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Wisconsin Wisconsin Supplement to the Federal Historic Rehabilitation Tax Credit – Five-Year Credit Claim
Extracted from PDF file 2023-wisconsin-form-schedule-hr-5.pdf, last modified January 2021Wisconsin Supplement to the Federal Historic Rehabilitation Tax Credit – Five-Year Credit Claim
Tab to navigate within form. Use mouse to check applicable boxes, press spacebar or press Enter. Schedule Wisconsin HR-5 Wisconsin Department of Revenue Save Print Supplement to the Federal Historic Rehabilitation Tax Credit – Five-Year Credit Claim Clear 2023 - 2027 File with Wisconsin Form HR-T Identifying Number Name XXXXX Address of Rehabilitated Property City Zip Code State Supplement to the Federal Historic Rehabilitation Tax Credit 1 Enter adjusted basis in the building on the first day of the rehabilitation period. . . . . . . . . . . . . . . . . . .00 1 2 Check the box to indicate the election chosen (Note: You must claim the credit at the same time as for federal purposes, unless the credit is transferred from another taxpayer): a This credit is claimed based on when the rehabilitation work was completed . . . . . . . . . . . . . . . . 2a b This credit is claimed based on when the expenditures are paid.. . . . . . . . . . . . . . . . . . . . . . . . . . 2b c Enter the date on which the 24- or 60-month measuring period begins . . . . . . . . . . . . . . . . . . . . . 2c d Enter the date on which the 24- or 60-month measuring period ends. . . . . . . . . . . . . . . . . . . . . . . 2d e Enter the total qualifying expenditures incurred on the project to date . . . . . . . . . . . . . . . . . . . . . . 2e .00 f Enter the qualified rehabilitation expenditures on which the credit is computed for the current taxable year . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 2f .00 3 Enter 20% of the amount on line 2f, round to the nearest dollar . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 3 .00 M M D D Y Y Y Y M M D D Y Y Y Y 4 Amount of credit claimed each year: a 2023 – Multiply line 3 by 20% (.20). . . . . . . . . . . . . . . . . . . . . . . . 4a .00 b 2024 – Multiply line 3 by 20% (.20). . . . . . . . . . . . . . . . . . . . . . . . 4b .00 c 2025 – Multiply line 3 by 20% (.20). . . . . . . . . . . . . . . . . . . . . . . . 4c .00 d 2026 – Multiply line 3 by 20% (.20) . . . . . . . . . . . . . . . . . . . . . . . . 4d .00 e 2027 – Multiply line 3 by 20% (.20) . . . . . . . . . . . . . . . . . . . . . . . . 4e .00 f Total (add lines 4a through 4e). . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 4f .00 5 Historic rehabilitation credit passed through from other taxpayers: 5a Entity Name FEIN Amount 5a .00 Amount 5b .00 5b Entity Name FEIN 5c Total pass through credits from additional schedule . . . . . . . . . . . . . 5c .00 5d Total credits (add lines 5a through 5c). . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 5d .00 6 Enter the amount of credit transferred from other taxpayers in 2023. . . . . . . . . . . . . . . . . . . . . . . . . . 6 .00 7 Add lines 4f, 5d, and 6. This is your 2023-2027 credit. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 7 .00 7a Fiduciaries - enter the amount of credit allocated to beneficiaries. . . . . . . . . . . . . . . . . . . . . . . . . . . . 7a .00 7b Fiduciaries - subtract line 7a from line 7 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 7b .00 8 Carryover of unused supplement to the federal historic rehabilitation tax credit. Include Schedule CF. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 8 .00 9 Add lines 7 and 8 (lines 7b and 8 if fiduciary). . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 9 .00 10 Enter the amount of credit transferred to other taxpayers . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 10 .00 11 Subtract line 10 from line 9. This is the available supplement to the federal historic rehabilitation tax credit. Include Schedule CF if the credit was not used or transferred in full . . . . . . . . . . 11 .00 IC-534 (R. 8-22)
August 2022 IC-534 Wisconsin Supplement to the Federal Historic Rehabiliation Tax Credit - Five-Year Credit Claim
More about the Wisconsin Form Schedule HR-5 Individual Income Tax TY 2023
Schedule HR-5 is used to claim a total of 5 years on the Supplement to the Federal Historic Rehabilitation Tax Credit.
We last updated the Wisconsin Supplement to the Federal Historic Rehabilitation Tax Credit – Five-Year Credit Claim in February 2024, so this is the latest version of Form Schedule HR-5, fully updated for tax year 2023. You can download or print current or past-year PDFs of Form Schedule HR-5 directly from TaxFormFinder. You can print other Wisconsin tax forms here.
Related Wisconsin Individual Income Tax Forms:
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 Schedule HR-5.
| Form Code | Form Name |
|---|---|
| Schedule HR | Wisconsin Historic Rehabilitation Credits |
| Form Schedule HR-5 (Instructions) | Wisconsin Supplement to the Federal Historic Rehabilitation Tax Credit – Five-Year Credit Claim (Instructions) |
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 Schedule HR-5 from the Department of Revenue in February 2024.
About the Individual Income Tax
The IRS and most states collect a personal income tax, which is paid throughout the year via tax withholding or estimated income tax payments.
Most taxpayers are required to file a yearly income tax return in April to both the Internal Revenue Service and their state's revenue department, which will result in either a tax refund of excess withheld income or a tax payment if the withholding does not cover the taxpayer's entire liability. Every taxpayer's situation is different - please consult a CPA or licensed tax preparer to ensure that you are filing the correct tax forms!
Historical Past-Year Versions of Wisconsin Form Schedule HR-5
We have a total of two past-year versions of Form Schedule HR-5 in the TaxFormFinder archives, including for the previous tax year. Download past year versions of this tax form as PDFs here:
2023 Form Schedule HR-5
August 2022 IC-534 Wisconsin Supplement to the Federal Historic Rehabiliation Tax Credit - Five-Year Credit Claim
2022 Form Schedule HR-5
February 2022 IC-534 Wisconsin Supplement to the Federal Historic Rehabiliation Tax Credit - Five-Year Credit Claim (fillable form)
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