Wisconsin Partner's Share of Income, Deductions, Credits, etc

Partner's Share of Income, Deductions, Credits, etc
2023 Schedule 3K-1 Partner's Share of Income, Deductions, Credits, etc.Schedule

3K-1
Wisconsin Department
of Revenue

Partner’s Share of Income, Deductions, Credits, etc.
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

Part I: Information About the Partnership
Partnership's Name

Partnership's Address

Partnership’s FEIN

Partnership's City

State

Partnership’s Zip Code

Part II: Information About the Partner
If the partner is a disregarded entity or trust, enter the requested information for the taxpayer/owner of the disregarded entity or trust:
Partner's Business Name

Partner's FEIN

Partner's Last Name

Partner's First Name

Partner's Address

Partner's City

Partner's SSN

M.l.

State

Partner's Zip Code

If the partner is a disregarded entity or trust, enter the partner's information:
Name

SSN

A	 Type of partner:
1	

General partner or LLC member-manager

2	

Limited partner or other LLC member

B	 Additional partner information (check all that apply):

FEIN

D	 Partner's share of profit, loss, and capital:
Beginning
1	 Profit

.

Ending
%

.

%

.

%

.

%

.

%

Domestic partner

2	

Foreign partner

3	

Nonresident partner

1	Nonrecourse  . . . . . . . . . . . . . . . . . .  	 E-1

4	

Tax-exempt partner

2	 Qualified nonrecourse financing . . . .  	 E-2

5	

Disregarded entity

3	Recourse  . . . . . . . . . . . . . . . . . . . . .  	 E-3

1	

Final 3K-1

2	

Amended 3K-1 (Include Schedule AR)

3	
	

Election to pay tax at the entity level pursuant to 	
s. 71.21(6)(a), Wis. Stats.

4	
	
	

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)

%

3	 Capital

1	

C	 Check if applicable:

.

2	Loss

E	 Partner's share of liabilities at the year-end:

F	 Partner's capital account analysis:
1	 Beginning capital account  . . . . . . .  	 F-1
2	 Capital contributed during the year . 	 F-2
3	 Current year increase (decrease) . .  	 F-3
4	 Withdrawals and distributions . . . . .  	 F-4
5	 Ending capital account  . . . . . . . . . .  	 F-5

G	Partner’s state of residence (if a full-year Wisconsin resident, items H, I, J, and K do not apply)  . . . . . . . . . . . . 	 G
H		

Check if partner’s Wisconsin amount is determined by apportionment. Apportionment percentage . . . . . . . 	 H

I			

Check if partner’s Wisconsin amount is determined by separate accounting.

J		

Check if the partner is a nonresident and received an approved Form PW-2 to opt out of pass-through entity withholding.

K		

Check if the nonresident partner elected Wisconsin composite income tax be paid by the partnership on a Form 1CNP.

		

Amount of composite income tax paid on behalf of the nonresident partner . . . . . . . . . . . . . . . . . . . . . . . . . 	 K

IP-032 (R.8-23)

.

%

2023 Schedule 3K-1 Partner's Name

ID Number

Page 2 of 4

Part III	 Partner’s Share of Current Year Income, Deductions, Credits, and Other Items
(a)

(b)

(c)

Distributive share items

Federal amount

Adjustment

(d)
Amount under
Wis. law

	 1	 Ordinary business income (loss)  . . . 	1	1
	 2	 Net rental real estate income (loss)..	 2	2
	 3	 Other net rental income (loss)  . . . . . 	 3	3
	 4	 Guaranteed payments:
		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
10a		 Net section 1231 gain (loss)  . . . . 10a	10a
	b	Portion of gains on line 10a from
		 sales of farm assets  . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 	 10b
11	 	 Other income (loss) (see instr.):
	 a	11a	

11a

	 b	11b	

11b

	 c	 Total (add lines 11a and 11b)  . . . . 11c	11c
12		 Section 179 deduction  . . . . . . . . . 12	12
13		 Other deductions (see instr.):
	 a	13a	
	
	 b	13b	
	
	 c	 Total (add lines 13a and 13b) . . . 13c	

13a	
13b	
13c

14		 Self-employment earning (loss)  . 	 14
		
15	
Wisconsin credits:
	a	

Schedule	

 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 	 15a

	 b	Schedule	

 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 	 15b

	 c	

Schedule	

 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 	 15c

	 d	 Schedule	

 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 	 15d

	 e	 Schedule	
	
	 f	 Schedule	
	
	 g	 Schedule	

 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 	 15e

	 h	 Schedule	

 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 	 15h

	 i	
			

 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 	 15f
 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 	 15g

Tax paid to other states (enter
postal abbreviation of state)	  . . .  	15i-1	

 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .  	 15i-1

						

15i-2	

 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .  	 15i-2

						

15i-3	

 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .  	 15i-3

	j	

Wisconsin tax withheld  . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 	 15j

(e)
Wis. source amount
(see instructions)

2023 Schedule 3K-1 Partner's Name

ID Number

(a)

(b)

(c)

Distributive share items

Federal amount

Adjustment

Page 3 of 4
(d)
Amount under
Wis. law

16		

Schedule K-3 is attached if checked (see instructions)  . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .  16

17	

Alternative minimum tax items:

(e)
Wis. source amount
(see instructions)

	 a	17a
	b	

17b

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

18a

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

18b

	 c	 Nondeductible expenses (list):
			
	
1	18c-1

18c-1

	

2	18c-2

18c-2

			 3	 Total (add lines 18c-1 and 18c-2)	 18c-3
	
19			 Distributions:

18c-3

	 a		 Cash and marketable securities  . 19a

19a

	 b		 Distributions of other property	  . 19b

19b

20		

Other information:

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

20a

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

20b

	 c	 Other items and amounts
		 (attach schedule)  . . . . . . . . . . . 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)  . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .  23
24				 Gross income (before deducting
					 expenses) from all activities  . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .  24

Part IV	 Partner’s Share of Apportionment Factors (Does not apply to a resident estate, trust or individual partner)
Wisconsin
25	

Wisconsin single sales factor method (do not complete lines 26 through 28)  . . . . . . . . . . . . . . . 	 25

	

Multiple factor method (do not complete line 25):

26	

First factor (indicate factor used):	

26

27	

Second factor (indicate factor used):	

27

28	

Third factor (indicate factor used):	

28

Total company

2023 Schedule 3K-1 Partner's Name

ID Number

Page 4 of 4

Part V	 Schedule 3K-1 - Partner’s Share of Additions and Subtractions
Additions:
	 1	 State taxes accrued or paid . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .  	1
	 2	 Related entity expenses . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .  	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
		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 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .  	 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	

15a

		b	

15b

		c	

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

Extracted from PDF file 2023-wisconsin-schedule-3k-1.pdf, last modified September 2023

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More about the Wisconsin Schedule 3K-1 Corporate Income Tax TY 2023

We last updated the Partner's Share of Income, Deductions, Credits, etc in February 2024, so this is the latest version of Schedule 3K-1, fully updated for tax year 2023. You can download or print current or past-year PDFs of Schedule 3K-1 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 3K-1 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 3K-1

We have a total of eleven past-year versions of Schedule 3K-1 in the TaxFormFinder archives, including for the previous tax year. Download past year versions of this tax form as PDFs here:

2023 Schedule 3K-1

2023 Schedule 3K-1 Partner's Share of Income, Deductions, Credits, etc.

2022 Schedule 3K-1

2022 Schedule 3K-1 Partner's Share of Income, Deductions, Credits, etc.

2020 Schedule 3K-1

2020 Schedule 3K-1 Partner's Share of Income, Deductions, Credits, etc.

2019 Schedule 3K-1

2019 Schedule 3K-1 Partner's Share of Income, Deductions, Credits, etc.

2018 Schedule 3K-1

2018 Schedule 3K-1 Partner's Share of Income, Deductions, Credits, etc.

2017 Schedule 3K-1

2017 Schedule 3K-1 Partner's Share of Income, Deductions, Credits, etc.

2016 Schedule 3K-1

2016 Schedule 3K-1 Partner's Share of Income, Deductions, Credits, etc.

2015 Schedule 3K-1

2015 IP-032 Schedule 3K-1 Partner's Share of Income, Deductions, Credits, etc. (fillable)

Partner's Share of Income, Deductions, Credits, etc. | Instructions | Fill-In Form

2013 Schedule 3K-1

2013 IP-032 Schedule 3K-1 Partner's Share of Income, Deductions, Credits, etc. (fillable)

2012 Schedule 3K-1

2012 IP-032 Schedule 3K-1 Partner's Share of Income, Deductions, Credits, etc.

2011 Schedule 3K-1

2010 Schedule 3K-1 - Partner's Share of Income, Deductions, Credits, etc. (pdf fillable format)

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