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Wisconsin Wisconsin Fiduciary Income Tax for Estates or Trusts
Extracted from PDF file 2023-wisconsin-form-2.pdf, last modified September 2015Wisconsin Fiduciary Income Tax for Estates or Trusts
Save Tab to navigate within form. Use mouse to check applicable boxes, press spacebar or press Enter. Form 2 DO NOT STAPLE Use BLACK INK Print Wisconsin fiduciary income tax for estates or trusts Clear 2023 For calendar year 2023 or tax year beginning M M D D 2 0 2 3 Y Y Y and ending Y ESTATES ONLY – Decedent’s legal last name Decedent’s legal first name ESTATES ONLY – Decedent’s social security number Estate’s federal EIN M M D D 2 0 Y Y Y Y M.I. TRUSTS ONLY – Legal name Trust’s federal EIN Name of personal representative, petitioner, or trustee County of jurisdiction (Name Only) Address of personal representative, petitioner, or trustee City State Schedules 2K-1 issued Zip code Schedules 2K-1 issued to nonresidents Probate case number Check all that apply Electing small business trust Check if applicable Initial return Final return Amended return Name change Qualified subchapter S trust Qualified funeral trust Date trust or bankruptcy estate was created or date of decedent’s death M M If this is a trust return, is the trust Revocable or D D Y Y Y Y Irrevocable? If a trust, is the grantor a resident of Wisconsin? . . . . . . . . . . . . . . . . . . . . Yes No Has Form W706 been filed? . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Yes No Does the estate or trust own any disregarded entities? (If yes, include Schedule DE) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Yes No A lower-tier entity made an election to pay tax at the entity level pursuant to s. 71.21(6)(a) or 71.365(4m)(a), Wis. Stats., (see instructions) . . . . . . . . Yes No Nonresident: trust Part-year resident: estate trust Bankruptcy estate Inter vivos trust Testamentary trust Special Conditions Address where decedent lived at time of death estate Section 645 election Zip code Decedent’s estate Paperclip check or money order here Print numbers like this Not like this NO COMMAS; NO CENTS 1 Federal taxable income of fiduciary (see instructions) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 1 .00 2 Additions (from Schedule A or NR) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 2 .00 3 Add lines 1 and 2 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 3 .00 4 Subtractions (from Schedule A or NR) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 4 .00 5 Wisconsin taxable income of fiduciary (subtract line 4 from line 3) . . . . . . . . . . . . . . . . . . . . . 5 .00 6a Tax on income from line 5 (see tax table in the instructions) . . . . 6a .00 6b ESBT tax (enter amount from line 23 of Schedule ESBT) . . . . . . 6b .00 6c Gross tax (add lines 6a and 6b) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 6c .00 7 Nonrefundable credits Schedule CR, line 34 . . . . . . . . . . . . . . . . 7 .00 8 Net tax paid to another state. Include Schedule OS . . 8 .00 9 Add credits on lines 7 and 8 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 9 .00 10 Subtract line 9 from line 6c. If line 9 is larger than line 6c, enter zero (0) . . . . . . . . . . . . . . 10 .00 I-020 (R. 12-23) Page 2 2023 Form 2 of 4 NO COMMAS; NO CENTS 11a Enter amount from line 10 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 11a .00 11b Sales and use tax due on Internet, mail order, or other out-of-state purchases. If you certify that no sales or use tax is due, check here . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 11b .00 11c Penalty on underpayment of tax from inconsistent estate basis reporting . . . . . . . . . . . . . . . 11c .00 11d Add lines 11a, 11b and 11c . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 11d .00 12 Wisconsin income tax withheld (see instructions) . . . . . . . . . . . . 12 .00 13 2023 estimated payments and amount applied from 2022 return . 13 .00 14 Farmland preservation credit. a Schedule FC, line 17 . . . . . . . . . 14a .00 .00 b Schedule FC‑A, line 13 . . . . . . . 14b 15 Refundable credits from Schedule CR, line 40 . . . . . . . . . . . . . . 15 .00 16 AMENDED RETURN ONLY – amount paid with the original return 16 .00 17 Add lines 12 through 16 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 17 .00 18 AMENDED RETURN ONLY – refund from original return less amount applied to 2024 estimated tax . . . . . . . . . . . . . . . . . . . . . 18 .00 19 Subtract line 18 from line 17 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 19 .00 20 If line 19 is greater than line 11d, subtract line 11d from line 19 AMOUNT OVERPAID . . . . . . . 20 .00 21 Amount of line 20 to be REFUNDED TO YOU . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 21 .00 .00 22 Amount of line 20 to be applied to your 2024 ESTIMATED TAX . . 22 23 If line 19 is less than line 11d, subtract line 19 from line 11d AMOUNT UNDERPAID . . . . . . . . 23 .00 24 Underpayment interest. Fill in exception code – See Schedule U . . . . . . . . . . . . . . . 24 .00 25 Add lines 23 and 24. This is the AMOUNT DUE . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 25 .00 Third Do you want to allow another person to discuss this return with the department (see page 8)? Party Phone Designee’s Designee name no. ( ) Yes Complete the following. No Personal identification number (PIN) Paper clip copies of federal Form 1041 and schedules to this return. Also paper clip copies of Wisconsin Schedules 2K-1, 3K-1, 5K-1, 2M, 2WD, NR, ESBT, and other documents, if required. A request for a closing certificate for fiduciaries must be made separately on Schedule CC. See instructions. I, as fiduciary, declare under penalties of law that I have examined this return (including accompanying schedules, statements, and copy of federal income tax return) and to the best of my knowledge and belief it is true, correct, and complete. Your signature Date Daytime phone ( ) PERSON PREPARING RETURN (individual and firm) if other than the preceding signer Name Signature of preparer Date Daytime phone ( ) Page 3 2023 Form 2 Pass-Through Entity Representative Representative’s Name (see instructions) Contact’s Name (see instructions) Email address Phone number Mailing address Apt. no. ( ) City Mail your return to: Wisconsin Department of Revenue If tax due......................................PO Box 8918, Madison WI 53708-8918 If refund or no tax due.................PO Box 8965, Madison WI 53708-8965 State Zip code of 4 Page 4 2023 Form 2 Name(s) shown on Form 2 SCHEDULE A – Additions and Subtractions of 4 Decedent’s social security number Estate’s / Trust’s FEIN estates and trusts only. Part-year and nonresident { Resident } estates and trusts must include Schedule NR. COL. 1-Distributable Income (Report on Schedule 2K-1) ADDITIONS: COL. 2 Nondistributable Income 1 Adjustment from Schedule B of Form 2 . . . . . . . . . . . . . . . . . . . . . . . .. . . . . . . . . . . . . . . . . . . . . . 1 .00 2 Interest (less related expenses) on state and municipal obligations . . 2 .00 .00 3 Deduction for taxes from federal Form 1041 . . . . . . . . . . . . . . . . . . . 3 .00 .00 .00 4 Capital gain/loss adjustment (see instructions) . . . . . . . . . . . . . . . . . .. . . . . . . . . . . . . . . . . . . . . . 4 5 Other additions: COL. 1 – enter total and describe below . . . . . . . . . . . . . . . . . . . . . 5a .00 COL. 2 – enter amount from Part I, line 22, of Schedule 2M . . . . . . . .. . . . . . . . . . . . . . . . . . . . . . 5b .00 6 Add lines 1 through 5 and enter on line 2 of Form 2 . . . . . . . . . . . . . . .. . . . . . . . . . . . . . . . . . . . . . 6 .00 SUBTRACTIONS: 7 Adjustment from Schedule B of Form 2 . . . . . . . . . . . . . . . . . . . . . . . .. . . . . . . . . . . . . . . . . . . . . . 7 .00 .00 .00 8 Interest (less related expenses) on obligations of the United States . 8 .00 9 Capital gain/loss adjustment (see instructions) . . . . . . . . . . . . . . . . . .. . . . . . . . . . . . . . . . . . . . . . 9 10 Refunds of state and local taxes (see instructions) . . . . . . . . . . . . . 10 .00 11 Other subtractions: COL. 1 – enter total and describe below . . . . . . . . . . . . . . . . . . . . . 11a .00 .00 COL. 2 – enter amount from Part II, line 36, of Schedule 2M . . . . . . . .. . . . . . . . . . . . . . . . . . . . . 11b .00 12 Add lines 7 through 11 and enter on line 4 of Form 2 . . . . . . . . . . . . . .. . . . . . . . . . . . . . . . . . . . . 12 .00 SCHEDULE B – Adjustments to Convert 2023 Federal Taxable Income to the Amount Allowable for Wisconsin (see instructions on page 13) Adjustments for 2023 NATURE OF ADJUSTMENT – Include a schedule to fully explain. COL. 1 – Distributable (Enter on Schedule 2K‑1) 1 TOTAL from included schedule . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 1 COL. 2 – Nondistributable (Enter on Schedule A*) .00 * If a positive number, enter on line 1. If a negative number, enter on line 7 as a positive number. .00 Note: The figures in COL. 1 and 2 must be used by part-year and nonresident estates and trusts to complete Part I of Schedule NR. SCHEDULE C – Adjustments to Capital Gains/Losses Because Capital Assets Disposed of Had Different Basis for Wisconsin and Federal Income Tax Purposes 1 Description of capital assets held ONE YEAR OR LESS and reason for difference in basis A. Federal Adjusted Basis B. Wisconsin Adjusted Basis C. Difference a 1a .00 .00 .00 b 1b .00 .00 .00 2 TOTAL – Combine amounts in column C. Fill in here and on line 6 of Wisconsin Schedule 2WD . . . . . . . . 2 .00 3 Description of capital assets held MORE THAN ONE YEAR and reason for difference in basis A. Federal Adjusted Basis B. Wisconsin Adjusted Basis C. Difference a 3a .00 .00 .00 b 3b .00 .00 .00 4 TOTAL – Combine amounts in column C. Fill in here and on line 15 of Wisconsin Schedule 2WD . . . . . . . . 4 .00 I-020ai
2023 I-020 Form 2 Wisconsin fiduciary income tax for estates or trusts (fillable)
More about the Wisconsin Form 2 Corporate Income Tax Tax Return TY 2023
We last updated the Wisconsin Fiduciary Income Tax for Estates or Trusts in February 2024, so this is the latest version of Form 2, fully updated for tax year 2023. You can download or print current or past-year PDFs of Form 2 directly from TaxFormFinder. You can print other Wisconsin tax forms here.
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TaxFormFinder has an additional 88 Wisconsin income tax forms that you may need, plus all federal income tax forms. These related forms may also be needed with the Wisconsin Form 2.
| Form Code | Form Name |
|---|---|
| Form A-222 | Power of Attorney and Instructions |
| Schedule 2K-1 | Beneficiary's Share of Income, Deductions, etc. |
| Form PW-2 | Wisconsin Nonresident Partner, Member, Shareholder, or Beneficiary Withholding Exemption Affidavit |
| Form A-2 | Wisconsin Apportionment Data for Multiple Factor Formulas |
| Schedule 2440W | Disability Income Exclusion |
| Schedule 2M | Form 2 - Additions to and Subtractions from Income |
| Schedule WD (Form 2) | Capital Gains and Losses |
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 Form 2 from the Department of Revenue in February 2024.
Form 2 is a Wisconsin Corporate Income Tax form. Like the Federal Form 1040, states each provide a core tax return form on which most high-level income and tax calculations are performed. While some taxpayers with simple returns can complete their entire tax return on this single form, in most cases various other additional schedules and forms must be completed, depending on the taxpayer's individual situation, to create a complete income tax return package.
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 Form 2
We have a total of eleven past-year versions of Form 2 in the TaxFormFinder archives, including for the previous tax year. Download past year versions of this tax form as PDFs here:
2023 Form 2
2023 I-020 Form 2 Wisconsin fiduciary income tax for estates or trusts (fillable)
2022 Form 2
2022 I-020 Form 2 Wisconsin fiduciary income tax for estates or trusts (fillable)
2020 Form 2
2020 I-020 Form 2 Wisconsin fiduciary income tax for estates or trusts (fillable)
2019 Form 2
2019 I-020 Form 2 Wisconsin fiduciary income tax for estates or trusts (fillable)
2018 Form 2
2018 I-020 Form 2 Wisconsin fiduciary income tax for estates or trusts
2017 Form 2
2017 I-020 Form 2 Wisconsin fiduciary income tax for estates or trusts
2016 Form 2
2016 I-020 Form 2 Wisconsin fiduciary income tax for estates or trusts
2015 Form 2
2015 I-020 Form 2 Wisconsin fiduciary income tax for estates or trusts (fillable)
2013 Form 2
2013 I-020 Form 2 Wisconsin fiduciary income tax for estates or trusts
2012 Form 2
2012 I-020 Form 2 Wisconsin fiduciary income tax for estates or trusts
2011 Form 2
2011 Wisconsin Fiduciary Income Tax Return (for Estates or Trusts) (pdf fillable format)
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