- 1 -
|
Schedule
Wisconsin Historic Rehabilitation Credits
HR
Wisconsin Department File with Wisconsin Form 1, 1NPR, 2, 3, 4, 4T, 5S, or 6
of Revenue 2024
Name Identifying Number
Address of Rehabilitated Property
City State Zip Code
Part I Supplement to the Federal Historic Rehabilitation Tax Credit
1 Enter adjusted basis in the building on the first day of the rehabilitation period ............. 1 .00
2 Check the box to indicate the election chosen (Note: You must claim the credit at the same time
as for federal purposes, unless the credit is transferred from another taxpayer):
a This credit is claimed based on when the rehabilitation work was completed ............ 2a
b This credit is claimed based on when the expenditures are paid. ..................... 2b
c Enter the date on which the 24- or 60-month measuring period begins ................. 2c
M M D D Y Y Y Y
d Enter the date on which the 24- or 60-month measuring period ends .................. 2d
M M D D Y Y Y Y
e Enter the total qualifying expenditures incurred on the project to date ................. 2e .00
f Enter the qualified rehabilitation expenditures on which the credit is computed for the current
taxable year .............................................................. 2f .00
3 Enter 20% of the amount on line 2f, round to the nearest dollar. Include WEDC certification . 3 .00
4 Enter 20% of the amount on line 3; if the transition rule applies, enter the amount from line 3 . 4 .00
5 Historic rehabilitation credit passed through from other entities:
5a Entity Name
FEIN Amount 5a .00
5b Entity Name
FEIN Amount 5b .00
5c Total pass through credits from additional schedule. 5c .00
5d Total credits (add lines 5a through 5c) ............................................ 5d .00
6 Fill in the amount of credit transferred from other taxpayers in 2024 ..................... 6 .00
7 Add lines 4, 5d, and 6. This is your 2024 credit ..................................... 7 .00
7a Fiduciaries - enter the amount of credit allocated to beneficiaries ....................... 7a .00
7b Fiduciaries - subtract line 7a from line 7 ........................................... 7b .00
8 Carryover of unused supplement to the federal historic rehabilitation tax credit. Include
Schedule CF ...............................................................DRAFT 09-03-20248 .00
9 Add lines 7 and 8 (lines 7b and 8 if fiduciary). ...................................... 9 .00
10 Fill in the amount of credit transferred to other taxpayers in 2024 ....................... 10 .00
11 Subtract line 10 from line 9. This is the available supplement to the federal historic rehabilitation
tax credit. Include Schedule CF if the credit was not used in full ....................... 11 .00
IC-034 (R. 8-24)
|