Enlarge image
1 1
2 4 6 8 10 12 14 16 18 20 22 24 26 28 30 32 34 36 38 40 42 44 46 48 50 52 54 56 58 60 62 64 66 68 70 72 74 76 78 80 82 84 86
3 3
4 NEAR FINAL DRAFT 8/1/24 4
5 5
6 *241841*6
7 2024 Schedule M1RCR, Credit for Tax Paid to Wisconsin 7
8 8
9 9
10 TAXPAYER’S 1ST NAME,INXXXX TAXPAYER’S LAST NAMEXXXXXXXXXXXX 999999999 10
11 Your First Name and Initial Last Name Social Security Number 11
12 12
13 Complete this schedule if you paid state income tax to Minnesota and Wisconsin on the same income while a resident of Minnesota. If 13
14 you paid income tax to other states or Canadian provinces, complete Schedule M1CR, Credit for Income Tax Paid to Another State. 14
15 To be eligible for this credit, all of these must apply: 15
16 • You were a full-year or part-year Minnesota resident in 2024 16
17 • You paid 2024 state income tax to both Minnesota and Wisconsin on the same income 17
18 • You were a Minnesota resident when both states taxed the same income 18
19 19
20 X Check this box if you are claiming a credit for non-composite taxes paid by a pass-through entity (see instructions). 20
21 21
22 X Check this box if you are claiming a credit for composite tax paid by a pass-through entity (see instructions) . 22
23 23
24 Round amounts to the 24
25 Full-Year Residents and Part-Year Residents nearest whole dollar. 25
26 1 Amount of adjusted gross income you received while 26
27 a Minnesota resident that was taxed by Wisconsin (see instructions) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 1 12345678 27
28 28
29 2 Your adjusted gross income adjusted by U .S . bond interest and bonds of another state(see instructions) . . . . . . . . 2 12345678 29
30 3 Divide line 1 by line 2 . Enter the result as a decimal (carry to 30
31 five decimal places; if line 1 is more than line 2, enter 1.00000) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .3. . 1.12345 31
32 4 Complete the lines below to determine your Minnesota tax after credits. 32
33 a Tax from line 13 of Form M1 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 4a 12345678 33
34 34
35 b Add lines 1-2 and 4-9 of Schedule M1C . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 4b 12345678 35
36 36
37 Subtract line 4b from line 4a (if result is zero or less, enter 0) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 4 12345678 37
38 38
39 5 Multiply line 4 by line 3 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 5 12345678 39
40 6 From your Wisconsin Form 1NPR, enter the income tax amount before 40
41 you subtract any tax withheld or estimated tax payments (see instructions) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 6 12345678 41
42 7 Full-year residents : Enter amount from line 5 or line 6, whichever is less . Also include on line 3 of Schedule M1C . 42
43 Part-year residents: Complete the worksheet in the instructions. Do not enter more than the amount on line 5 . . . 7 12345678 43
44 44
45 8 Subtract line 7 from line 6 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 8 12345678 45
46 9 Amount included on line 1 that is from wages or personal service income received 46
47 while a Minnesota resident that was taxed by Wisconsin . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 9 12345678 47
48 48
49 10 Divide line 9 by line 1 (carry to five decimal places; if line 9 is more than line 1, enter 1.00000) . . . . . . . . . . . . . . . 10. 1 . 12345 49
50 11 Full-year residents: Multiply line 8 by line 10. Enter the result here and line 6 of Schedule M1REF. 50
51 Part-year residents: Complete the worksheet in the instructions. 51
52 Enter the result here and line 6 of Schedule M1REF . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 11 12345678 52
53 53
54 54
55 You must include this schedule with your Form M1. 55
56 56
57 57
58 58
59 59
60 60
61 61
62 62
63 9995 63
2 4 6 8 10 12 14 16 18 20 22 24 26 28 30 32 34 36 38 40 42 44 46 48 50 52 54 56 58 60 62 64 66 68 70 72 74 76 78 80 82 84 86
65 65