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Wisconsin Farmland Preservation Credit
Extracted from PDF file 2023-wisconsin-schedule-fc.pdf, last modified July 2015Farmland Preservation Credit
Tab to navigate within form. Use mouse to check applicable boxes, press spacebar or press Enter. Schedule FC Save Farmland preservation credit Include with Wisconsin Form 1, 1NPR, 2, 4, 4T, or 6 Check here if an amended Schedule FC Legal name(s) shown on Form 1, 1NPR, 2, 4, 4T, or 6 Print Clear 2023 Social Security Number or FEIN Caution: Schedule FC may only be filed if you are subject to a farmland preservation agreement entered into prior to July 1, 2009. See “Which Schedule to File” on page 2 of the instructions. Farmland Preservation Agreement Contract Number (see instructions). a c b d Questions Questions 1 through 7 must be answered (see instructions). 1 a Individuals – Were you a legal resident of Wisconsin for all of 2023? (If “No,” you do not qualify) . . . . 1a Yes No b Corporations – Were you organized under the laws of Wisconsin? (If “No,” you do not qualify) . . . . . . 1b Yes No 2 Were you notified of noncompliance with any soil and water conservation plan or standard? . . . . . . . . . 2 Yes No 3 Have the 2022 property taxes for all of the farmland on which this claim is based been paid in full? . . . . 3 Yes No ACRES 4 What is the number of whole acres on which this claim is based? (See instructions) . . . . . . . . . . . . . . . . 4 5 Did the farmland produce gross farm profits of at least $6,000 during 2023 or a total of at least $18,000 during 2021, 2022, and 2023 combined? . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 5 Yes No 6 Were at least 35 acres of the farmland on which this claim is based enrolled in the Conservation Reserve Program during 2023? . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 6 Yes No 7 If the farmland was used by someone else who met the requirement in question 5, what is that person’s name and address? Household Income Complete lines 8 through 10. Print numbers like this PAPER CLIP Schedule FC behind Wisconsin tax return NO COMMAS; NO CENTS 8 Taxable income and dependents’ farm income (see instructions). a Individuals (including partners and all corporate shareholders) – (1) Income from line 7 of Form 1 (Form 1NPR filers see instructions) . . . . . . . . . . . . . . . . . . . . . . . . 8a(1) .00 (2) Spouse’s income from Wisconsin income tax return (if married filing separately) . . . . . . . . . . . 8a(2) .00 (3) Farm income of dependents under age 18 – Complete the worksheet below. . . . . . . . . . . . . . . 8a(3) .00 Name Birth Date Farm Income .00 .00 .00 Total farm income – fill in here and on line 8a(3) above . . . . . . . . . . . . . . . . . . . . . . .00 Note: If you have more than 3 dependents with farm income, include a separate schedule. b Corporations – Income from Wisconsin Form 4 or 6 (see instructions) . . . . . . . . . . . . . . . . . . . . . . . . 8b .00 c Trusts and Estates – Total from the Income Worksheet located in the instructions . . . . . . . . . . . . . . 8c .00 9 Other household income and adjustments (see instructions). .00 b Nonfarm business losses . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 9b .00 c Amortization . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 9c .00 d Capital gains not taxable . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 9d .00 e Capital loss carryforwards and net operating loss carrybacks . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 9e .00 f Cash public assistance, county relief, and WI Works payments (do not include foster care payments) 9f .00 g Child support, maintenance payments, and other support money (court ordered) . . . . . . . . . . . . . . . 9g .00 I-025 (R. 12-23) a Depreciation . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 9a h Contributions to deferred compensation plans . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 9h .00 i Contributions to IRAs, self-employed SEP, SIMPLE, and qualified plans . . . . . . . . . . . . . . . . . . . . . . 9i .00 j Add lines 8 through 9i. Enter here and on line 9k, at the top of page 2 . . . . . . . . . . . . . . . . . . . . . . . . 9j .00 Page 2 2023 Schedule FC Name SSN or FEIN of 2 9 k Fill in the amount from line 9j (page 1) here . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 9k .00 L Depletion expense and intangible drilling costs . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 9L .00 m Gain from sale of home excluded for federal tax purposes (see instructions) . . . . . . . . . . . . . . . . . . 9m .00 n Nontaxable housing allowance provided to a member of the clergy. . . . . . . . . . . . . . . . . . . . . . . . . 9n .00 o Income of a nonresident or part-year resident spouse. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 9o .00 p Interest on state and municipal bonds. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 9p .00 q Interest on United States securities . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 9q .00 r IRA, SEP, and SIMPLE distributions, distributions from retirement plans, pension, annuity, railroad retirement, and veterans’ pension or disability payments . . . . . . . . . . . . . . . . . . . . . . . . . . 9r .00 s Military compensation or cash benefits. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 9s .00 t Nontaxable income from sources outside Wisconsin. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 9t .00 u Nontaxable income of a Native American. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 9u .00 v Rent reduction for a resident manager. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 9v .00 w Scholarships, fellowships, and grants. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 9w .00 x Social security, federal and state SSI, SSI-E, SSD, and CTS payments. Include Medicare premium deductions. (Do not include Title XX payments) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 9x .00 y Unemployment compensation. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 9y .00 z Workers’ compensation and nontaxable loss of time insurance (for example, sick pay). . . . . . . . . 9z .00 10 TOTAL HOUSEHOLD INCOME – Add lines 9k through 9z. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 10 .00 Credit Computation Complete lines 11 through 17, as applicable (see instructions). 11 a Fill in the net 2023 property taxes on which this claim is based . . . . . .00 11a b Fill in the SMALLER of the amount on line 11a or $6,000. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 11b .00 12 Using the amount on line 10, fill in the appropriate amount from TABLE 1, in the instructions . . . . . . . 12 .00 13 Subtract line 12 from line 11b (if line 12 exceeds line 11b, fill in 0) . . . . . . . . . . . . . . . . . . . . . . . . . . . 13 .00 14 Using the amount on line 13, fill in the appropriate amount from TABLE 2, in the instructions. . . . . . 14 .00 15 Regular Credit – Check below to indicate the percentage of credit for which you qualify: a 80% – Fill in 80% of line 14 amount . . . . . . . . . . . . . . . . . . . . . . . . 15a .00 b Multiple Percentages – line 21 of WORKSHEET 1, in the instructions. 15b .00 .00 16 10% Special Minimum Credit – Fill in 10% of line 11b . . . . . . . . . . . . . . . . 16 17 FARMLAND PRESERVATION CREDIT – Fill in the LARGEST of line 15a through 16 on line 17. Fill in the credit from line 17 on line 30a of Form 1, line 61a of Form 1NPR, line 14a of Form 2, Part III, line 13 of Form 6, or (for Form 4 or 4T) line 45a of Schedule CR . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 17 .00 Certification If applicable, check the box to the right of line 18 to certify both of the following (see instructions): 18 a None of the information on my previously submitted farmland preservation agreement has changed, and b I have notified the County Land Conservation Committee that I intend to file a 2023 Schedule FC. 18 Under penalties of law, I declare that this farmland preservation credit claim and all enclosures are true, correct, and complete to the best of my knowledge and belief. Sign here Claimant’s signature Date
2023 I-025 Wisconsin Schedule FC, Farmland Preservation Credit (fillable)
More about the Wisconsin Schedule FC Corporate Income Tax Tax Credit TY 2023
We last updated the Farmland Preservation Credit in February 2024, so this is the latest version of Schedule FC, fully updated for tax year 2023. You can download or print current or past-year PDFs of Schedule FC 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 Schedule FC.
| Form Code | Form Name |
|---|---|
| Schedule FC-A | Farmland Preservation Credit |
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 FC from the Department of Revenue in February 2024.
Schedule FC 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 FC
We have a total of eleven past-year versions of Schedule FC in the TaxFormFinder archives, including for the previous tax year. Download past year versions of this tax form as PDFs here:
2023 Schedule FC
2023 I-025 Wisconsin Schedule FC, Farmland Preservation Credit (fillable)
2022 Schedule FC
2022 I-025 Wisconsin Schedule FC, Farmland Preservation Credit (fillable)
2020 Schedule FC
2020 I-025 Wisconsin Schedule FC, Farmland Preservation Credit (fillable)
2019 Schedule FC
2019 I-025 Wisconsin Schedule FC, Farmland Preservation Credit (fillable)
2018 Schedule FC
2018 I-025 Wisconsin Schedule FC, Farmland Preservation Credit
2017 Schedule FC
2017 I-025 Wisconsin Schedule FC, Farmland Preservation Credit
2016 Schedule FC
2016 I-025 Wisconsin Schedule FC, Farmland Preservation Credit
2015 Schedule FC
2015 I-025 Wisconsin Schedule FC, Farmland Preservation Credit (fillable)
2013 Schedule FC
2013 I-025 Wisconsin Schedule FC, Farmland Preservation Credit (fillable)
2012 Schedule FC
2012 I-025 Wisconsin Schedule FC, Farmland Preservation Credit
2011 Schedule FC
2011 Schedule FC, Wisconsin farmland preservation credit (pdf fillable format)
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