Wisconsin Form 2 - Additions to and Subtractions from Income

Form 2 - Additions to and Subtractions from Income
2023 I-035 Wisconsin Schedule 2M, Form 2 - Additions to and Subtractions from Income (fillable)Save

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Schedule

2M

Wisconsin
Department of Revenue
Name of estate or trust	

Form 2 –
Additions to and Subtractions
from Income
Decedent’s social security number	

Clear

Print

2023
Estate or trust federal EIN

See the instructions for Schedule A of Form 2 for further information on these additions and subtractions.
	 Part I – Additions to Income Taxable to the Estate or Trust (Nondistributable Income)
	 1	 Farmland preservation credit . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 	 1

.00

	 2	 Enterprise zone jobs credit . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 	 2

.00

	 3	 Development zones credit . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 	 3

.00

	 4	 Business moving expenses. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 	 4

.00

	 5	 Reserved for future use. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 	 5

.00

	 6	 Economic development tax credit . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 	 6

.00

	 7	 Jobs tax credit . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 	 7

.00

	 8	 Capital investment credit . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 	 8

.00

	 9	 Community rehabilitation program credit . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 	 9

.00

	 10	 Manufacturing / Agriculture credit . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .  	 10

.00

	 11	 Business development credit . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .  	 11

.00

	 12	 Federal net operating loss carryover . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .  	 12

.00

	 13	 Passive foreign investment company . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .  	 13

.00

	 14	 Addition for certain expenses paid to related entities . . . . . . . . . . . . . . . . . . . . . . .  	 14

.00

	 15	 Lump-sum distribution . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .  	 15

.00

	 16	 Transitional adjustments . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .  	 16

.00

	 17	 Distributive share of pass-through entity adjustments . . . . . . . . . . . . . . . . . . . . . .  	 17

.00

	 18	 Adjustment to ordinary gain or loss reported on federal Form 4797 . . . . . . . . . . . .  	 18

.00

	 19	 Addition for difference in federal and Wisconsin basis of assets . . . . . . . . . . . . . .  	 19

.00

	20	 ABLE accounts . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .  	 20

.00

	 21	 Electronics and information technology manufacturing zone credit . . . . . . . . . . . .  	21

.00

	22	 Add lines 1 through 21. Resident estates and trusts fill in on line 5, COL. 2, of
Schedule A of Form 2 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .  	 22

.00

	Part-year and nonresident estates and trusts must use the additions from Part I to complete Part I of Schedule NR.

I-035 (R. 8-23)

2023 Schedule 2M
Name of estate or trust	

Page 2 of 2
Decedent’s social security number	

Estate or trust federal EIN

	Part II – Subtractions from Income Taxable to the Estate or Trust (Nondistributable Income)
	23	 Farm loss carryover . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .  	 23

.00

	24	 Recoveries of federal itemized deductions . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .  	 24

.00

	25	 Wisconsin net operating loss carryforward . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .  	 25

.00

	26	 Retirement funds . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .  	 26

.00

	27	 Amounts not taxable by Wisconsin . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .  	 27

.00

	28	 Repayment of income previously taxed . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .  	 28

.00

	29	 Subtraction for certain expenses paid to related entities . . . . . . . . . . . . . . . . . . . .  	 29

.00

	30	 Interest, rental payments, intangible expenses, and management fees, reported
		 as income by a related entity . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .  	 30

.00

	 31	 Transitional adjustments . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .  	 31

.00

	32	 Distributive share of pass-through entity adjustments . . . . . . . . . . . . . . . . . . . . . .  	 32

.00

	33	 Adjustment to ordinary gain or loss reported on federal Form 4797 . . . . . . . . . . . .  	 33

.00

	34	 Subtraction for difference in federal and Wisconsin basis of assets . . . . . . . . . . . .  	 34

.00

	35	 ABLE accounts . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .  	35

.00

	36	 Add lines 23 through 35. Resident estates and trusts fill in on line 11, COL. 2, of
		 Schedule A of Form 2 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .  	 36

.00

	Part-year and nonresident estates and trusts must use the subtractions from Part II to complete Part I of Schedule NR.

Extracted from PDF file 2023-wisconsin-schedule-2m.pdf, last modified August 2015

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More about the Wisconsin Schedule 2M Corporate Income Tax TY 2023

We last updated the Form 2 - Additions to and Subtractions from Income in February 2024, so this is the latest version of Schedule 2M, fully updated for tax year 2023. You can download or print current or past-year PDFs of Schedule 2M 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
Schedule CC	Request for a Closing Certificate for Fiduciaries
Form 2	Wisconsin Fiduciary Income Tax for Estates or Trusts Tax Return
Schedule 5K-1	Tax-Option (S) Corporation Shareholder's Share of Income, Deductions, Credits, etc. Tax Credit
Form 4	Wisconsin Non-Combined Corporation Franchise or Income Tax Return Tax Return
Form 5S	Form 5S Wisconsin Tax-Option (S) Corporation Franchise or Income Tax Return Tax Return

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 2M 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 2M

We have a total of nine past-year versions of Schedule 2M in the TaxFormFinder archives, including for the previous tax year. Download past year versions of this tax form as PDFs here:

2023 Schedule 2M

2023 I-035 Wisconsin Schedule 2M, Form 2 - Additions to and Subtractions from Income (fillable)

2022 Schedule 2M

2022 I-035 Wisconsin Schedule 2M, Form 2 - Additions to and Subtractions from Income

2021 Schedule 2M

2021 I-035 Wisconsin Schedule 2M, Form 2 - Additions to and Subtractions from Income (fillable)

2019 Schedule 2M

2019 I-035 Wisconsin Schedule 2M, Form 2 - Additions to and Subtractions from Income

2018 Schedule 2M

2018 I-035 Wisconsin Schedule 2M, Form 2 - Additions to and Subtractions from Income

2017 Schedule 2M

2017 I-035 Wisconsin Schedule 2M - Form 2 - Additions to and Subtractions from Income

2016 Schedule 2M

2016 I-035 Wisconsin Schedule 2M, Form 2 - Additions to and Subtractions from Income

2015 Schedule 2M

2015 I-035 Wisconsin Schedule 2M, Form 2 - Additions to and Subtractions from Income (fillable)

Form 2 - Additions to and Subtractions from Income | Fill-In Form

2013 Schedule 2M

2013 I-035 Wisconsin Schedule 2M, Form 2 - Additions to and Subtractions from Income (fillable)

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