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)