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 Schedule
                                                 Disregarded
                DE                               Entity Schedule
 Wisconsin Department                                                                                     2024
                                 File with Wisconsin Form 1, 1NPR, 2, 3, 4, 4T, 5S, or 6
    of Revenue
Name of Disregarded Entity Owner                                                        Identifying Number

Disregarded Entities:

                                 Name of Disregarded Entity                             FEIN or SSN

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IC-450 (R. 6-24)

                        Instructions for 2024 Schedule DE

Purpose of Schedule DE                               Exception:  Some corporations may be 
                                                     disregarded entities.  For example, a qualified 
Schedule DE informs the department of entities       subchapter  S subsidiary  is a disregarded 
you own that are disregarded  as separate            entity under the Internal Revenue  Code 
entities in the filing of your 2024 tax return.      wholly owned by another S corporation.

Who is required to file Schedule DE?                 The owner of a disregarded entity reports the 
                                                     income of the disregarded entity on the owner's 
An  individual,  estate,  trust,  partnership,  tax- return. If an entity is disregarded as a separate 
option (S) corporation, limited liability company    entity for federal income tax purposes, it is also 
(LLC),  or  corporation  filing  a  2024  Wisconsin  disregarded as a separate entity for Wisconsin 
return must complete and submit Schedule             income tax purposes.
DE if  they are the owner of  an entity that  is 
disregarded for income tax purposes.                 The most common disregarded  entity is a 
                                                     single-member  limited liability company (LLC) 
What is a disregarded entity?                        that  reports  its  income on its  owner's return.  
                                                     An  example  is  an  LLC  wholly  owned  by  an 
A disregarded entity is an entity that:              individual and the income of the LLC is reported 
                                                     on Schedule C of the individual's  Form 1040 
•  has a single owner,                               federal tax return.
 
•  is not organized as a corporation,                Additional information

•  has  not  elected  to  be  taxed  as  a  separate For more information, contact any Department 
 entity for federal tax purposes, and                of Revenue office or:

•  has business income or ownership of a pass-       •  Call (608) 266-2772
 through entity
                                                     •  Email: DORFranchise@wisconsin.gov

 Applicable Laws and Rules
This document provides statements or 
interpretations of the following provisions of 
Wisconsin Statutes and Administrative Rules in 
effect as of June 14, 2024: chs. 71, Wis. Stats. 
and chs. Tax 1, 2 and 3 Wis. Adm. Code.
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