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2023 Schedule JT Page 2 of 2
claim the credit, but the credit amount attributable to Special Instructions for Pass-Through Entities:
the entity’s business operations passes through to • Tax-option (S) corporations, partnerships,
the beneficiaries partners, members or shareholders. Prorate the
and LLCs treated as partnerships:
No credit is allowed unless the claimant satisfies the jobs tax credit on line 5 among the shareholders,
following requirements: partners, or members. Show the credit for
• The claimant is certified by the WEDC. each shareholder on Schedule 5K-1 and for
each partner or LLC member on Schedule
• The claimant has received from the WEDC notice 3K-1. Caution: A tax-option (S) corporation or
of eligibility to receive tax benefits that reports the partnership that makes an election to claim the
amount of tax benefit for which the claimant is credit at the entity level may not pass through
eligible. the credit to its shareholders or partners on
The credit is based on wages paid to an eligible Schedules 5K-1 or 3K-1.
employee and costs incurred to undertake training • Fiduciaries: Complete lines 5a and 5b.
activities.
Line 5a: Fiduciaries - Prorate the credit from
Credit is Income line 5 between the entity and its beneficiaries in
proportion to the income allocable to each. Show the
The credit you compute on Schedule JT is income
beneficiaries’ portion of the credit on line 5a. Show
and must be reported on your Wisconsin franchise
the credit for each beneficiary on Schedule 2K-1.
or income tax return in the year computed.
Line 5b: Fiduciaries - Subtract line 5a from line 5.
Specific Line Instructions This is the estate or trusts portion of the credit. Enter
Line 1: Enter the amount of wage tax benefits the amount of credit from line 5b on the appropriate
reported on the notice of eligibility received from line of Schedule CR.
the WEDC. Required Attachments to Return
Line 2: Enter the amount awarded by the WEDC for
You must include the following information with your
costs incurred to undertake training activities.
Wisconsin franchise or income tax return:
Line 4: Enter the amount of jobs tax credit
• Schedule JT
passed through from tax-option (S) corporations,
partnerships, LLCs treated as partnerships, estates, • A copy of your certification to claim tax benefits
or trusts. The pass-through credit is shown on issued by WEDC.
Schedule 5K-1 for shareholders of tax-option (S)
corporations, Schedule 3K-1 for partners and LLC • Notice of eligibility that reports the amount of tax
members, and Schedule 2K-1 for beneficiaries of benefits from WEDC.
estates or trusts. Exception for shareholders, partners, members,
Line 5: This is the total current year jobs tax credit. and beneficiaries: If the credit is received from a
tax-option (S) corporation, partnership, LLC treated
• Enter the amount of credit from line 5 on the as a partnership, estate, or trust, submit a copy of
appropriate line of Schedule CR. Schedule 5K-1, 3K-1, or 2K-1 with Schedule JT
If the claimant is a combined group member, enter instead of the certification to claim tax benefits and
the amount of credit on Form 6, Part III, line 13 notice of eligibility.
instead of Schedule CR. Additional Information
For more information, you may:
Applicable Laws and Rules
This document provides statements or interpretations of • E-mail your question to
the following provisions of Wisconsin Statutes in effect as DORFranchise@wisconsin.gov
of August 29, 2023:DRAFTchs. 71,Wis. Stats. and chs. Tax 1, 2 • Call (608)09-12-2023266-2772 [TTY: Call the Wisconsin
and 3 Wis. Adm. Code. Telecommunications Relay System at 711]
• Send a FAX to (608) 267-0834
• Write to the Audit Bureau, Wisconsin Department
of Revenue, Mail Stop 3-107, PO Box 8906,
Madison WI 53708-8906.
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