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Wisconsin Free Printable 2023 Schedule 3K-1 Partner's Share of Income, Deductions, Credits, etc. for 2024 Wisconsin Partner's Share of Income, Deductions, Credits, etc

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Partner's Share of Income, Deductions, Credits, etc
2023 Schedule 3K-1 Partner's Share of Income, Deductions, Credits, etc.

Schedule 3K-1 Wisconsin Department of Revenue Partner’s Share of Income, Deductions, Credits, etc. For calendar year 2023 or tax year beginning M M D D 2 0 2 3 Y Y Y Y 2023 and ending M M D D 2 0 Y Y Y Y Part I: Information About the Partnership Partnership's Name Partnership's Address Partnership’s FEIN Partnership's City State Partnership’s Zip Code Part II: Information About the Partner If the partner is a disregarded entity or trust, enter the requested information for the taxpayer/owner of the disregarded entity or trust: Partner's Business Name Partner's FEIN Partner's Last Name Partner's First Name Partner's Address Partner's City Partner's SSN M.l. State Partner's Zip Code If the partner is a disregarded entity or trust, enter the partner's information: Name SSN A Type of partner: 1 General partner or LLC member-manager 2 Limited partner or other LLC member B Additional partner information (check all that apply): FEIN D Partner's share of profit, loss, and capital: Beginning 1 Profit . Ending % . % . % . % . % Domestic partner 2 Foreign partner 3 Nonresident partner 1 Nonrecourse . . . . . . . . . . . . . . . . . . E-1 4 Tax-exempt partner 2 Qualified nonrecourse financing . . . . E-2 5 Disregarded entity 3 Recourse . . . . . . . . . . . . . . . . . . . . . E-3 1 Final 3K-1 2 Amended 3K-1 (Include Schedule AR) 3 Election to pay tax at the entity level pursuant to s. 71.21(6)(a), Wis. Stats. 4 A lower-tier entity made an election to pay tax at the entity level pursuant to s. 71.21(6)(a), Wis. Stats., (see instructions) % 3 Capital 1 C Check if applicable: . 2 Loss E Partner's share of liabilities at the year-end: F Partner's capital account analysis: 1 Beginning capital account . . . . . . . F-1 2 Capital contributed during the year . F-2 3 Current year increase (decrease) . . F-3 4 Withdrawals and distributions . . . . . F-4 5 Ending capital account . . . . . . . . . . F-5 G Partner’s state of residence (if a full-year Wisconsin resident, items H, I, J, and K do not apply) . . . . . . . . . . . . G H Check if partner’s Wisconsin amount is determined by apportionment. Apportionment percentage . . . . . . . H I Check if partner’s Wisconsin amount is determined by separate accounting. J Check if the partner is a nonresident and received an approved Form PW-2 to opt out of pass-through entity withholding. K Check if the nonresident partner elected Wisconsin composite income tax be paid by the partnership on a Form 1CNP. Amount of composite income tax paid on behalf of the nonresident partner . . . . . . . . . . . . . . . . . . . . . . . . . K IP-032 (R.8-23) . % 2023 Schedule 3K-1 Partner's Name ID Number Page 2 of 4 Part III Partner’s Share of Current Year Income, Deductions, Credits, and Other Items (a) (b) (c) Distributive share items Federal amount Adjustment (d) Amount under Wis. law 1 Ordinary business income (loss) . . . 1 1 2 Net rental real estate income (loss).. 2 2 3 Other net rental income (loss) . . . . . 3 3 4 Guaranteed payments: a Services . . . . . . . . . . . . . . . . . . . . 4a 4a b Capital . . . . . . . . . . . . . . . . . . . . . 4b 4b c Total (add lines 4a and 4b) . . . . . . 4c 4c 5 Interest income . . . . . . . . . . . . . . . . . 5 5 6 Ordinary dividends . . . . . . . . . . . . . . 6 6 7 Royalties . . . . . . . . . . . . . . . . . . . . . 7 7 8 Net short-term capital gain (loss) . . . 8 8 9 Net long-term capital gain (loss) . . . 9 9 10a Net section 1231 gain (loss) . . . . 10a 10a b Portion of gains on line 10a from sales of farm assets . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 10b 11 Other income (loss) (see instr.): a 11a 11a b 11b 11b c Total (add lines 11a and 11b) . . . . 11c 11c 12 Section 179 deduction . . . . . . . . . 12 12 13 Other deductions (see instr.): a 13a b 13b c Total (add lines 13a and 13b) . . . 13c 13a 13b 13c 14 Self-employment earning (loss) . 14 15 Wisconsin credits: a Schedule . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 15a b Schedule . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 15b c Schedule . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 15c d Schedule . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 15d e Schedule f Schedule g Schedule . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 15e h Schedule . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 15h i . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 15f . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 15g Tax paid to other states (enter postal abbreviation of state) . . . 15i-1 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 15i-1 15i-2 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 15i-2 15i-3 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 15i-3 j Wisconsin tax withheld . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 15j (e) Wis. source amount (see instructions) 2023 Schedule 3K-1 Partner's Name ID Number (a) (b) (c) Distributive share items Federal amount Adjustment Page 3 of 4 (d) Amount under Wis. law 16 Schedule K-3 is attached if checked (see instructions) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 16 17 Alternative minimum tax items: (e) Wis. source amount (see instructions) a 17a b 17b 18a Tax-exempt interest income . . . 18a 18a b Other tax-exempt income . . . . . 18b 18b c Nondeductible expenses (list): 1 18c-1 18c-1 2 18c-2 18c-2 3 Total (add lines 18c-1 and 18c-2) 18c-3 19 Distributions: 18c-3 a Cash and marketable securities . 19a 19a b Distributions of other property . 19b 19b 20 Other information: a Investment income . . . . . . . . . . . 20a 20a b Investment expenses . . . . . . . . . 20b 20b c Other items and amounts (attach schedule) . . . . . . . . . . . 20c 20c 21 Foreign taxes paid or accrued . . . 21 21 22a Related entity expense addback . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 22a b Related entity expense allowable . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 22b 23 Income (loss) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 23 24 Gross income (before deducting expenses) from all activities . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 24 Part IV Partner’s Share of Apportionment Factors (Does not apply to a resident estate, trust or individual partner) Wisconsin 25 Wisconsin single sales factor method (do not complete lines 26 through 28) . . . . . . . . . . . . . . . 25 Multiple factor method (do not complete line 25): 26 First factor (indicate factor used): 26 27 Second factor (indicate factor used): 27 28 Third factor (indicate factor used): 28 Total company 2023 Schedule 3K-1 Partner's Name ID Number Page 4 of 4 Part V Schedule 3K-1 - Partner’s Share of Additions and Subtractions Additions: 1 State taxes accrued or paid . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 1 2 Related entity expenses . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 2 3 Expenses related to nontaxable income . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 3 4 Section 179, depreciation, amortization difference (attach schedule) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 4 5 Amount by which the federal basis of assets disposed of exceeds the Wisconsin basis (attach schedule) . . . . 5 6 Total additions for certain credits computed: a Business development credit . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 6a b Community rehabilitation program credit . . . . . . . . . . . . . . . . . . . . . . . . 6b c Development zones credits . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 6c d Economic development tax credit . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 6d e Electronics and information technology manufacturing zone credit . . . . 6e f Employee college saving account contribution credit . . . . . . . . . . . . . . 6f g Enterprise zone jobs credit . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 6g h Jobs tax credit . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 6h i Manufacturing and agriculture credit (computed in 2022) . . . . . . . . . . . 6i j Reserved for future use . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 6j k Research credits . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 6k l Total credits (add lines 6a through 6k) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 6l 7 Other additions: a 7a b 7b c 7c d Total other additions (add lines 7a through 7c) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 7d 8 Total additions (add lines 1 through 5 and 6l and 7d) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 8 Subtractions: 9 Related entity expenses eligible for subtraction . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 9 10 Income from related entities whose expenses were disallowed (obtain Schedule RT-1 from related entity and include with your return) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 10 11 Section 179, depreciation/amortization of assets (attach schedule) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 11 12 Amount by which the Wisconsin basis of assets disposed of exceeds the federal basis (attach schedule) . . . . 12 13 Federal wage credits . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 13 14 Federal research credit expenses . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 14 15 Other subtractions: a 15a b 15b c 15c d Total other subtractions (add lines 15a through 15c) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 15d 16 Total subtractions (add lines 9 through 14 and 15d) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 16 17 Total adjustment (subtract line 16 from line 8) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 17
Extracted from PDF file 2023-wisconsin-schedule-3k-1.pdf, last modified September 2023

More about the Wisconsin Schedule 3K-1 Corporate Income Tax TY 2023

We last updated the Partner's Share of Income, Deductions, Credits, etc in February 2024, so this is the latest version of Schedule 3K-1, fully updated for tax year 2023. You can download or print current or past-year PDFs of Schedule 3K-1 directly from TaxFormFinder. You can print other Wisconsin tax forms here.


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Other Wisconsin Corporate Income Tax Forms:

TaxFormFinder has an additional 88 Wisconsin income tax forms that you may need, plus all federal income tax forms.

Form Code Form Name
Form 2 Wisconsin Fiduciary Income Tax for Estates or Trusts
Schedule CC Request for a Closing Certificate for Fiduciaries
Form 3 Form 3 Partnership Return
Form 4 Wisconsin Non-Combined Corporation Franchise or Income Tax Return
Form 4H Wisconsin Corporation Declaration of Inactivity

Download all WI tax forms View all 89 Wisconsin Income Tax Forms


Form Sources:

Wisconsin usually releases forms for the current tax year between January and April. We last updated Wisconsin Schedule 3K-1 from the Department of Revenue in February 2024.

Show Sources >

About the Corporate Income Tax

The IRS and most states require corporations to file an income tax return, with the exact filing requirements depending on the type of company.

Sole proprietorships or disregarded entities like LLCs are filed on Schedule C (or the state equivalent) of the owner's personal income tax return, flow-through entities like S Corporations or Partnerships are generally required to file an informational return equivilent to the IRS Form 1120S or Form 1065, and full corporations must file the equivalent of federal Form 1120 (and, unlike flow-through corporations, are often subject to a corporate tax liability).

Additional forms are available for a wide variety of specific entities and transactions including fiduciaries, nonprofits, and companies involved in other specific types of business.

Historical Past-Year Versions of Wisconsin Schedule 3K-1

We have a total of eleven past-year versions of Schedule 3K-1 in the TaxFormFinder archives, including for the previous tax year. Download past year versions of this tax form as PDFs here:


2023 Schedule 3K-1

2023 Schedule 3K-1 Partner's Share of Income, Deductions, Credits, etc.

2022 Schedule 3K-1

2022 Schedule 3K-1 Partner's Share of Income, Deductions, Credits, etc.

2020 Schedule 3K-1

2020 Schedule 3K-1 Partner's Share of Income, Deductions, Credits, etc.

2019 Schedule 3K-1

2019 Schedule 3K-1 Partner's Share of Income, Deductions, Credits, etc.

2018 Schedule 3K-1

2018 Schedule 3K-1 Partner's Share of Income, Deductions, Credits, etc.

2017 Schedule 3K-1

2017 Schedule 3K-1 Partner's Share of Income, Deductions, Credits, etc.

2016 Schedule 3K-1

2016 Schedule 3K-1 Partner's Share of Income, Deductions, Credits, etc.

Partner’s Share of Income, Deductions, Credits, etc. 2015 Schedule 3K-1

2015 IP-032 Schedule 3K-1 Partner's Share of Income, Deductions, Credits, etc. (fillable)

Partner's Share of Income, Deductions, Credits, etc. | Instructions | Fill-In Form 2013 Schedule 3K-1

2013 IP-032 Schedule 3K-1 Partner's Share of Income, Deductions, Credits, etc. (fillable)

IP032; IP 032 2012 Schedule 3K-1

2012 IP-032 Schedule 3K-1 Partner's Share of Income, Deductions, Credits, etc.

Schedule 3K-1 2010 2011 Schedule 3K-1

2010 Schedule 3K-1 - Partner's Share of Income, Deductions, Credits, etc. (pdf fillable format)


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