Wisconsin Wisconsin Venture Capital Credits

Wisconsin Venture Capital Credits
2023 IC-039 Schedule VC Wisconsin Venture Capital Credits (fillable)Save

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VC

Schedule

Print

Wisconsin Venture Capital Credits

2023

File with Wisconsin Form 1, 1NPR, 2, 3, 4, 4T, 5S, or 6

Wisconsin Department
of Revenue

Read instructions before filling in this schedule

Name

Clear

Identifying Number

If you qualify for the angel investment credit, complete Part I. If you qualify for the early stage seed investment credit, complete Part II.
Round Amounts to Nearest Dollar
Part I 	

Angel Investment Credit

1	 Fill in the following information regarding your investments in qualified new business ventures that the Wisconsin Economic
Development Corporation has verified as first eligible for a tax credit in 2023 (attach separate schedules if more space is needed):
Date Investment
Made

1a
1b
1c

Name of Qualified
New Business Venture

M

M

D

D

Y

Y

Y

Y

M

M

D

D

Y

Y

Y

Y

M

M

D

D

Y

Y

Y

Y

Qualified
Investment

Total
Investment

1a

1a

.00 1a

.00

1b

1b

.00 1b

.00

1c

1c

.00 1c

.00

	1d	 Total qualified investments (add lines 1a through 1c). Include WEDC certification  . . . . . . . . . . . . 	1d

.00

2	

Multiply the amount on line 1d by 25% (0.25)  . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 	 2

.00

3	

Fill in the 2023 angel investment credit passed through from angel investment networks:

3a	 Entity Name
Amount 3a

.00

Amount 3b

.00

3c	 Total pass through credits from additional schedule  . . . 	 3c

.00

	

FEIN	

3b	 Entity Name
	

FEIN	

.00

3d	 Total credits (add lines 3a through 3c) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 	 3d
4	

Add lines 2 and 3d. This is your 2023 credit  . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 	 4

.00

5	

Carryover of unused angel investment credit (see instructions). Include Schedule CF . . . . . . . . . . 	5

.00

6		Add lines 4 and 5. This is the available angel investment credit. Include Schedule CF if the credit
was not used in full . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 	 6

.00

To Page 2

IC-039 (R. 8-23)

Name

2023 Schedule VC	

	 Part II	

ID Number

Page 2 of 3

Early Stage Seed Investment Credit

	 7	 Fill in the following information regarding your investments paid to a certified fund manager that the Wisconsin Economic Development Corporation has verified as eligible for a tax credit in 2023 (attach separate schedules if more space is needed):
Date Investment
Made

7a
7b
7c

Name of Certified
Fund Manager

M

M

D

D

Y

Y

Y

Y

M

M

D

D

Y

Y

Y

Y

M

M

D

D

Y

Y

Y

Y

Qualified
Investment

Total
Investment

7a

7a

.00 7a

.00

7b

7b

.00 7b

.00

7c

7c

.00 7c

.00

	 7d	 Total qualified investment (add lines 7a through 7c) Include WEDC certification . . . . . . . . . . .  	7d

.00

	 8	 Multiply line 7d by 25% (0.25) or enter the credit specially allocated to you  . . . . . . . . . . . . . . . .  	 8

.00

	 9	 Fill in the 2023 early stage seed investment credit passed through from other entities:
	 9a	 Entity Name
Amount 9a

.00

Amount 9b

.00

	 9c	 Total pass through credits from additional schedule  . . 	 9c

.00

		

FEIN	

	 9b	 Entity Name
		

FEIN	

	 9d	 Total credits (add lines 9a through 9c) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .  	 9d

.00

10		

Fill in the amount of credit transferred from other taxpayers in 2023 (from Part III page 3) . . . .  	 10

.00

11		

Add lines 8, 9d and 10. This is your 2023 credit (see instructions)  . . . . . . . . . . . . . . . . . . . . . .  	11

.00

	11a	 Fiduciaries - enter the amount of credit allocated to beneficiaries . . . . . . . . . . . . . . . . . . . . . . .  	11a

.00

11b	 Fiduciaries - subtract line 11a from line 11 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 	11b

.00

12		

Carryover of unused early stage seed investment credit. Include Schedule CF  . . . . . . . . . . .  	12

.00

13		

Add lines 11 and 12 (lines 11b and 12 if fiduciary) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .  	 13

.00

14		

Fill in the amount of credit transferred to other taxpayers in 2023 . . . . . . . . . . . . . . . . . . . . . . .  	14

.00

15		 Subtract line 14 from line 13. This is the available early stage seed investment credit. Include
		 Schedule CF if the credit was not used in full . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .  	 15

.00

To Page 3

2023 Schedule VC	

Name

ID Number

Page 3 of 3

	 Part III	 Transfer of Early Stage Seed Investment Credit
	 1	 Fill in the following information regarding the transfer in 2023 by a person eligible to claim the early stage seed investment
credit to a person subject to tax under ch. 71 or subch. III of ch. 76:

1a	 Person Eligible to Claim the Early Stage Seed Investment Credit:
Name
Number and Street
City

State

Zip Code

1b	 Recipient of Transferred Early Stage Seed Investment Credit:
Identifying Number

Name
Number and Street
City

1c	 Transferred Amount	
	

State

.00

Zip Code

Investment Fund Manager Approval Date

Wisconsin Economic Development Corporation Approval Date

M

M

D

D

Y

Y

Y

M

M

D

D

Y

Y

Y

Y

D

D

Y

Y

Y

Y

D

D

Y

Y

Y

Y

Y

2a	 Recipient of Transferred Early Stage Seed Investment Credit:
Identifying Number

Name
Number and Street
City

2b	 Transferred Amount	
	

State

.00

Zip Code

Investment Fund Manager Approval Date

Wisconsin Economic Development Corporation Approval Date

M

M

D

D

Y

Y

Y

M

M

Y

3a	 Recipient of Transferred Early Stage Seed Investment Credit:
Identifying Number

Name
Number and Street
City

3b	 Transferred Amount	
	

State

.00

Zip Code

Investment Fund Manager Approval Date

Wisconsin Economic Development Corporation Approval Date

M

M

D

D

Y

Y

Y

Y

M

M

To Page 1

Extracted from PDF file 2023-wisconsin-schedule-vc.pdf, last modified October 2015

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More about the Wisconsin Schedule VC Corporate Income Tax Tax Credit TY 2023

We last updated the Wisconsin Venture Capital Credits in February 2024, so this is the latest version of Schedule VC, fully updated for tax year 2023. You can download or print current or past-year PDFs of Schedule VC directly from TaxFormFinder. You can print other Wisconsin tax forms here.

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 Tax Return
Schedule CC	Request for a Closing Certificate for Fiduciaries
Form 4	Wisconsin Non-Combined Corporation Franchise or Income Tax Return Tax Return
Schedule 5K-1	Tax-Option (S) Corporation Shareholder's Share of Income, Deductions, Credits, etc. Tax Credit
Form 3	Form 3 Partnership 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 VC from the Department of Revenue in February 2024.

Show Sources >

Schedule VC is a Wisconsin Corporate Income Tax form. States often have dozens of even hundreds of various tax credits, which, unlike deductions, provide a dollar-for-dollar reduction of tax liability. Some common tax credits apply to many taxpayers, while others only apply to extremely specific situations. In most cases, you will have to provide evidence to show that you are eligible for the tax credit, and calculate the amount of the credit to which you are entitled.

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 VC

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

2023 Schedule VC

2023 IC-039 Schedule VC Wisconsin Venture Capital Credits (fillable)

2022 Schedule VC

2022 IC-039 Schedule VC Wisconsin Venture Capital Credits (fillable)

2021 Schedule VC

2021 Schedule VC Angel Investment Credit and Early Stage Seed Investment Credit Instructions

2020 Schedule VC

2020 IC-039 Schedule VC Wisconsin Venture Capital Credits (fillable)

2019 Schedule VC

2019 IC-039 Schedule VC Wisconsin Venture Capital Credits (fillable)

2018 Schedule VC

2018 IC-039 Schedule VC Wisconsin Venture Capital Credits

2017 Schedule VC

2017 IC-039 Schedule VC Wisconsin Venture Capital Credits

2016 Schedule VC

2016 IC-039 Schedule VC Wisconsin Venture Capital Credits

2015 Schedule VC

2015 IC-039 Schedule VC Wisconsin Venture Capital Credits (fillable)

Wisconsin Venture Capital Credits | Instructions

2013 Schedule VC

2013 IC-039 Schedule VC Wisconsin Venture Capital Credits

2012 Schedule VC

2012 IC-039 Schedule VC Wisconsin Venture Capital Credits

2011 Schedule VC

2011 Schedule VC Wisconsin Venture Capital Credits

TaxFormFinder Disclaimer:

While we do our best to keep our list of Wisconsin Income Tax Forms up to date and complete, we cannot be held liable for errors or omissions. Is the form on this page out-of-date or not working? Please let us know and we will fix it ASAP.