Wisconsin Form 3 Partnership Return

Form 3 Partnership Return
2023 Form 3 Wisconsin Partnership Return
Form

3

Wisconsin Partnership Return

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

Due Date: 15th day of 3rd month following close of taxable year.
Name

FEIN

Number and Street

Suite Number

City

State

Number of Partners

Zip (+ 4 digit suffix if known)

Number of Nonresident Partners

Business Activity (NAICS) Code

State of Formation	

and	

Enter abbreviation of
state in box, or if a
foreign country, enter
below.

1	

General partnership	

2	

Limited liability partnership

3	

Limited partnership	

4	

Limited liability company

5	

Other (explain)

Check 	if applicable and see instructions:
B		

If you have an extension of time to file, enter the extended due date

C		

If this is an amended return, include Schedule AR, Explanation of Amended Return

D		

If you are filing a Form 1CNP on behalf of nonresident partners. Note: A separately filed Form PW-1 may also be required.

E		

If you have related entity expenses and are required to file Schedule RT with this return

F		

If this is the first return

G		

If this is the final return

H		

If the partnership is the sole owner of any disregarded entities. Prepare and submit Schedule DE with this return

I		

If the partnership is electing to pay tax at the entity level pursuant to s. 71.21(6)(a), Wis. Stats.

J		

If 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)

K		

If IRS adjustments became final during the year. Enter year(s) reviewed 	

1

Enter year(s) adjusted 	

2

M

M

D

D

Y

Y

Y

Y

Were imputed underpayments from the partnership adjustments assessed to the partnership?	

Yes	

No

L		

If the partnership is electing to claim a credit under s. 71.07 (3q)(c)1.b., (3w)(c)2.b., and/or (3y)(c)1.b., Wis. Stats., at the
entity level. Attach the appropriate Schedule JT, EC, and/or BD, and include the amount of the credit(s) on line 8.

M		

If the partnership reorganized during the tax year, enter type of reorganization (see instructions).

Part I

1	 Partnership entity-level tax (Schedule 3-ET, line 21) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

1

	2	 Amended Return Only – amount previously refunded . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

2

3	 Interest, penalty, and late fee due (see instructions). If you annualized check () the box . . . . . . . . . . 	

3

4	 Add lines 1 through 3. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 	 4
5	 Wisconsin tax withheld. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 	 5
6	 Estimated tax payments less refund from Form 4466W . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

6

7	 Amended Return Only – amount previously paid. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

7

8	 Add lines 5 through 7 (see instructions). . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

8

9	 Amount due. If line 4 is larger than line 8, enter amount owed. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

9

	10	Overpayment. If line 8 is larger than line 4, enter amount overpaid . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 10
	11	 Enter amount of line 10 you want credited to 2024 estimated tax . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 11
	12	 Subtract line 11 from line 10. This is your refund . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 12
IP-030 (R. 08-23)

Y

Y

Y

Fi Sa
le m
El pl
ec e
F
tr o
on rm
ic
al
ly

A	Check  type of entity that is filing this return:

Year
Y

2023 Form 3

Name

ID Number

Page 2 of 4

	13	 Wisconsin property . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 	 13
	14	 Total company property . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 	 14
	15	 Wisconsin payroll . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 	 15
	16	 Total company payroll . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 	 16
	17	 Wisconsin sales . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 	 17
	18	 Total company sales . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 	 18
	19	

Wisconsin apportionment percentage. Enter the apportionment schedule used:. . . . . . . . . . . . . . . 	 A	

19

%

.

		 If 100% apportionment, check () the space after the arrow. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 	
		 If using separate accounting, check () the space after the arrow. . . . . . . . . . . . . . . . . . . . . . . . . . 	
	20	 Did you file federal Form 8886 – Reportable Transaction Disclosure Statement with the IRS? . . . . . . . . . . . . . 	 20

Yes

No

		If yes, include with your Wisconsin tax return.

Fi Sa
le m
El pl
ec e
F
tr o
on rm
ic
al
ly

	21	 Did you purchase any taxable products or services for storage, use, or consumption in

		 Wisconsin without payment of sales or use tax? . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 	 21
	22	

Yes

No

City and state where books and records are located for audit purposes:

	23	 List the locations of the partnership's Wisconsin operations:

Part II	 Schedule 3K – Partners’ Distributive Share Items

(b) Federal amount

(a) Distributive share items

	 1	 Ordinary business income (loss) . .  	

(c) Adjustment

(d) Amount under Wis. law

1

1

2

2

3

3

		 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

		 (attach Form 4797)  . . . . . . . . . . . .  	 10

10

	11	 Other income (loss) (attach sch.)  . 	 11

11

	 2	 Net rental real estate income

		 (loss) (attach Form 8825)  . . . . . . .  	
	 3	 Other net rental income (loss)

		 (attach schedule)  . . . . . . . . . . . . .  	

Income (Loss)

	 4	 Guaranteed payments:

Other Deductions

	10	 Net section 1231 gain (loss)

12		 	

Section 179 deduction

			

(attach Form 4562)  . . . . . . . . . . . .  	 12

12

13a	 Cash contributions . . . . . . . . . . . . .  	 13a

13a

	b	Noncash contributions  . . . . . . . . .  	 13b

13b

	c	 Investment interest expense  . . . . .  	 13c

13c

	d	Section 59(e)(2) expenditures
			

(1) Type

			

(2) Amount  . . . . . . . . . . . . . . . . . .  	 13d

13d

	 e	 Other deductions (attach sch.)  . . .  	 13e

13e

14			

Net earnings (loss) from self

			

employment  . . . . . . . . . . . . . . . . .  	 14

2023 Form 3

Name

ID Number

(a) Distributive share items

(b) Federal amount

Page 3 of 4

(c) Adjustment

(d) Amount under Wis. law

	15	 Wisconsin credits:
a	 Schedule	

 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 

15a

	 b	 Schedule	

 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

15b

	 c	 Schedule	

 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

15c

	 d	 Schedule	

 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

15d

	 e	 Schedule	

 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

15e

	 f	 Schedule	

 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

15f

	 g	 Schedule	

 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

15g

	 h	 Schedule	

 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

15h

	 i	 Tax paid to other states (postal abbv.)	 15i-1 	

 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 

15i-1

				

15i-2	

 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

15i-2

				

15i-3	

 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

15i-3

	 j	 Wisconsin tax withheld  . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

15j

16		
		

If you are reporting items of international tax relevance, check this box and attach federal
Schedule K-2 (Form 1065) to your return (see instructions) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

16

17a	

Post-1986 depreciation adjustment 	 17a

	 b	 Adjusted gain or loss  . . . . . . . . . .  	 17b
	 c	 Depletion (other than oil and gas) . . . 	 17c

	 d	 Oil, gas, and geothermal
		 properties – gross income  . . . . . .  	 17d
	 e	 Oil, gas, and geothermal
		 properties – deductions  . . . . . . . .  	 17e
	f	

Other

Fi Sa
le m
El pl
ec e
F
tr o
on rm
ic
al
ly

Alternative Minimum
Tax (AMT) Items

International
Transactions

Credits

	

Other AMT items (attach sch.)  . . .  	 17f

18a	 Tax-exempt interest income  . . . . .  	 18a

18a

	 b	 Other tax-exempt income  . . . . . . .  	 18b

18b

	 c	 Nondeductible expenses  . . . . . . .  	 18c

18c

19a	 Distributions of cash and
		 marketable securities  . . . . . . . . . .  	 19a

19a

	 b	 Distributions of other property  . . . 	 19b

19b

20a	 Investment income  . . . . . . . . . . . .  	 20a

20a

	 b	 Investment expenses  . . . . . . . . . .  	 20b

20b

	 c	 Other items and amounts (attach sch.)	 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) (see instructions) .  .  . 23	

24		

Gross income (before deducting expenses) from all activities . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .  24

Third
Party
Designee

. . . . . . . . . . . . . . . . . . . . . . . . . . .  23

Do you want to allow another person to discuss this return with the department?	
Yes	 Complete the following.	
Print
Phone Number
Designee’s
Name

Person to contact concerning this return:

Phone #:

No
Personal Identification
Number (PIN)

Fax #:

Under penalties of law, I declare that this return and all attachments are true, correct, and complete to the best of my knowledge and belief.
Signature of General Partner

Date

Signature of Preparer

For information on how to file, see Filing Methods in instructions under "When and Where to File."

Date

2023 Form 3

Name

ID Number

Page 4 of 4

Part III	 Schedule 3K - Partner’s Share of Additions and Subtractions
Additions:
	 1	 State taxes accrued or paid . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .  	1
	 2	 Related entity expenses (from Schedule RT, Part I). . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .  	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

Fi Sa
le m
El pl
ec e
F
tr o
on rm
ic
al
ly

		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 (from Schedule RT, Part II) . . . . . . . . . . . . . . . . . . . . . . . . . . .  	 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	
		b	
		c	

15a

15b
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
Pass-Through Entity Representative
Representative’s Name (see instructions)

Contact’s Name (see instructions)

Email Address

Phone Number

Mailing Address

Apt.

City

State

Zip Code