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2023 Schedule CR Instructions
General Instructions
Further information on these credits can be found on the schedule referred to on Schedule CR. For example, information
on the agriculture credit will be found on Schedule MA-A.
IMPORTANT The various schedules also indicate what items must be included with the tax return. Be sure to include:
• Schedule CR
• Schedule CF for carryforward of unused credits
• The appropriate listed schedule
• Any additional required information. For example, programs administered by the Wisconsin Economic Development
Corporation (WEDC) require certification by that corporation before claiming credits. Such certification must be included.
NOTE When completing Parts I and II, on the appropriate line of column A, fill in the amount of credit that you have available
for 2023 for each credit. In column B, fill in the amount of credit that you are actually using to offset tax for 2023.
If a credit is no longer available (only a carryforward of the credit is allowed), the amounts in Columns A and B of Schedule
CR will be the same as the amounts in Columns (d) and (e) of Schedule CF.
CAUTION Individuals and Fiduciaries – When claiming the manufacturing or agriculture credit on line 14 or 15 of Schedule
CR, the amount of credit available for 2023 to enter in column A is the amount from line 20 of the Schedule MA-A or MA-
M. The amount of credit used for 2023 to enter in column B cannot be more than the amount on line 22 of Schedule MA-A
or MA-M.
Various options are available when determining the amount of credit to be used each year. Except for the manufacturer’s
sales tax credit, which must be used as determined on Schedule MS, you may choose whether to use all, a portion, or none
of a nonrefundable credit for 2023.
For example, you have a $2,000 research credit and a $4,000 development zones credit available for 2023. The amount of
tax shown on the return is $2,000. You may choose to use (1) all of the $2,000 research credit and none of the development
zones credit or (2) none of the research credit and $2,000 of the development zones credit.
Specific Instructions
Part I – Credits for Individuals, Fiduciaries, and Corporations
Line 34 Add the amounts on lines 26 through 33, columns A and B. Enter the total on line 34, columns A and B. Enter
the amount from line 34, column B, on the line indicated below:
Individuals – Line 18 of Form 1 or line 49 of Form 1NPR
Estates and Trusts – Line 7 of Form 2, line 22 of Schedule ESBT, or line 20 of Form 4T. Caution: Do not include nonrefun-
dable credits related to the tax-option (S) corporation portion of the trust on line 7 of Form 2, the credits must be reported
on line 22 of Schedule ESBT.
Corporations – Line 41 of Schedule CR (enter the amount from line 34, columns A and B, on line 41, columns A and B)
Include Schedule CR and the appropriate schedule for each credit you are claiming with your Form 1, 1NPR, 2,
or 4T.
Line 40 Add the amounts on lines 35 through 39, column B, and enter the total on line 40, column B. Enter the amount
from line 40, column B, on the line indicated below:
Individuals – Line 34 of Form 1 or line 65 of Form 1NPR
Estates and Trusts – Line 15 of Form 2 or line 31 of Form 4T
Corporations – Line 44, column B, of Schedule CR
Include Schedule CR and the appropriate schedule for each credit you are claiming with your Form 1, 1NPR, 2, or
4T.
I-148 (R. 11-23) Wisconsin Department of Revenue
