                        17
18       Total deductions (add lines 10 through  17)  ..........  18                                                                   18
19  ESBT income or (loss) (subtract line 18 from line 9) ...      19                                                                   19

 Part II  Computation of Wisconsin Tax
20       Total Wisconsin ESBT income (from line 19, column b). If line 19, column b is less 
         than zero, enter 0  ..............................................................................                            20
21  Tax on Wisconsin ESBT income. Multiply line 20 by 7.65 percent (.0765) ...................................                         21
22       Nonrefundable ESBT credits Schedule CR, line 34 (see instructions)  ............   22
23       Net tax paid to another state. Include Schedule OS (see instructions)    ......    23
24  Add credits on lines 22 and 23  ....................................................................                               24
25       Net tax on Wisconsin ESBT income (subtract line 24 from line 21). If line 24 is
         greater than line 21, enter             zero. Enter this amount on line 6b, Form 2 ......................................     25

 Part III  Source of Tax-Option (S) Corporation ESBT Income (if there are more than three ESBT income sources, attach a schedule)
Corporation’s legal name                                                                      Corporation’s federal EIN

Corporation’s legal name                                                                      Corporation’s federal EIN

Corporation’s legal name                                                                      Corporation’s federal EIN

I-237 (R. 7-24)