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Schedule

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

2020

3K-1

Wisconsin Department

For calendar year 2020 or tax year beginning

and ending

of Revenue

M M

D D Y

M D D

Y Y Y

Part I: Information About the Partnership

Partnership's Name

Partnership’s FEIN

Partnership's Address

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:

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

Name	SSN	FEIN

AType of partner:

1 General partner or LLC member-manager

2 Limited partner or other LLC member

3 Corporation, partnership, or limited liability company

BAdditional partner information (check all that apply):

1 Domestic partner

2 Foreign partner

3 Nonresident partner

4 Tax-exempt partner

5 Disregarded entity

CCheck if applicable:

1		Final 3K-1
2		Amended 3K-1 (Include Schedule R)
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)

EPartner's share of liabilities at the year-end:

1 Nonrecourse . . . . . . . . . . . . . . . . . . . E-1 2 Qualified nonrecourse financing . . . . E-2 3 Recourse . . . . . . . . . . . . . . . . . . . . . E-3

FPartner'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

GTax basis

GAAP

Section 704(b) book Other

DPartner's share of profit, loss, and capital:

BeginningEnding


1	Profit		.		%		.		%
2	Loss			.		%		.		%
3	Capital		.		%		.		%
H	Partner’s state of residence (if a full-year Wisconsin resident, items I, J, and K do not apply)										H

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

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

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

L		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 a partner	L

IP-032 (R. 8-20)

2020 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)		(d)	(e)
						Amount under	Wis. source amount
	Distributive share items		Federal amount	Adjustment		Wis. law	(see instructions)
1	Ordinary business income (loss) . . .	1			1
2	NET RENTAL REAL ESTATE INCOME (LOSS) . .	. . 2.			2
2	NET RENTAL REAL ESTATE INCOME (LOSS) . .	. . 2.			2
3	Other net rental income (loss)	3			3
3	Other net rental income (loss)	3			3

4Guaranteed 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

bPortion of the amount on line 10a attributable to gains on sales of

farm assets

10b

11Other 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

13Other deductions (see instr.):

a		13a	13a
b		13b	13b
c	Total (add lines 13a and 13b) . . . 13c		13c

14Self-employment earning (loss) . 14

15Wisconsin 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

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

2020 Schedule 3K-1 Partner's Name

ID Number

Page 3 of 4

(a)	(b)	(c)	(d)	(e)
			Amount under	Wis. source amount
Distributive share items	Federal amount	Adjustment	Wis. law	(see instructions)

16Foreign transactions (list):

a			16a				16a
b			16b				16b

17Alternative minimum tax items:

a		17a
b		17b
18a	Tax-exempt interest income . . .	18a	18a
b	Other tax-exempt income	18b	18b

cNondeductible expenses (list):

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

19Distributions:

a	Cash and marketable securities	19a				19a
b	Distributions of other property	. 19b				19b

20Other information:

a	Investment income	20a		20a
b	.Investment expenses	20b		20b
c	Other items and amounts
	(attach schedule)	20c		20c
21a	.Related entity expense addback	. . . . . . . . . . . . . . . . . . . . . . . . . . .	. . . . . . . . . . . . . . . . . . . . . . .	21a

b Related entity expense allowable . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 21b 22 Income (loss) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 22

23Gross income (before deducting

expenses) from all activities . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 23

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

Wisconsin

Total company

24	Wisconsin single sales factor method (do not complete lines 25 through 27)	24
	Multiple factor method (do not complete line 24):
25	First factor (indicate factor used):	25
26	Second factor (indicate factor used):	26
27	Third factor (indicate factor used):	27

2020 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

6Total 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 2019) . . . . . . . . . . . 6i j Manufacturing investment credit . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 6j k Research credits . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 6k

l Total credits (add lines 6a through 6k) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 6l

7Other 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

10Income from related entities whose expenses were disallowed (obtain Schedule RT-1 from

	related entity and submit 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

15Other 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

Question	Answer
Form Name	3K 1 Form
Form Length	4 pages
Fillable?	No
Fillable fields	0
Avg. time to fill out	1 min
Other names	etc., Credits, Deductions

Partner's Business Name

Partner's FEIN

Partner's Last Name

Partner's First Name

Partner's SSN

Partner's Address

Partner's City

Partner's Zip Code