Wisconsin Wisconsin Venture Capital Credits

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Wisconsin Venture Capital Credits
2024 IC-039 Schedule VC Wisconsin Venture Capital Credits (fillable)Save

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Wisconsin Venture Capital Credits

VC

Schedule

Print

2024

File with Wisconsin Form 1, 1NPR, 2, 3, 4, 4T, 5S, or 6
Wisconsin Department
of Revenue

Read instructions before filling in this schedule

Name

Identifying Number

If you qualify for the angel investment credit, complete Part I. If you qualify for the early stage seed investment credit, complete Part II.
Round Amounts to Nearest Dollar
Part I 	

Angel Investment Credit

1	 Fill in the following information regarding your investments in qualified new business ventures that the Wisconsin Economic
Development Corporation has verified as first eligible for a tax credit in 2024 (attach separate schedules if more space is needed):
Name of Qualified
New Business Venture

Date Investment
Made

1a
1b
1c

M

M

D

D

Y

Y

Y

Y

M

M

D

D

Y

Y

Y

Y

M

M

D

D

Y

Y

Y

Y

Qualified
Investment

Total
Investment

1a

1a

.00 1a

.00

1b

1b

.00 1b

.00

1c

1c

.00 1c

.00

	1d	 Total qualified investments (add lines 1a through 1c). Include WEDC certification  . . . . . . . . . . . . 	1d

.00

2	

Multiply the amount on line 1d by 25% (0.25)  . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 	 2

.00

3	

Fill in the 2024 angel investment credit passed through from angel investment networks:

3a	 Entity Name
	

FEIN	

Amount 3a

.00

Amount 3b

.00

3c	 Total pass through credits from additional schedule  . . . 	 3c

.00

3b	 Entity Name
	

FEIN	

3d	 Total credits (add lines 3a through 3c) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 	 3d

.00

3e	 Fill in the amount of credit transferred from other taxpayers in 2024 (from Part IV, page 4) . . . . . . . 	 3e

.00

4	

Add lines 2, 3d, and 3e. This is your 2024 credit . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 	 4

.00

5	

Carryover of unused angel investment credit (see instructions). Include Schedule CF . . . . . . . . . . 	5

.00

5a	 Fill in the amount of credit transferred to other taxpayers in 2024 (from Part IV, page 4) . . . . . . . . . 	 5a

.00

6		Add lines 4 and 5 and subtract line 5a. This is the available angel investment credit.
Include Schedule CF if the credit was not used in full . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 	 6

.00

IC-039 (R. 8-24)

2024 Schedule VC	

	 Part II	

Name

ID Number

Page 2 of 4

Early Stage Seed Investment Credit

	 7	 Fill in the following information regarding your investments paid to a certified fund manager that the Wisconsin Economic Development Corporation has verified as eligible for a tax credit in 2024 (attach separate schedules if more space is needed):
Name of Certified
Fund Manager

Date Investment
Made

7a
7b
7c

M

M

D

D

Y

Y

Y

Y

M

M

D

D

Y

Y

Y

Y

M

M

D

D

Y

Y

Y

Y

Qualified
Investment

Total
Investment

7a

7a

.00 7a

.00

7b

7b

.00 7b

.00

7c

7c

.00 7c

.00

	 7d	 Total qualified investment (add lines 7a through 7c) Include WEDC certification . . . . . . . . . . .  	7d

.00

	 8	 Multiply line 7d by 25% (0.25) or enter the credit specially allocated to you  . . . . . . . . . . . . . . . .  	 8

.00

	 9	 Fill in the 2024 early stage seed investment credit passed through from other entities:
	 9a	 Entity Name
		

FEIN	

Amount 9a

.00

Amount 9b

.00

	 9c	 Total pass through credits from additional schedule  . . 	 9c

.00

	 9b	 Entity Name
		

FEIN	

	 9d	 Total credits (add lines 9a through 9c) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .  	 9d

.00

10		

Fill in the amount of credit transferred from other taxpayers in 2024 (from Part III page 3) . . . .  	 10

.00

11		

Add lines 8, 9d and 10. This is your 2024 credit (see instructions)  . . . . . . . . . . . . . . . . . . . . . .  	11

.00

	11a	 Fiduciaries - enter the amount of credit allocated to beneficiaries . . . . . . . . . . . . . . . . . . . . . . .  	11a

.00

11b	 Fiduciaries - subtract line 11a from line 11 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 	11b

.00

12		

Carryover of unused early stage seed investment credit. Include Schedule CF  . . . . . . . . . . .  	12

.00

13		

Add lines 11 and 12 (lines 11b and 12 if fiduciary) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .  	 13

.00

14		

Fill in the amount of credit transferred to other taxpayers in 2024 . . . . . . . . . . . . . . . . . . . . . . .  	14

.00

15		 Subtract line 14 from line 13. This is the available early stage seed investment credit. Include
		 Schedule CF if the credit was not used in full . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .  	 15

.00

2024 Schedule VC	

Name

ID Number

Page 3 of 4

	 Part III	 Transfer of Early Stage Seed Investment Credit
	 1	 Fill in the following information regarding the transfer in 2024 by a person eligible to claim the early stage seed investment
credit to a person subject to tax under ch. 71 or subch. III of ch. 76:

1a	 Person Eligible to Claim the Early Stage Seed Investment Credit:
Name

Number and Street

City

State

Zip Code

1b	 Recipient of Transferred Early Stage Seed Investment Credit:
Identifying Number

Name

Number and Street

City

1c	 Transferred Amount	
	

State

.00

Zip Code

Investment Fund Manager Approval Date

Wisconsin Economic Development Corporation Approval Date

M
M

M

D

D

Y

Y

Y

M

D

D

Y

Y

Y

Y

D

D

Y

Y

Y

Y

D

D

Y

Y

Y

Y

Y

2a	 Recipient of Transferred Early Stage Seed Investment Credit:
Identifying Number

Name

Number and Street

City

2b	 Transferred Amount	
	

State

.00

Zip Code

Investment Fund Manager Approval Date

Wisconsin Economic Development Corporation Approval Date

M
M

M

D

D

Y

Y

Y

M

Y

3a	 Recipient of Transferred Early Stage Seed Investment Credit:
Identifying Number

Name

Number and Street

City

3b	 Transferred Amount	
	

State

.00

Zip Code

Investment Fund Manager Approval Date

Wisconsin Economic Development Corporation Approval Date

M
M

M

D

D

Y

Y

Y

Y

M

2024 Schedule VC	

Name

ID Number

Page 4 of 4

	 Part IV	 Transfer of Angel Investment Credit
	 1	 Fill in the following information regarding the transfer in 2024 by a person eligible to claim the angel investment credit to a
person subject to tax under ch. 71:

1a	 Person Eligible to Claim the Angel Investment Credit:
Name

Number and Street

City

State

Zip Code

1b	 Recipient of Transferred Angel Investment Credit:
Identifying Number

Name

Number and Street

City

1c	 Transferred Amount	
	

Zip Code

State

.00

Wisconsin Economic Development Corporation Notification Date

M

M

D

D

Y

Y

Y

Y

2a	 Recipient of Transferred Angel Investment Credit:
Identifying Number

Name

Number and Street

City

2b	 Transferred Amount	
	

Zip Code

State

.00

Wisconsin Economic Development Corporation Notification Date

M

M

D

D

Y

Y

Y

Y

3a	 Recipient of Transferred Angel Investment Credit:
Identifying Number

Name

Number and Street

City

3b	 Transferred Amount	
	

State

Zip Code

.00

Wisconsin Economic Development Corporation Notification Date

M

M

D

D

Y

Y

Y

Y

Extracted from PDF file 2024-wisconsin-schedule-vc.pdf, last modified October 2015

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More about the Wisconsin Schedule VC Corporate Income Tax Tax Credit TY 2024

We last updated the Wisconsin Venture Capital Credits in March 2025, so this is the latest version of Schedule VC, fully updated for tax year 2024. You can download or print current or past-year PDFs of Schedule VC 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
Form 2	Wisconsin Fiduciary Income Tax for Estates or Trusts Tax Return
Form 4	Wisconsin Non-Combined Corporation Franchise or Income Tax Return Tax Return
Schedule 2K-1	Beneficiary's Share of Income, Deductions, etc.
Form 5S	Form 5S Wisconsin Tax-Option (S) Corporation Franchise or Income Tax Return Tax Return
Form 4H	Wisconsin Corporation Declaration of Inactivity

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 VC from the Department of Revenue in March 2025.

Show Sources >

Schedule VC 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 VC

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

2024 Schedule VC

2024 IC-039 Schedule VC Wisconsin Venture Capital Credits (fillable)

2023 Schedule VC

2023 IC-039 Schedule VC Wisconsin Venture Capital Credits (fillable)

2022 Schedule VC

2022 IC-039 Schedule VC Wisconsin Venture Capital Credits (fillable)

2021 Schedule VC

2021 Schedule VC Angel Investment Credit and Early Stage Seed Investment Credit Instructions

2020 Schedule VC

2020 IC-039 Schedule VC Wisconsin Venture Capital Credits (fillable)

2019 Schedule VC

2019 IC-039 Schedule VC Wisconsin Venture Capital Credits (fillable)

2018 Schedule VC

2018 IC-039 Schedule VC Wisconsin Venture Capital Credits

2017 Schedule VC

2017 IC-039 Schedule VC Wisconsin Venture Capital Credits

2016 Schedule VC

2016 IC-039 Schedule VC Wisconsin Venture Capital Credits

2015 Schedule VC

2015 IC-039 Schedule VC Wisconsin Venture Capital Credits (fillable)

Wisconsin Venture Capital Credits | Instructions

2013 Schedule VC

2013 IC-039 Schedule VC Wisconsin Venture Capital Credits

2012 Schedule VC

2012 IC-039 Schedule VC Wisconsin Venture Capital Credits

2011 Schedule VC

2011 Schedule VC Wisconsin Venture Capital Credits

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