Form 4T — Exempt Organization Business Franchise/Income

# preamble

Tax-exempt organizations and certain individual retirement arrangements (IRAs) or Medical Savings Accounts (MSAs) use Form 4T to report their unrelated business taxable income and credits and to compute their franchise or income tax and economic development surcharge liability. Table of Contents General Franchise or Income Tax Return Instructions .................................................................. 2 Who Must File ........................................................................................................................ 2 When and Where to File ........................................................................................................ 3 Period Covered by Return ..................................................................................................... 3 Accounting Methods and Elections ...................................................................................... 4 Payment of Estimated Tax ..................................................................................................... 4 Disclosure of Related Entity Expenses and Reportable Transactions ............................... 5 Internal Revenue Service Adjustments, Amended Returns, and Claims for Refund ......... 6 Economic Development Surcharge ...................................................................................... 6 Information Returns ............................................................................................................... 7 Wisconsin Use Tax ................................................................................................................ 7 Penalties for Not Filing or Filing Incorrect Returns ............................................................ 7 Conformity With Internal Revenue Code and Exceptions .................................................................... 7 Provisions of the Internal Revenue Code Not Adopted by Wisconsin: .............................. 8 Other Exceptions to Internal Revenue Code ...................................................................... 13 Depreciation and Bonus Depreciation ............................................................................... 13 Accounting for Differences ................................................................................................. 13 Items A Through J ................................................................................................................ 13 Lines 1 Through 13 - Organizations Taxable as Corporations ........................................ 15 Lines 14 Through 23 - Organizations Taxable as Trusts ................................................... 19 Lines 25 Through 41 ............................................................................................................ 22 Additional Information, Signatures, and Supplemental Schedules .................................. 24 Wisconsin Income of Multistate Organizations ................................................................. 25 Who Must Use Apportionment ............................................................................................ 25 What Is the Apportionment Percentage ............................................................................. 25 Corporate Partners or LLC Members ................................................................................. 26 Obtaining Forms and Assistance ....................................................................................... 27 Appendix: Tax Table for Trusts

IC-102 (R. 10-25) 2 General Franchise or Income Tax Return Instructions

# Who Must File

Organizations Required to File. The following exempt organizations are required to file a Wisconsin corporation franchise or income tax return: • Organizations exempt from Wisconsin income taxation under sec. 71.26(1)(a) or 71.45(1), Wis. Stats., which satisfy, or which are the sole owner of limited liability companies (LLCs) that satisfy, all the following:  Do business in Wisconsin,  Have at least $1,000 of gross income from an unrelated trade or business for federal income tax pur poses, and  Must file federal Form 990-T or 4720 to report such unrelated trade or business income. • Trusts exempt from federal income tax under Internal Revenue Code (IRC) section 501(a), which satisfy all the following:  Have income from Wisconsin sources, such as business transacted or property located in Wisconsin,  Have at least $1,000 of gross income from an unrelated trade or business for federal income tax purposes, and  Must file federal Form 990-T, 4720, or 5227. • IRAs and MSAs described in IRC sections 408(a) and 220(d) which satisfy all the following:  Have income from Wisconsin sources, such as business transacted or property located in Wisconsin,  Have at least $1,000 of gross income from an unrelated trade or business for federal income tax purposes, and  Must file federal Form 990-T or 4720. • Exempt organizations engaged in buying or selling lottery prizes if the winning tickets were originally bought in Wisconsin. "Gross income" of a manufacturing, merchandising, or mining business is the total receipts or sales, less the cost of goods sold, plus the gross income from other sources that is includable in unrelated business taxable income. "Doing business in this state." The definition of "Doing business in this state," sec. 71.22(1r), Wis. Stats, includes regularly selling products or services of any kind or nature to customers in Wisconsin that receive the product or service in Wisconsin; regularly soliciting business from potential customers in Wisconsin; regularly performing services outside Wisconsin for which the benefits are received in Wisconsin; regularly engaging in transactions with customers in Wisconsin that involve intangible property and result in receipts flowing to the taxpayer from within Wisconsin; and holding loans secured by real or tangible personal property located in Wisconsin. "Regular" and "regularly" mean 15 or more days of activity. Fifteen days of activity means one person for 15 days or 15 persons for one day, or any combination of persons and days that results in at least 15 person-days of activity. "Days of activity" include any day, or portion thereof, upon which business activity took place. "Days of activity" do not include travel days, holidays, or weekends, unless business activities were conducted on those days. Organizations Not Required to File. The following organizations are not required to file a Wisconsin corporation franchise or income tax return: • Exempt organizations that aren't subject to tax on unrelated business taxable income under IRC section 511 and aren't required to file federal Form 990- T, except those with income realized from the sale of or purchase and subsequent sale or redemption of lottery prizes if the winning tickets were originally bought in Wisconsin. • Employee benefit plans established by an employer engaged in or affecting interstate commerce or by an employee organization that represents employees engaged in or affecting interstate commerce. This exception doesn't apply to government plans, church plans not electing under the vesting, etc., provisions, worker's compensation plans, non-U.S. plans primarily for nonresident aliens, and "excess benefit plans."

IC-102 (R. 10-25) 3 • The State of Wisconsin, including the University of Wisconsin System, or any county, village, school district, or other political unit of the State of Wisconsin. • Credit unions. When and Where to File Generally, an exempt organization must file Form 4T by the 15th day of the 5th month following the close of its taxable year. However, an employees' trust defined in IRC section 401(a), an IRA, and an MSA must file Form 4T by the 15th day of the 4th month following the close of the taxable year. If a return is filed late, without an extension, the exempt organization may be subject to penalties and interest. Extensions. If you are requesting an extension of time to file your federal income tax return, the following treatment applies: • For exempt organizations taxable as corporations, any extension allowed by the Internal Revenue Service (IRS) for filing the federal return automatically extends the Wisconsin due date to 30 days after the federal extended due date. You don't need to submit either a copy of the federal extension or an application for a Wisconsin extension to the department by the original due date of your return. However, you must file a copy of the federal extension with the Wisconsin return that you file. • For exempt organizations taxable as trusts, any extension allowed by the IRS for filing the federal return automatically extends the Wisconsin due date to the federal due date. You must file a copy of the federal extension with the Wisconsin return that you file. • Disaster Relief Extension. If you are filing under extension because of a federal or state disaster, include a statement indicating which disaster extension you are using and attach it to your return. Additional information on disaster areas can be found here: revenue.wi.gov/Pages/FAQS/pcs-extensn.aspx#ext5

Filing Return If you file your return on paper, follow these mailing instructions carefully: • Do not fasten, staple, or bind the pages of your return. Use paper clips instead. • If you are submitting multiple returns, separate them with colored separator sheets. • Use the mailing address shown on the form. Period Covered by Return The return must cover the same period as the exempt organization's federal business income tax return, Form 990-T. A 2025 Wisconsin return must be filed by an exempt organization for calendar year 2025 or a fiscal year that begins in 2025. A fiscal year may end only on the last day of a month. The period covered by the return can't exceed 12 months. Example: Corporation A has a fiscal year beginning March 1, 2025, and ending February 29, 2026. Corporation A files a 2025 Form 4T for the period of March 1, 2025, through February 29, 2026.

However, exempt organizations reporting on a 52-53 week period for federal tax purposes must file on the same reporting period for Wisconsin. A 52-53 week taxable year is deemed to begin on the first day of the calendar month beginning nearest to the first day of the 52-53 week taxable year. The taxable year is deemed to end on the last day of the calendar month closest to the last day of the 52-53 week taxable year for purposes of due dates, extensions, and assessments of interest and penalties. Any change in accounting period made for federal purposes must also be made for Wisconsin purposes. For the first taxable year for which the change applies, file with the Wisconsin return a copy of the IRS's notice of approval of accounting period change if such approval is required or an explanation of the change if the IRS's approval isn't required.

IC-102 (R. 10-25) 4 Accounting Methods and Elections In computing unrelated business taxable income, the method of accounting must be the same method used in computing federal unrelated business taxable income. However, if the method used for federal purposes isn't authorized under the IRC in effect for Wisconsin, use a method authorized under the IRC in effect for Wisconsin. Change in Accounting Method. A change in accounting method made for federal purposes must also be made for Wisconsin purposes, unless the change isn't authorized under the IRC in effect for Wisconsin. Adjustments required federally as a result of a change made while the exempt organization is subject to Wisconsin taxation must also be made for Wisconsin purposes, except in the last year that an exempt organization is subject to taxation by Wisconsin it must take into account all remaining adjustments required. For the first taxable year for which the change applies, file with the Wisconsin return either a copy of the application for change in accounting method filed with the IRS and copy of the IRS's consent, if applicable, or an explanation of the change if the IRS's approval isn't required. Elections. As explained above, an exempt organization can't make different elections for federal and Wisconsin purposes with respect to accounting periods and accounting methods, unless the federal method isn't permitted under the IRC in effect for Wisconsin. In situations where an exempt organization has an option under the IRC and the IRS doesn't consider that option to be a method of accounting, a different election may be made for Wisconsin than that made for federal purposes. If federal law specifies the manner or time period in which an election must be made, those requirements also apply for Wisconsin purposes. For more information, see Wisconsin Tax Bulletin 214 (July 2021, page 8).

If different elections are made, adjustments are required on the Wisconsin return to account for any differences. Exempt organizations enter such adjustments on Part 1 or Part 2. Payment of Estimated Tax The franchise or income tax and economic development surcharge must be paid by the 15th day of the 5th month (15th day of the 4th month for employees' trusts, IRAs, and MSAs) following the close of the taxable period, regardless of the due date of the return. Exempt organizations may be required to make quarterly estimated payments to prepay their franchise or income tax and economic development surcharge. If the total of an exempt organization's franchise or income tax and economic development surcharge due is $500 or more, it generally must make quarterly estimated tax payments. Corporations should use Wisconsin Form Corp-ES or make payment by electronic funds transfer, and trusts should use Form 1-ES or make payment by electronic funds transfer. Failure to make required estimated tax payments may result in an interest charge.

Quick Refund. An exempt corporation that overpaid its estimated tax may apply for a refund before filing its tax return if its overpayment is (1) at least 10% of the expected Wisconsin tax liability and (2) at least $500. To apply, file Wisconsin Form 4466W, Corporation or Pass-Through Entity Application for Quick Refund of Overpayment of Estimated Tax, after the end of the taxable year and before the exempt corporation files its tax return. Do not file Form 4466W at the same time as your tax return. An exempt corporation that has a tax due when filing its tax return as a result of receiving a "quick refund" will be charged 12% annual interest on the amount of unpaid tax from the date the refund is issued to the earlier of the 15th day of the 5th month (15th day of the 4th month for employees' trusts, IRAs, and MSAs) after the close of the taxable year or the date the tax liability is paid. Any tax that remains unpaid after the unextended due date of the tax return continues to be subject to 18% or 12% annual interest, as appropriate. CAUTION: An extension for filing the return doesn't extend the time to pay the franchise or income tax. Interest will be charged on the tax and surcharge not paid by the original due date. You can avoid interest charges during the extension period by paying the tax and surcharge due by the original due date. Submit your payment with Wisconsin Form Corp-ES, Corporation Estimated Tax Voucher.

IC-102 (R. 10-25) 5

Disclosure of Related Entity Expenses and Reportable Transactions An exempt organization may be required to separately disclose certain expenses paid, accrued, or incurred to a related entity. An exempt organization or its material advisor may also be required to separately disclose reportable transactions.

Disclosure of Related Entity Expenses. If the exempt organization will be deducting more than $100,000 (after considering the effect of apportionment) of interest, rent, or intangible expenses or management fees paid, accrued, or incurred to a related person or entity, the corporation must gene rally file Schedule RT, Wisconsin Related Entity Expenses Disclosure Statement, with its franchise or income tax return. The Schedule RT instructions explain the reporting requirements. However, even if you are not required to file Schedule RT, if you are taking deductions for interest, rent, or intangible expenses or management fees paid, accrued, or incurred to related entities, you must add those expenses back to federal income as Wisconsin modification. If the expenses meet the tests for deductibility, you may subtract them out as subtraction modifications. Organization's Disclosure of Reportable Transactions. If an exempt organization was required to include any form with its federal tax return to disclose a "reportable transaction," as defined under sec. 71.81(1)(c), Wis. Stats., it must file a copy of that form with the Department of Revenue within 60 days of the date it is required to file it for federal income tax purposes, provided it is otherwise required to file a Wisconsin return. This includes federal Form 8886, Reportable Transaction Disclosure Statement. See the instructions to federal Form 8886 to determine if you are required to file the form for federal purposes. Material Advisor's Disclosure of Reportable Transactions. A "material advisor" means any person who provides any material aid, assistance, or advice with respect to organizing, managing, promoting, selling, implementing, insuring, or carrying out any reportable transaction (as defined in the U.S. Treasury Regulat ions) and who, directly or indirectly, derives gross income from providing such aid, assistance, or advice in an amount that exceeds the threshold amount. For a material advisor providing advice to an entity and not an individual, the "threshold amount" is any of the following: • $25,000 if the reportable transaction is a listed transaction (as defined in the U.S. Treasury Regulations). • $250,000 if the reportable transaction is not a listed transaction. For a material advisor providing advice to an individual, the "threshold amount" is any of the following: • $10,000 if the reportable transaction is a listed transaction (as defined in the U.S. Treasury Regulations). • $50,000 if the reportable transaction is not a listed transaction. A material advisor that is required to disclose a reportable transaction to the IRS must file a copy of the disclosure with the Department of Revenue within 60 days of the date it is required for federal income tax purposes, if the reportable transaction affects the taxpayer's Wisconsin income or franchise tax liability. For federal purposes, the form required for this disclosure is Form 8918. If you are required to file Form 8918 for federal income tax purposes and the reportable transaction to which the form relates affects the taxpayer's Wisconsin income or franchise tax liability, send a paper copy, separate from the Wisconsin return, to the following address: Wisconsin Department of Revenue, Tax Shelters Program, PO Box 8906, CAUTION: Wisconsin law provides that certain related entity expenses shall not be allowed as deductions if they are not timely disclosed as required by the Department of Revenue. Also, penalties may apply for failure to disclose reportable transactions to the department.

IC-102 (R. 10-25) 6 Madison, WI 53708-8906. Include a listing of the names and identification numbers of each Wisconsin taxpayer for whom the advisor provided services to.

Internal Revenue Service Adjustments , Amended Returns, and Claims for Refund Internal Revenue Service Adjustments. If an exempt organization's federal tax return is adjusted by the IRS and such adjustments affect the Wisconsin net tax payable, the amount of a Wisconsin credit, or a Wiscon sin loss carryforward, you must report such adjustments to the Department of Revenue within 180 days after they become final by either filing an amended Wisconsin franchise/income tax return or mailing a copy of the final federal audit report. Send a copy of the final federal audit reports and any associated amended Wisconsin returns to the Wisconsin Department of Revenue, PO Box 8908, Madison, WI 53708 -8908. If submitting a federal audit report without an amended return, mail it to the Audit Bureau, Wisconsin Department of Revenue, PO Box 8906, Madison, WI 53708-8906. Don't attach these items to the tax return for the current year. Amended Returns. After you have filed a complete, original tax return, you may file an amended return to correct a tax return as you originally filed it or as it was later adjusted by an amended return, a claim for refund, or an office or field audit. If you file an amended federal return and the changes affect the Wisconsin net tax payable, the amount of a Wisconsin credit, or a Wisconsin loss carryforward, you must file an amended Wisconsin return with the Department of Revenue within 180 days after filing the amended federal return. To file an amended Wisconsin return, put a check mark on the line next to item D1 on the front of the return, complete the return, and include Schedule AR to explain any changes made. Show computations in detail, including any applicable supplemental forms or schedules. Also show how you figured your refund or additional amount owed. Where applicable, the line- by-line instructions in this booklet provide specific instructions for how to compute the amounts on an amended return. Claims for Refund. A claim for refund must be filed within 4 years of the unextended due date of the return. However, a claim for refund to recover all or part of any tax or credit paid as a result of an office or field audit must be filed within 4 years after such an assessment. That assessment must have been paid and must not have been protested by filing a petition for redetermination. See section Tax 2.12, Wisconsin Administrative Code , for more information. Economic Development Surcharge The economic development surcharge applies to corporations having gross receipts from all unrelated trade or business activities of $4 million or more during the taxable year. Corporations that must file Wisconsin franchise or income tax returns must pay the economic development surcharge, with certain exceptions. The surcharge doesn't apply to: • Exempt corporations that have less than $4 million of gross receipts from all unrelated trade or business activities for federal income tax purposes. • "Gross receipts from all unrelated trade or business activities" includes gross receipts, gross sales, the gross sales price from the disposition of capital assets and business assets, gross rents, gross income from unrelated debt - financed property, gross interest, annuities, royalties, and rents from controlled organizations, gross investment income, gross exploited exempt activity income, gross advertising income, gross receipts passed through from other entities, and all other receipts that are included in unrelated business taxable income for Wisconsin income tax purposes. For more information, refer to Publication 400, Wisconsin's Economic Development Surcharge .

IC-102 (R. 10-25) 7 Information Returns If an exempt organization pays $600 or more in rents, royalties, or certain nonwage compensation to one or m ore individuals, the exempt organization must file an information return to report those payments. You may use Wisconsin Form 9b, Miscellaneous Income, or you may use federal Form s 1099 or 1099-NEC instead of Form 9b. For more information, see the Form 9b instructions. Wisconsin Use Tax Exempt organizations that don't hold a Wisconsin Certificate of Exempt Status (CES#) and purchase taxable tangible personal property, certain coins and stamps, certain leased properties affixed to real estate, certain digital goods, or taxable services for storage, use, or consumption in Wisconsin without payment of a sales or use tax may owe Wisconsin state, county, or stadium use tax and be required to file a Wisconsin sales and use tax return. For more information or forms, visit the d epartment's web site at revenue.wi.gov/Pages/FAQS/home.aspx, e-mail DORSalesandUse@wisconsin.gov, fax your question to (608) 267-1030, call (608) 266-2776, or write to the Wisconsin Department of Revenue, PO Box 8946, Madison, WI 53708-8946. Penalties for Not Filing or Filing Incorrect Returns If you don't file a Form 4T that you are required to file, or if you file an incorrect Form 4T due to negligence or fraud, interest and penalties may be assessed against you. The interest rate on delinquent taxes is 18% per year. Civil penalties may be as much as 100% of the amount of tax not reported on the return. Criminal penalties for filing a false return include a fine of up to $10,000 and imprisonment. Further, if you fail to disclose reportable transactions, you may be subject to the penalties described in sec. 71.81, Wis. Stats., including a $30,000 penalty for failure to disclose a listed transaction. Conformity With Internal Revenue Code and Exceptions The Wisconsin income and franchise tax law applicable is based on the federal Internal Revenue Code ("IRC"). The IRC generally applies for Wisconsin purposes at the same time as for federal purposes. For taxable years beginning on or after January 1, 2025, Wisconsin's definition of the IRC is the IRC as of December 31, 2024 with exceptions. Below is a listing of the exceptions. Note: The exceptions and provisions adopted by Wisconsin listed below are those in effect as of the publication date of these instructions. It is possible that subsequent changes in Wisconsin law may add or eliminate some exceptions applicable to taxable years beginning in 2025.

Provisions of the Internal Revenue Code Adopted by Wisconsin:

Changes made by the following public laws apply for Wisconsin purposes for taxable years beginning after December 31, 2024:

• Sections 70306, 70352, 70413, 70414, 70431, and 71306 of P.L. 119-21

o Section 70306, relating to increased dollar limitations for expensing of depreciable business assets under Section 179, IRC.

o Section 70352, relating to the repeal of the election for a 1-month deferral in the determination of the taxable year of specified foreign corporations o Section 70413, relating to adding certain educational materials for elementary and secondary school students to the definition of "qualified higher education expenses" for the purposes of accounts under Section 529, IRC.

IC-102 (R. 10-25) 8 o Section 70414, relating to adding certain postsecondary credentialing expenses to the definition of "qualified higher education expenses" for the purposes of accounts under Section 529, IRC. o Section 70431, increasing the percentage of gains on qualifying small business stock that can be excluded from income, increasing the maximum gain per issuer that can be excluded from income, and increasing the maximum amount of assets a qualifying small business can have. o Section 71306, relating to a permanent safe harbor for high-deductible health plans offering telehealth services without a deductible.

Provisions of the Internal Revenue Code Not Adopted by Wisconsin:

• Sections 1, 3, 4, and 5 of P.L. 106- 519, which repealed foreign sales corporation provisions and replaced with extraterritorial income provisions. • Sections 101, 102, and 422 of P.L. 108-357, which repealed the exclusion for extraterritorial income, domestic production activities deduction, and the creation of sec. 965 - incentives to reinvest foreign earnings in the U.S. • Sections 1310 and 1351 of P.L. 109-58, which provides for the modification to special rules for nuclear decommissioning costs, repeal of the limitation on contract research expenses paid so small businesses, universities, and federal laboratories. • Section 11146 of P.L. 109-59, the tax treatment of state ownership of railroad real estate investment trust. • Section 403(q) of P.L. 109- 135, which provides incentives to reinvest foreign earnings from controlled foreign corporations in the U.S. • Section 513 of P.L.109- 222, which repeals foreign sales corporation/extraterritorial income exclusion binding contract relief. • Section 104 of P.L. 109-432, which increases the rates of the alternative incremental credit and provides a new alternative simplified credit • Sections 8233 and 8235 of P.L. 110- 28, which created a special rule for banks required to change from the reserve method of accounting in becoming tax -option (S) corporations and the elimination of all earnings and profits attributable to pre-1983 years. • Section 11(e) and (g) of P.L. 110- 172, which provides clerical amendments to research credits for controlled corporations and common control, and clerical amendments to the FSC Repeal and Extraterritorial Income Exclusion Act of 2000. • Section 301 of P.L. 110-245, which provides for tax responsibilities of expatriation. • Section 15351 of P.L. 110-246, limits the amount of farm losses that may offset non-farming business income to $300,000. • Section 302 of division A, section 401 of division B, and sections 312, 322, 502(c), 707, and 801 of division C of P.L. 110-343, which limits executive compensation for employers participating in troubled assets relief program for the taxable year in which the troubled assets exceed $300,000,000. Caps the domestic production activities deduction at 6% for oil-related activities. The deduction for income attributable to domestic production activities in Puerto Rico applies to the first 8 taxable years beginning before January 1, 2010. Tax incentives for investment in the District of Columbia includes exclusion for gain on sale of an asset held from more than 5 years. Defines wages for purposes of the domestic production activities deduction. Creates sec. 198A to provide for expensing of disaster expenses for control of hazardous substances. Specifies treatment of nonqualified deferred compensation plans maintained by foreign corporations. • Sections 1232, 1251, 1501, and 1502 of division B of P.L. 111-5, which suspends the special rules for original

IC-102 (R. 10-25) 9 issue discount on high yield obligations issued during the period 9/1/2008 and 12/31/2009. Provides that no builtin-gain tax is imposed on a tax-option (S) Corporation for a taxable year beginning in 2009 and 2010 if the seventh taxable year in the corporation's recognition period preceded such taxable year. Tax-exempt obligations held by financial institutions, in an amount not to exceed 2 percent of the adjusted basis of the financial institution's assets, are not taken into account for determining the portion of the financial institutions interest expense subject to the pro rata interest disallowance rule of sec. 265(b). Modification of the small insurer exception to tax-exempt interest expense allocation rules for financial institutions. • Sections 211, 212, 213, 214, and 216 of P.L. 111-226, which adopts a matching rule to prevent the separation of foreign taxes from the associated foreign income, denies a foreign tax credit for the disqualified portion of any foreign income tax paid in connection with a covered asset acquisition, provides a separate application of foreign tax credit limitation to items resourced under treaties, limits the amount of foreign taxes deemed paid with respect to sec. 956 inclusions, treats a foreign corporation as a member of an affiliated group for interest allocation and apportionment purposes in more than 50% of gross income is effectively connected income and at least 80% of either the vote or value of all outstanding stock is owned directly or indirectly by members of the affiliated group. • Section 2122 of P.L. 111-240, which clarifies the income sourcing rules for guarantee fees. • Sections 754 and 760 of P.L. 111- 312, which specifies certain tax incentives for investments in the District of Columbia and specifies that gross income does not include gain on certain small business stock. • Sections 104, 318, 322, 323, 326, 327, and 411 of P.L. 112- 240, which makes the alternative minimum tax exemption permanent and indexed for inflation, extends through 2013 the deduction with respect to income attributable to domestic production activities in Puerto Rico, extends the subpart F exception for active financing income, extends the look-thru treatment of payments between related controlled foreign corporations under foreign personal holding company, extends through 2013 the reduction in tax-option (S) Corporation built-in gains tax and clarifies treatment of installment sales, provides a 60% exclusion for gain on small business stock acquired before 2019, and extends through 2013 the rules that allow gain certain sales of electric transmission property to be recognized ratably over 8 taxable years. • Public Law. 114-7, relating to contributions for relief of slain New York Police Detectives. • Section 1101 of P.L. 114-74 relating to partnership rules. • Section 305 of division P of P.L. 114-113, relating to the transportation costs of independent refiners. • Sections 123, 125-128, 143, 144, 151-153, 165-167, 169-171, 189, 191, 326, and 411 of division Q of P.L. 114- 113. o Section 123, relating to extension of 15-year straight-line cost recovery for qualified leasehold improvements, qualified restaurant buildings and improvements, and qualified retail improvements. o Section 125, relating to the extension of treatment of certain dividends of regulated investment companies. o Section 126, relating to the extension of exclusion of 100 percent of gain on certain small business stock. o Section 127, relating to the extension of reduction in S-corporation recognition period for built-in gains tax. o Section 128, relating to the extension of subpart F exception for active financing income. o Section 143, relating to the extension and modification of bonus depreciation. o Section 144, relating to the extension of look-thru treatment of payments between related controlled foreign corporations under foreign personal holding company rules. o Section 151, relating to the extension and modification of exclusion from gross income of discharge of qualified principal residence indebtedness. o Section 152, relating to the extension of mortgage insurance premiums treated as qualified residence interest. o Section 153, relating to the extension of above-the-line deduction for qualified tuition and related expenses. o Section 165, relating to the extension of classification of certain race horses as 3-year property. o Section 166, relating to the extension of 7-year recovery period for motorsports entertainment complexes. o Section 167, relating to the extension and modification of accelerated depreciation for business property on an Indian reservation. o Section 169, relating to the extension of special expensing rules for certain film and television productions; special expensing for live theatrical productions. o Section 170, relating to the extension of deduction allowable with respect to income attributable to domestic

IC-102 (R. 10-25) 10 production activities in Puerto Rico. o Section 171, relating to the extension and modification of empowerment zone tax incentives. o Section 189, relating to the extension of special allowance for second generation biofuel plant property. o Section 191, relating to the extension of special rule for sales or dispositions to implement FERC or State electric restructuring policy for qualified electric utilities.

o Section 326, relating to the dividends derived from RICs and REITs ineligible for deduction for United States source portion of dividends from certain foreign corporations. o Section 411, relating to the partnership audit rules. • Sections 11011, 11012, 13201 (a) to (e) and (g), 13206, 13221, 13301, 13304 (a), (b), and (d), 13531, 13601, 13801, 14101, 14102, 14103, 14201, 14202, 14211, 14212, 14213, 14214, 14215, 14221, 14222, 14301, 14302, 14304, and 14401 of P.L. 115−97: o Section 11011, relating to the 20% deduction for domestic qualified business income. o Section 11012, relating to the limitation on losses for taxpayers other than corporations. o Section 13201 (a) to (e) and (g), relating to the temporary 100% expensing for certain business assets (bonus depreciation). o Section 13206, relating to the amortization of research and experimental expenditures beginning in 2022. o Section 13221, relating to special rules for the taxable year of inclusion. o Section 13301, relating to the 30% taxable income limitation for the deduction of interest. o Section 13304(a), (b), and (d) relating to the limit on the deduction by employers of fringe benefits (meals, entertainment, and transportation). o Section 13531, relating to the limitation on deductions for FDIC premiums. o Section 13601, relating to the modification of the limitation on excessive employee remuneration. o Section 13801, relating to the production period for beer, wine, and distilled spirits. o Section 14101, relating to the deduction for the foreign- source portion of dividends received by domestic corporations from specified 10% owned foreign corporations. o Section 14102, relating to the special rules for sale or transfers involving specified 10% owned foreign corporations. o Section 14103, relating to the treatment of deferred foreign income upon transition to a participation exemption system of taxation. o Section 14201, relating to the current year global intangible low-taxed income by U.S. shareholders. o Section 14202, relating to the deduction for foreign derived intangible income and global intangible low-taxed income. o Section 14211, relating to the elimination of the inclusion of foreign base company oil related income. o Section 14212, relating to the repeal of the inclusion based on withdrawal of previously excluded subpart F income from qualified investment. o Section 14213, relating to the modification of stock attribution rules for determining the status as a controlled foreign corporation. o Section 14214, relating to the modification of the definition of a U.S. shareholder. o Section 14215, relating to the elimination of the requirement that a corporation must be controlled for 30 days before the subpart F inclusions apply. o Section 14221, relating to the limitations on income shifting through intangible property transfers. o Section 14222, relating to certain related party amounts paid or accrued in hybrid transactions or with hybrid entities. o Section 14301, relating to the repeal of section 902 - indirect foreign tax credits, and determination of the deemed paid credit for subpart F inclusions under sec. 960 on a current year basis. o Section 14302, relating to the separate foreign tax credit limitation basket for foreign branch income. o Section 14304, relating to the election to increase the percentage of domestic taxable income offset by the

IC-102 (R. 10-25) 11 overall domestic loss treated as foreign source. o Section 14401, relating to the base erosion anti-abuse tax. • Sections 40304, 40305, 40306, and 40412 of P.L. 115-123: o Section 40304, relating to the extension of classification of certain race horses as 3-year property. o Section 40305, relating to the extension of 7-year recovery period for motor-sports entertainment complexes. o Section 40306, relating to the extension of accelerated depreciation for business property on an Indian reservation. o Section 40412, relating to the extension of special allowance for second generation biofuel plant property. • Section 101 (c) of division T of P.L. 115- 141, relating to the application of section 199 to certain qualified payments paid after 2017 for payments received by a patron from a specified agricultural or horticultural cooperative for qualified production activities income • Sections 101 (d) and (e), 102, 201 to 207, 301, 302, and 401 (a) (47) and (195), (b) (13), (17), (22) and (30), and (d) (1) (D) (v), (vi), and (xiii) and (xvii) (II) of division U of P.L. 115-141: o Sections 101 (d) and (e) and 102, relating to technical corrections to bonus depreciation, alternative minimum tax requirements for qualified Indian reservation property, and qualified production activities income made by the Protecting Americans from Tax Hikes Act of 2015 and the Consolidated Appropriations Act, 2016. o Sections 201 to 207 relating to partnership audit rules. o Sections 301 and 302, relating to amendments to regulatory requirements for partnership returns and the definition of qualified small power production facilities made by the Bipartisan Budget Act of 2015 and the Energy Policy Act of 2005. o Section 401 (a) (47) and (195), (b) (13), (17), (22) and (30), and (d) (1) (D) (v), (vi), and (xiii) and (xvii) (II), relating to clerical corrections and deadwood- related provisions to the following: exempt facility bonds, tax - exempt enterprise zone facil ity bonds, the special allowance for qualified disaster assistance property, reducing the dividends received deduction where portfolio stock is debt financed, exemption from tax on corporations, certain trusts, etc., requirements of domestic international sales corporations, dividends received by corporations, rules applied to deductions for dividends received, the foreign tax credit, and dividends received by corporations. • Sections 104, 114, 115, 116, 130, and 145 of division Q of P.L. 116-94: o Section 104, relating to the deduction of qualified tuition and related expenses. o Section 114, relating to the classification of certain race horses as 3-year property. o Section 115, relating to the 7-year recovery period for motorsports entertainment complexes. o Section 116, relating to the accelerated depreciation for business property on Indian reservations. o Section 130, relating to special allowance for second generation biofuel plant property. o Section 145, relating to look-thru rule for related controlled foreign corporations. • Sections 2304 and 2306 of P.L. 116-136: o Section 2304, relating to the modification of limitations on losses for taxpayers other than corporations. o Section 2306, relating to the modifications of limitation on business interest. • Sections 111, 114, 115, 116, 118 (a) and (d), 133, 137, 138, and 210 of division EE of P.L. 116-260: o Section 111, relating to the look-thru rule for related controlled foreign corporations. o Section 114, relating to the exclusion from gross income of discharge of qualified principal residence indebtedness. o Section 115, relating to the 7-year recovery period for motorsports entertainment complexes. o Section 116, relating to the expensing rules for certain productions. o Section 118 (a) and (d), relating to empowerment zone tax incentives. o Section 133, relating to the treatment of mortgage insurance premiums as qualified residence interest. o Section 137, relating to the classification of certain racehorses as 3-year property. o Section 138, relating to the accelerated depreciation for business property on Indian reservations. • Section 210, relating to temporary allowance of full deduction for business meals. Sections 5003, 9041, 9673, 9675, and 9708 of P.L. 117-2.

IC-102 (R. 10-25) 12 o Section 5003, relating to additional restaurant revitalization grant funds. o Section 9041, relating to the excess business loss limitation extension for noncorporate taxpayers to December 31, 2026. o Section 9673, relating to restaurant revitalization grants not being included in gross income and deductions allowed. o Section 9675, relating to the exclusion from income for most student loans discharged after December 31, 2020, and before January 1, 2026. o Section 9708, relating to the expanded definition of "covered employee" for publicly held corporations deducting excessive employee remuneration. • Section 13903(b) of P.L. 117-169, relating to the extension of the excess business loss limitation for noncorporate taxpayers through December 31, 2028.

• Section 2 of P.L. 118-146, relating to charitable contributions to a post or organization of past or present members of the Armed Forces of the United States (veteran service organizations). • Sections 3 and 4 of P.L. 118-148, relating to the exclusion from income of disaster relief payments related to the train derailment in East Palestine, Ohio. • Sections 70301, 70302, 70303, 70307, 70309, 70322 (a), 70421, 70430, 70434, 70435, 70438, 70509, and 70602 of P.L. 119-21. o Section 70301, relating to 100% bonus depreciation for property acquired after January 19, 2025. o Section 70302, relating to full expensing for domestic research or experimental expenditures. o Section 70303, relating to excluding depreciation, amortization, and depletion deductions from the definition of adjusted taxable income for the purposes of the business interest expense limitation, and adding trailers and campers to the definition of a motor vehicle for the purposes of the floor plan financing rules. o Section 70307, relating to 100% depreciation allowance for certain real property used in manufacturing, production, or refining of tangible personal property. o Section 70309, relating to treating spaceports like airports under the exempt facility bond rules. o Section 70322 (a), relating to adding gains from the sale of intangible property and any other property subject to depreciation, amortization, or depletion to the list of income eligible for the foreign-derived deduction under Section 250, IRC. o Section 70421, relating to permanent renewal and enhancement of opportunity zones. o Section 70430, relating to exempting additional residential construction contracts from the percentage of completion method. o Section 70434, relating to adding sound recording productions to the definition of qualifying productions for the purpose of section 181, IRC. o Section 70435, relating to a 25% exclusion for interest income received by eligible lenders on loans secured by rural or agricultural real property. o Section 70438, relating to allowing an increased federal standard deduction for certain individuals with personal casualty losses from qualified disasters. o Section 70509, relating to removing certain solar and wind energy property from 5-year property if construction began after December 31, 2024. o Section 70602, relating to treatment of certain payments from partnerships to partners for property or services. • Section 2 of P.L. 119-29 , relating to allowing filing extensions for state declared disasters.

IC-102 (R. 10-25) 13

Other Exceptions to Internal Revenue Code The following federal provisions in effect as of December 31, 2024, are specifically excluded for Wisconsin franchise and income tax purposes: Depreciation and Bonus Depreciation

For taxable years beginning on or after January 1, 2014, for purposes of computing depreciation, depletion, and amortization, the Internal Revenue Code means the federal Internal Revenue Code in effect on January 1, 2014.

The provision that property required to be depreciated for taxable year 1986 under the Internal Revenue Code as amended to December 31, 1980, to continue to be depreciated under the Internal Revenue Code as amended to December 31, 1980, is limited to taxable years beginning before January 1, 2014. Wisconsin has not adopted federal bonus depreciation provisions. For Wisconsin purposes, depreciation, depletion, and amortization is computed based on the Internal Revenue Code in effect on January 1, 2014. Section 179 Expense Wisconsin has adopted federal section 179 expense provisions. For taxable years beginning on or after January 1, 2014, sections 179, 179A, 179B, 179C, 179D, and 179E of the Internal Revenue Code, related to expensing of depreciable business assets, apply for Wisconsin tax purposes. "Internal Revenue Code" means the federal Internal Revenue Code in effect for the year in which the property is placed in service. Accounting for Differences Adjustments may be necessary to account for differences between federal and Wisconsin taxable income because of the items described above. Exempt organizations show these adjustments on Part 1 and Part 2. See the instructions for line 1 for details.

Line-by-Line Instructions for Form 4T You must complete pages 1 and 2 of Form 4T and make appropriate entries on page 3. Do not enter "See attached" instead of completing the entry spaces. If more space is needed, use separate sheets using the same size and format as the printed forms. Round cents to the nearest whole dollar by eliminating amounts less than 50 cents and increasing amounts from 50 cents through 99 cents to the next higher dollar. The name and address information should be written on single lines. Do not stack the information on the lines . If more room is needed, abbreviate where possible. Do not write "None" on the amount lines if there is not an entry for the lines. Instead, leave the lines blank. Caution: Federal line numbers referred to on Form 4T and in these instructions may change if the IRS makes changes to their forms after this form is finalized. Items A Through K Before completing items A through K, fill in the exempt organization's 2025 taxable year at the top of the form and the organization's name and address. If the organization dissolved, enter the date of dissolution as the ending date of the 2025 taxable year.

IC-102 (R. 10-25) 14 ■ Item A. Wisconsin Department of Financial Institutions Number - Certain types of businesses must register with the Wisconsin Department of Financial Institutions (DFI). Fill in the number DFI assigned you when you registered. You can search for your DFI number on DFI's website at WI Corporate Records Search . For information on registering with DFI, visit DFI's website at DFI Business Entity Frequently Asked Questions.

■ Item B. Federal Employer Identification Number - Enter the exempt organization's federal employer identification number (EIN). If you haven't yet applied for a federal EIN, you may do so by filing federal Form SS -4 with the IRS, calling the IRS's toll-free number at (800) 829-4933, or applying online at http://www.irs.gov/Businesses/Small- Businesses-&-Self-Employed/Apply-for-an-Employer-Identification-Number-(EIN)-Online.

■ Item C. Business Activity (NAICS) Code - Enter the organization's principal business activity code, based on the North American Industry Classification System (NAICS), from your federal return. If your federal return is a consolidated return, go to census.gov/naics/ to find the NAICS code for your principal business activity. ■ Item D. State and Year of Organization - Enter the 2-letter postal abbreviation for the state (or name of the foreign country) under whose laws the organization was formed or organized and the year of formation or organization. ■ E1. Amended Return - Check here if this is an amended return. Include Schedule AR detailing the lines you are changing and any supporting form or schedule. ■ E2. First Return - Check here if this is the first year that you are filing a Wisconsin return because the corporation wasn't in existence or didn't do business in Wisconsin in prior years. ■ E3. Final Return - If the corporation ceased to exist or withdrew from Wisconsin during the year and will no longer be filing Form 4T, check here and submit a copy of your plan of liquidation and federal Form 966 if the corporation liquidated. Note: checking this box will not close all your accounts with the department; only the corporation account will close. ■ E4-5. Short Period - Indicate that a short period return is being filed due to a change in the corporation's accounting period or a stock purchase or sale by checking the appropriate line. Be sure to use the correct year's tax return when filing for a short period. If the tax returns are not yet available, wait until the returns become available and file under extension. For example, if a taxpayer has a short period from January 1, 2026 through February 28, 2026, the 2026 Form 4T will not be ready by July 15, 2026 (unextended due date for a February 28 year-end). Wisconsin law follows the federal extension provisions but provides for an additional 30-day extension beyond the federal extension, so filing under extension will allow the correct years return to be filed when the 2026 Form 4T is available (typically November 1). Note that an extension does not extend the time to pay a balance due. To avoid interest charges, pay the amount due by the unextended due date. ■ Item F. Extended Due Date - Check here if the exempt organization has an extension of time to file its Wisconsin return and enter the extended due date. Disaster Relief Extension. If you are filing under extension because of a federal or state disaster, include a statement indicating which disaster extension you are using and attach it to your return. Additional information on disaster areas can be found here: revenue.wi.gov/Pages/FAQS/pcs-extensn.aspx#ext5

■ Item G. Schedule RT Required - Check here if the exempt organization is filing Schedule RT, Wisconsin Related Entity Expenses Disclosure Statement, with its return. Schedule RT is generally required if the exempt organization pays, accrues, or incurs more than $100,000 of expenses to a related person or entity in the taxable year. See the Schedule RT instructions for details of the requirement to file Schedule RT. ■ Item H. Name Change - Check here if the organization changed its name during the taxable year.

IC-102 (R. 10-25) 15 ■ Item I. Internal Revenue Service Adjustment - If an organization's federal tax return is adjusted by the IRS and the adjustments affect the Wisconsin net tax payable, the amount of a Wisconsin credit, a Wisconsin net business loss carryforward, or a Wisconsin capital loss carryforward, you must report the adjustments to the Department of Revenue within 180 days after they become final. Send a copy of the final federal audit reports and any associated amended Wisconsin returns to the Wisconsin Department of Revenue, PO Box 8908, Madison, WI 53708 -8908. If submitting a federal audit report without an amended return, mail it to the Audit Bureau, Wisconsin Department of Revenue, PO Box 8906, Madison, WI 53708-8906. Don't include these items with the tax return for the current year. ■ Item J. Type of Organization - Check the line that indicates how the organization will be taxed. Failure to check the proper box may result in the incorrect processing of your return. ■ Item K. Name of Trustee - Enter the name of the trustee if the organization is taxable as a trust.

Lines 1 Through 13 - Organizations Taxable as Corporations ■ Line 1. Federal Unrelated Business Taxable Income - Enter the amount from federal Form 990- T, Part I, line 11. This is federal unrelated business taxable income after the net operating loss deduction and special deductions. All income that is realized from the sale of or purchase and subsequent sale or redemption of lottery prizes if the winning tickets were originally bought in Wisconsin must be reported to Wisconsin. Tax-exempt corporations are required to make adjustments to Part 1 - Additions and Part 2 - Subtractions on Form 4T unless the adjustments are not required because of how the exempt entity computes its unrelated business taxable income under IRC sec. 512. If any changes to the IRC or depreciation or amortization differences described above affect the computation of federal unrelated business taxable income but don't apply for Wisconsin purposes, enter the adjustments on lines 2 or 4. ■ Line 2 - Additions - Enter the total additions from Part 1 on page 3. Instructions for how to complete Part 1 - Additions: • Line 1. Interest Income - Enter interest income, less related expenses, received on state and municipal obligations that was excluded from federal unrelated business taxable income, except interest which is by law exempt from Wisconsin taxation. Enter only the state or municipal interest that is considered unrelated business taxable income. • Line 2. State Taxes - Enter the amount of taxes deducted from federal unrelated business taxable income under IRC section 164. • Line 3. Capital Gains and Losses - For corporations, capital losses are allowed in the current taxable year only to the extent of capital gains. • Line 4. Net Operating Loss Carryover - Enter the amount of any federal net operating loss carryover. • Lines 5. Related Entity Expenses - An exempt organization taxable as a corporation must make an addition modification to "add back" management fees, intangible expenses, interest expenses, or rental expenses that are paid, accrued, or incurred to a related entity. These expenses must generally also be disclosed on Schedule RT. See page 3 of the Schedule RT instructions for further details of the expenses required to be disclosed on Schedule RT and added back to income on Part 1 of Schedule RT. After the corporation makes this addition modification, the corporation uses Part II of Schedule RT to determine if NOTE: Lines 1 through 13 are only for exempt organizations taxable as corporations. Exempt organizations taxable as trusts must skip lines 1 through 13 and begin on line 14.

IC-102 (R. 10-25) 16 it is eligible for a deduction for any of the amount added back. The corporation then makes a subtraction modification on Part 2 in the amount it is eligible to deduct. If the corporation is a partner, member, or beneficiary of a pass-through entity, also include the amount of modification included on line 22a of Schedule 3K-1 and line 14a of Schedule 2K-1, as applicable. • Line 6. Reserved for Future Use • Line 7. Transitional Adjustments - Transitional adjustments are not applicable for organizations taxable as corporations. • Line 8. Credits Includable in Income - For certain credits, you must include the credit amount in your income. Enter on line 8 the total of the following credit amounts, if applicable: Credit Schedule Business Development Credit Schedule BD Community Rehabilitation Program Credit Schedule CM Reserved for Future Use N/A Reserved for Future Use N/A Electronics and Information Technology Manufacturing Zone Credit Schedule EIT Employee College Savings Account Contribution Credit Schedule ES Enterprise Zone Jobs Credit Schedule EC Farmland Preservation Credit Schedules FC & FC-A Reserved for Future Use N/A Manufacturing & Agriculture Credit 2024 Schedule MA-M and Schedule MA-A Research Expense Credit Schedule R

o Line 9. Other Additions - Enter any other amount subject to Wisconsin taxation, less any expense amount allocable to it, which has been excluded or deducted in the computation of federal unrelated business taxable income: o E nter all income that is realized from the sale of or purchase and subsequent sale or redemption of lottery prizes if the tickets were originally bought in Wisconsin. o Adjustments required because of changes made to the Internal Revenue Code which don't apply for Wisconsin. Refer to the list of provisions of the Internal Revenue Code not adopted by Wisconsin above for items that may require adjustment. o Moving expenses, as defined in sec. 71.01 (8j), Wis. Stats., paid or incurred during the taxable year to move the taxpayer's Wisconsin business operation, in whole or in part, to a location outside the state or to move the taxpayer's business operations outside the United States may not be deducted as provided under the Internal Revenue Code.

■ Line 4 - Subtractions - Enter the total subtractions from Part 2 on page 3. Instructions for how to complete Part 2 - Subtractions: • Line 1. Interest Income - Enter interest and dividend income, less related expenses, received on obligations and certain securities of the United States government that was included in federal unrelated business taxable income and is exempt from state income taxation. • Line 2. Capital Gains and Losses For corporations, capital losses are allowed in the current taxable year only to the extent of capital gains. • Line 3. Net Operating Loss Carryforward - Enter the amount of any Wisconsin net operating loss carryforward. The Wisconsin net operating loss is the federal net operating loss plus or minus modifications required for Wisconsin tax purposes. Net operating losses from years before the exempt organization became subject to Wisconsin

IC-102 (R. 10-25) 17 income taxation can't be included on line 3. • Line 4. Related Entity Expenses - An exempt organization taxable as a corporation must make an addition modification to "add back" management fees, intangible expenses, interest expenses, or rental expenses that are paid, accrued, or incurred to a related entity if that interest was deducted from federal unrelated business taxable income. The "addback" is reported on Part 1, line 5. After the corporation makes this addition modification, it completes Part II of Schedule RT to determine if it is eligible for a deduction for any of the amount added back. The corporation then makes a subtraction modification on Part 2, line 4, for the amount it is eligible to deduct. See the Schedule RT instructions for details of the conditions necessary to claim this subtraction.

If the corporation is a partner, member, or beneficiary of a pass- through entity, also include the amount of modification included on line 22a of Schedule 3K-1 and line 14a of Schedule 2K-1, as applicable. • Line 6. Transitional Adjustments - Transitional adjustments are not applicable for organizations taxable as corporations. • Line 7. Other Subtractions - Enter any amount not subject to Wisconsin taxation that was included in federal unrelated business taxable income, or any deduction allowed for Wisconsin that wasn't deducted federally (such as development zones investment credit recaptured): o Include on line 6 any income that was included in federal unrelated business taxable income but not sourced to Wisconsin. o Adjustments required because of changes made to the Internal Revenue Code which don't apply for Wisconsin. Refer to the list of provisions of the Internal Revenue Code not adopted by Wisconsin for items that may require adjustment.

■ Line 5. Nonapportionable and Separately Accounted Income - Nonapportionable Income - Form N: Nonapportionable income is that income which is allocable directly to a particular state. It includes income or loss derived from the sale of nonbusiness real or tangible personal property or from rentals and royalties from nonbusiness real or tangible personal property. This income is assigned to the state where the property is located. All income that is realized from the sale of or purchase and subsequent sale or redemption of lottery prizes if the winning tickets were originally bought in Wisconsin shall be allocated to Wisconsin. Except for income from lottery prizes described above, the intangible income of a personal holding company is nonapportionable and is assigned to the state of incorporation. Total nonapportionable income (loss) is removed from total company net income before the apportionment percentage is applied using Form N. The Wisconsin nonapportionable income (loss) is then combined with the Wisconsin apportionable income to arrive at Wisconsin net income. Separate Accounting - Forms C and N: If using the separate accounting method, don't complete lines 5 through 9. An exempt organization engaged in a nonunitary business in and outside Wisconsin must determine the amount of income attributable to Wisconsin by separate accounting. The exempt organization uses Form C, Wisconsin Allocation and Separate Accounting Data, to compute the amount attributable to Wisconsin by separate accounting and uses Form N, Wisconsin Nonapportionable, Separately Accounted, and Separately Apportioned Income, to report the separate accounting amount. This is because the income determined under separate accounting from Form C, line 16 is entered on Form N, line 6. A nonunitary business is one in which the operations in Wisconsin aren't dependent upon or contributory to the operations outside Wisconsin. Under s eparate accounting, the exempt organization must keep separate records of the

IC-102 (R. 10-25) 18 sales, cost of sales, and expenses for the Wisconsin business. ■ Lines 6 through 8. Apportionment Data - If using the apportionment method, complete one of the following schedules to compute the apportionment percentage: • Schedule A-01, Wisconsin Single Sales Factor Apportionment Data for Nonspecialized Industries • Schedule A-02, Wisconsin Apportionment Percentage for Interstate Financial Institutions, • Schedule A-03, Wisconsin Apportionment Percentage for Interstate Motor Carriers, • Schedule A-04, Wisconsin Apportionment Percentage for Interstate Telecommunications Companies, • Schedule A-05, Wisconsin Premiums Factor for Insurance Companies, • Schedule A-06, Wisconsin Receipts Factor for Interstate Brokers-Dealers, Investment Advisors, Investment Companies, and Underwriters, • Schedule A-07, Wisconsin Apportionment Percentage for Interstate Air Carriers, • Schedule A-08, Wisconsin Apportionment Percentage for Broadcasters, • Schedule A-09, Wisconsin Apportionment Percentage for Interstate Railroads, • Schedule A-10, Wisconsin Apportionment Percentage for Interstate Pipeline Companies, or • Schedule A-11, Wisconsin Apportionment Percentage for Interstate Air Freight Forwarders Affiliated with a Direct Air Carrier ■ Line 9. Wisconsin nonapportionable and Separately Accounted Income - Nonapportionable Income - Form N: Nonapportionable income is that income which is allocable directly to a particular state. It includes income or loss derived from the sale of nonbusiness real or tangible personal property or from rentals and royalties from nonbusiness real or tangible personal property. This income is assigned to the state where the property is located. All income that is realized from the sale of or purchase and subsequent sale or redemption of lottery prizes if the winning tickets were originally bought in Wisconsin shall be allocated to Wisconsin. Except for income from lottery prizes described above, the intangible income of a personal holding company is nonapportionable and is assigned to the state of incorporation. Total nonapportionable income (loss) is removed from total company net income before the apportionment percentage is applied using Form N. The Wisconsin nonapportionable income (loss) is then combined with the Wisconsin apportionable income to arrive at Wisconsin net income. Separate Accounting - Forms C and N: If using the separate accounting method, don't complete lines 5 through 9. An exempt organization engaged in a nonunitary business in and outside Wisconsin must determine the amount of income attributable to Wisconsin by separate accounting. The exempt organization uses Form C, Wisconsin Allocation and Separate Accounting Data, to compute the amount attributable to Wisconsin by separate accounting and uses Form N, Wisconsin Nonapportionable, Separately Accounted, and Separately Apportioned Income, to report the separate accounting amount. This is because the income determined under separate accounting from Form C, line 16 is entered on Form N, line 6. A nonunitary business is one in which the operations in Wisconsin aren't dependent upon or contributory to the operations outside Wisconsin. Under s eparate accounting, the exempt organization must keep separate records of the sales, cost of sales, and expenses for the Wisconsin business. ■ Line 11. Gross Tax - Enter 7.9% of the Wisconsin unrelated business taxable income reported on line 10. ■ Line 12. Nonrefundable Credits - Enter any nonrefundable credits the exempt organization is claiming from Schedule CR. However, you may not offset these credits against the economic development surcharge. If you are claiming more than one credit, you must claim the credits in a specific order. To receive any credits, the taxpayer

IC-102 (R. 10-25) 19 must include the appropriate credit computation schedules. See the Schedule CR instructions for details. If you are using credits carried forward from prior years or have current year unused credits that are being carried forward, complete and include a Schedule CF for each credit. To determine if the organization qualifies for any credits, see Publication 123, Business Tax Incentives , which is available on the Department of Revenue's web site at revenue.wi.gov/html/taxpubs.html. ■ Line 13. Net Tax - Subtract line 12 from line 11. If line 12 is greater than line 11, enter zero (0).

Lines 14 Through 23 - Organizations Taxable as Trusts ■ Line 14. Federal Unrelated Business Taxable Income - Enter the amount from federal Form 990-T, Part I, line 11. However, if the trust is required to file Form 4720, enter the amount of federal unrelated business taxable income as computed in the supporting schedules to Form 4720. The amount on line 14 should be af ter applying the net operating loss deduction and special deductions.

■ Line 15. Trust Additions - Federal unrelated business taxable income on Form 4T, line 14, may include items that aren't deductible for Wisconsin tax purposes, or it may not include items that are taxable for Wisconsin tax purposes. Complete Part 1 on page 3 and enter the total to account for these differences.

Instructions for how to complete Part 1 - Additions: • Line 1. Interest Income - Enter interest income, less related expenses, received on state and municipal obligations that was excluded from federal unrelated business taxable income, except interest which is by law exempt from Wisconsin taxation. Enter only the state or municipal interest that is considered unrelated business taxable income. • Line 2. State Taxes - Enter the amount of taxes deducted from federal unrelated business taxable income under IRC section 164. • Line 3. Capital Gains and Losses - If federal unrelated business taxable income includes capital gains or losses, complete Wisconsin Schedule 2 WD (Form 2) to determine if an adjustment is necessary to arrive at Wisconsin unrelated business taxable income. • Line 4. Net Operating Loss Carryover - Enter the amount of any federal net operating loss carryover. • Lines 5. Related Entity Expenses - An exempt organization taxable as a trust must make an addition modification to "add back" management fees and intangible, interest or rental expenses paid, accrued, or incurred to a related entity. These expenses must generally also be disclosed on Schedule RT. See the Schedule RT instructions for further details of the expenses required to be disclosed on Schedule RT and added back to income on Part 1. After the trust makes this addition modification, the trust uses Part II of Schedule RT to determine if it is eligible for a deduction for any of the amount added back. The trust then makes a subtraction modification on Part 2 in the amount it is eligible to deduct. If the trust is a partner, member, beneficiary, or shareholder of a pass-through entity, also include the amount of modification included on line 22a of Schedule 3K-1; line 14a of Schedule 2K-1; and line 18a of Schedule 5K -1, as applicable. CAUTION: If any changes to the Internal Revenue Code or differences described earlier affect the computation of federal unrelated business taxable income but don't apply for Wisconsin purposes, account for the differences on Parts 1 and 2 on page 3.

IC-102 (R. 10-25) 20 • Line 6. Reserved for Future Use • Line 7. Transitional Adjustments - Enter any transitional adjustments required by sec. 71.05(13), Wis. Stats., to account for differences between the federal and Wisconsin bases of changing basis assets (those subject to depreciation or amortization). Include a schedule showing the computation of each transitional adjustment made. • Line 8. Credits Includable in Income - For certain credits, you must include the credit amount in your income. Enter on line 8 the total of the following credit amounts, if applicable: Credit Schedule Business Development Credit Schedule BD Community Rehabilitation Program Credit Schedule CM Reserve for future use N/A Reserve for future use N/A Electronics and Information Technology Manufacturing Zone Credit Schedule EIT Employee College Savings Account Contribution Credit Schedule ES Enterprise Zone Jobs Credit Schedule EC Farmland Preservation Credit Schedules FC & FC-A Reserve for future use N/A Manufacturing & Agriculture Credit 2024 Schedule MA-M and Schedule MA-A Research Expense Credit Schedule R

o Line 9. Other Additions - Enter any other amount subject to Wisconsin taxation, less any expense amount allocable to it, which has been excluded or deducted in the computation of federal unrelated business taxable income: o Enter all income that is realized from the sale of or purchase and subsequent sale or redemption of lottery prizes if the tickets were originally bought in Wisconsin.

o Adjustments required because of changes made to the Internal Revenue Code which don't apply for Wisconsin. Refer to the list of provisions of the Internal Revenue Code not adopted by Wisconsin for items that may require adjustment. o Moving expenses, as defined in sec. 71.01 (8j), Wis. Stats., paid or incurred during the taxable year to move the taxpayer's Wisconsin business operation, in whole or in part, to a location outside the state or to move the taxpayer's business operations outside the United States may not be deducted as provided under the Internal Revenue Code.

■ Line 17. Trust Subtractions - Federal unrelated business taxable income on Form 4T, line 14, may not include items that are deductible for Wisconsin tax purposes, or it may include items that aren't taxable for Wisconsin purposes. Complete Part 2 on page 3 and enter the total.

Instructions for how to complete Part 2 - Subtractions: • Line 1. Interest Income - Enter interest and dividend income, less related expenses, received on obligations and certain securities of the United States government that was included in federal unrelated business taxable income and is exempt from state income taxation. • Line 2. Capital Gains and Losses - If federal unrelated business taxable income includes capital gains or losses,

IC-102 (R. 10-25) 21 complete Wisconsin Schedule 2 WD (Form 2) to determine if an adjustment is necessary to arrive at Wisconsin unrelated business taxable income. For example, an adjustment may be required because Wisconsin law allows an exclusion of 30% of the net capital gain from assets held more than one year (60% on farm assets held more than one year and on all farm assets acquired from a decedent). • Line 3. Net Operating Loss Carryforward - Enter the amount of any Wisconsin net operating loss carryforward. The Wisconsin net operating loss is the federal net operating loss plus or minus modifications required for Wisconsin tax purposes. Net operating losses from years before the exempt organization became subject to Wisconsin income taxation can't be included on line 3. • Line 4. Related Entity Expenses - An exempt organization taxable as a trust must make an addition modification to "add back" management fees, intangible expenses, interest expenses, or rental expenses that are paid, accrued, or incurred to a related entity if that interest was deducted from federal unrelated business taxable income. The "addback" is reported on Part 1, line 5. After the exempt organization makes this addition modification, it completes Part II of Schedule RT to determine if it is eligible for a deduction for any of the amount added back. The exempt organization then makes a subtraction modification on Part 2, line 4, for the amount it is eligible to deduct. See the Schedule RT instructions for details of the conditions necessary to claim this subtraction. If the exempt organization is a partner, member, beneficiary, or shareholder of a pass-through entity, also include the amount of modification included on line 22 b of Schedule 3K-1, line 14b of Schedule 2K -1, and line 18b of Schedule 5K-1, as applicable. • Line 6. Transitional Adjustments - Enter any transitional adjustment required by sec. 71.05(13), Wis. Stats., to account for differences between the federal and Wisconsin bases of changing basis assets (those subject to depreciation or amortization). Include a schedule showing the computation of each transitional adjustment. • Line 7. Other Subtractions - Enter any amount not subject to Wisconsin taxation that was included in federal unrelated business taxable income, or any deduction allowed for Wisconsin that wasn't deducted federally (such as development zones investment credit recaptured): o Include on line 6 any trust income that was included in federal unrelated business taxable income but not sourced to Wisconsin. o Adjustments required as a result of changes made to the Internal Revenue Code which don't apply for Wisconsin. Refer to the list of provisions of the Internal Revenue Code not adopted by Wisconsin for items that may require adjustment.

■ Line 19. Gross Tax - Compute the tax on the Wisconsin unrelated business taxable income on line 18 using the tax table located in the instructions. ■ Line 20. Nonrefundable Credits - Enter any nonrefundable credits the exempt organization is claiming from Schedule CR. However, you may not offset these credits against the economic development surcharge. If you are claiming more than one credit, you must claim the credits in a specific order. To receive any credits, the taxpayer must include the appropriate credit computation schedules. See the Schedule CR instructions for details. To determine if the organization qualifies for any credits, see Publication 123, Business Tax Incentives , which is available on the Department of Revenue's web site at revenue.wi.gov/html/taxpubs.html. ■ Line 21. Net Income Tax Paid to Other States - Wisconsin resident trusts may claim a credit for income tax paid to another state or the District of Columbia, subject to the following requirements. • The income taxed by the other state must be included in Wisconsin unrelated business taxable income, • The credit claimed must be for the net amount of tax paid to the other state (this may be more or less than the

IC-102 (R. 10-25) 22 amount paid as estimated tax), and • A copy of Wisconsin Schedule OS and the other state's tax return must be included with Form 4T. See Wisconsin Schedule OS for more information. Lines 25 Through 41 ■ Line 25. Economic Development Surcharge - Compute the surcharge as explained below. For further information, see Publication 400, Wisconsin's Economic Development Surcharge. Exempt organizations taxable as corporations: Enter the greater of $25 or 3% (0.03) of the gross tax on line 11, but not more than $9,800. Note: The economic development surcharge does not apply to exempt organizations taxable as corporations that have less than $4 million of gross receipts from all unrelated trade or business activities for federal income tax purposes. ■ Line 26. Endangered Resources Donation - (For exempt organizations taxable as corporations.) Your donation supports the preservation and management of more than 200 endangered and threatened Wisconsin plants and animals. It also helps protect Wisconsin's finest remaining examples of prairies, forests, and wetlands. Support endangered resources in Wisconsin. Fill in line 26 with the amount you wish to donate. Your gift will either reduce your refund or be added to tax due. You can also make an online donation at the following web site: https://www.billerpayments.com/app/donationsui/?bsn=swidnrdonations#/donations/payment You can also send a check directly to the Endangered Resources Fund, Department of Natural Resources, PO Box 7921, Madison WI 53707-7921. ■ Line 27. Veterans Trust Fund Donation - You may designate an amount as a veteran's trust fund donation. Your donation will be used by the Wisconsin Department of Veterans Affairs for the benefit of veterans or their dependents. Fill in line 27 with the amount you wish to donate. Your donation will either reduce your refund or be added to tax due. ■ Line 29. Estimated Tax Payments - Enter estimated tax payments made or overpayments applied from prior years' returns. Subtract any "quick refund" applied for on Form 4466W. ■ Line 30. Wisconsin Tax Withheld - Enter your share of Wisconsin tax withheld from pass -through entities of which you are a member, as reported on Wisconsin Schedules 2K-1, 3K-1, or 5K-1. Include a copy of the Schedule 2K-1, 3K-1, or 5K-1 with the tax return that you file. Also enter the amount of Wisconsin tax withheld from lottery prizes. If this is an amended return, enter the Wisconsin tax withheld reported on your original return, unless the amount you originally reported was incorrect. ■ Line 31. Refundable Credits - Enter any refundable credits the exempt organization is claiming from Schedule CR. To determine if the organization qualifies for any credits, see Publication 123, Business Tax Incentives (available at revenue.wi.gov/html/taxpubs.html). To claim a credit, complete the appropriate credit schedule as instructed by Publication 123, enter the credit amount on the appropriate line of Schedule CR, and include the credit schedule and Schedule CR with your return. ■ Line 32. Amended Return - Amount Previously Paid - Complete this line only if this is an amended 2025 Form 4T. Fill in the amount of tax you paid with your original Form 4T plus any additional amounts paid after it was filed. If you did not pay the full amount shown on your original Form 4T, fill in only the portion that you actually paid. Also, include any additional tax that may have resulted if your original return was changed or audited. This includes additional tax paid with a previously filed 2025 amended return and additional tax paid because of a department adjustment to your return. Do not include payments of interest or penalties.

IC-102 (R. 10-25) 23 ■ Line 34. Amended Return - Amount Previously Refunded - Complete this line only if this is an amended 2025 Form 4T. Fill in the refund from your original 2025 return (not including the amount applied to your 2026 estimated tax). If your refund was reduced because you owed underpayment interest or any penalties, fill in the amount of your refund before the reduction for underpayment interest or penalty. If your 2025 return was adjusted by the department, fill in the refund shown on the adjustment notice you received. If the adjustment notice shows a tax due rather than a refund, complete line 32 instead of line 34. ■ Line 36. Interest, Penalty, and Late Fee Due - Enter any interest, penalty, and late fee due from Form U, line 17 or 26; or Schedule U, line 15 or 29. Check the space after the arrow line if you computed underpayment interest using the annualized income installment method on Form U, page 2. If you are filing an amended return and you were previously assessed interest for underpayment of estimated taxes, complete an amended Form U, Part I, or Schedule U based on the total of the amounts shown on Form 4T, lines 24 and 25. Enter the difference between the underpayment interest from the amended Form U, line 17, or Schedule U line 15 or 29, and the amount you previously paid on Form 4T, line 36. Show an overpayment as a negative number. Include Form U or Schedule U with your amended return. Otherwise, leave line 36 blank. The department will compute interest on the amount of refund approved or tax owed. ■ Line 37. Amount Due - If the total of lines 28 and 36 is larger than line 35, subtract line 35 from the total of lines 28 and 36. Pay by electronic funds transfer or mail your check with a 2025 Form Corp-ES, Corporation Estimated Tax Voucher, to the address shown on the voucher. Otherwise, use paper clips to fasten your check to the front of Form 4T. ■ Line 38. Overpayment - If line 35 is larger than the total of lines 28 and 36, subtract the total of lines 28 and 36 from line 35.

■ Line 39. 2026 Estimated Tax - Enter the amount of any overpayment from line 38 that is to be credited to the organization's 2026 estimated tax. The balance of any overpayment will be refunded. Changing an Election to Apply a Refund to Estimated Tax

Sections 71.09(7) and 71.29(3), Wis. Stats., provide an election to apply all or a portion of a claimed refund to the following year's estimated tax payments, if the refund has not been paid or applied elsewhere (for example, against a delinquent tax liability).

An election to apply a refund to estimated tax may be changed to: • request payment of the refund, • credit the refund against an amended return tax liability for any year, or • credit the refund against a notice of amount due for any year.

For individual and fiduciary income tax, notification of a change in election must occur on or before the due date of the final estimated tax installment payment (January 15, 2026, for a calendar-year filer).

For corporation franchise and income tax, notification of a change in election must occur on or before the unextended due date of the following year's tax return or before the following year's tax return is filed, whichever is earlier.

The change in election must be in writing. You can file an amended return or send an email, fax, or letter to:

Fiduciaries: • DOREstateandFiduciary@revenue.wi.gov • Fax: (608) 267-0834

IC-102 (R. 10-25) 24 • Wisconsin Department of Revenue

PO Box 8906 Madison WI 53708-8906

Corporations: • DORFranchise@revenue.wi.gov • Fax: (608) 267-0834 • Wisconsin Department of Revenue

PO Box 8906 Madison WI 53708-8906 If a timely election to move the estimated payments is not made, any tax due on the return is subject to interest at 12% per year from the unextended due date of the return until the date paid. Interest is due regardless of whether the original amount of estimated payments exceeded the tax due on the return because the estimated payments were moved to the next taxable year.

Amended Returns If this is an amended 2025 return, but you have already filed your original 2026 return, enter the overpayment that you claimed as a credit on your 2026 return from your previously filed original or amended 2025 return. Otherwise, you may allocate the overpayment from line 38 between line 39 and line 40 as you choose.

■ Line 41. Gross Receipts - Enter the "gross receipts from all unrelated trade or business activities" including gross receipts, gross sales, the gross sales price from the disposition of capital assets and business assets, gross rents, gross income from unrelated debt -financed property, gross interest, annuities, royalties, and rents f rom controlled organizations, gross investment income, gross exploited exempt activity income, gross advertising income, gross receipts passed through from other entities, and all other receipts that are included in unrelated business taxable income for Wisconsin tax purposes. Additional Information, Signatures, and Supplemental Schedules ■ Additional Information Required - Provide the requested information and answer the questions in items 1 through 5. ■ Third Party Designee - If you want to allow a tax preparer or tax preparation firm, or any other person you choose to discuss your 2025 tax return with the Department of Revenue, check "Yes" in the "Third Party Designee" area of your return. Also, fill in the designee's name, phone number, and any five digits the designee chooses as their personal identification number (PIN). If you check "Yes," you are authorizing the department to discuss with the designee any questions that may arise during the processing of your return. You are also authorizing the designee to: • Give the department any information missing from your return, • Call the department for information about the processing of your return or the status of your refund or payment(s), and • Respond to certain department notices about math errors, offsets, and return preparation. You are not authorizing the designee to receive any refund check, bind you to anything (including any additional tax liability), or otherwise represent you before the department. If you want to expand the designee's authorization, you must submit Form A -222 (Power of Attorney) . The authorization will automatically end no later than the due date (without regard to extensions) for filing your 2026 tax return. ■ Signatures - An officer or trustee of the exempt organization must sign the form at the bottom of page 2. If the return is prepared by someone other than an employee of the exempt organization, the individual who prepared the return must sign the form, by hand, in the space provided for the preparer's signature and furnish the preparing firm's federal employer identification number. A self-employed individual must enter "PTIN" and their preparer tax identification number in the space for the preparer's federal employer identification number.

IC-102 (R. 10-25) 25 ■ Supplemental Schedules - Include the following items as supplemental schedules to your Form 4T: • Your federal Form 990-T or 4720 with all supporting schedules. • A list of your solely owned LLCs (complete and include Schedule DE with your return). • Any extension of time to file your return. • Supporting schedules for Form 4T (supporting schedules that are not department-prescribed forms may be submitted as .pdf documents with electronic returns). If you are filing Form 4T on paper, do not staple, fasten, or bind these supplemental schedules to your return. Use paper clips instead.

Wisconsin Income of Multistate Organizations Who Must Use Apportionment Under the apportionment method, an exempt organization shows all income and deductions from unrelated trade or business activities for the organization as a whole and then assigns a part to Wisconsin according to a formula that determines Wisconsin unrelated business taxable income. An exempt organization engaged in unrelated trade or business activities in and outside Wisconsin is required to report a portion of its total unrelated business taxable income to Wisconsin using the apportionment method if its Wisconsin operations are a part of a unitary business, unless the department gives permission to use separate accounting. To use the apportionment method, an exempt organization must have unrelated trade or business activity sufficient to create nexus in Wisconsin and at least one other state or foreign country. A unitary business is one that operates as a unit and can't be segregated into independently operating divisions or branches. The operations are integrated, and each division or branch is dependent upon or contributory to the operation of the business as a whole. It isn't necessary that each division or branch operating in Wisconsin contribute to the activities of all divisions or branches outside Wisconsin. To use the apportionment method, an exempt organization must have business activity sufficient to create nexus in Wisconsin and at least one other state or foreign country. "Nexus" means that an exempt organization's business activity is of such a degree that the state or foreign country has jurisdiction to impose an income tax or franchise tax measured by net income. Under Public Law 86-272, a state can't impose an income tax or franchi se tax based on net income on an exempt organization selling tangible personal property if the organization's only activity in the state is the solicitation of orders, which orders are approved outside the state and are filled by delivery from a point outside the state. What Is the Apportionment Percentage For unitary, multistate businesses (except direct air carriers, air freight forwarders affiliated with a direct air carrier, motor carriers, railroads, pipeline companies, financial institutions, brokers-dealers, investment advisers, investment companies, underwriters, and telecommunications companies whose incomes are apportioned by special rules of the department), the apportionment percentage is determined by the ratio of Wisconsin sales to total company sales. For most companies, the apportionment percentage is computed on Schedule A-01. However, financial institutions, direct air carriers, air freight forwarders affiliated with a direct air carrier, motor carriers, railroads, pipeline companies, telecommunications companies, insurance companies, interstate brokers-dealers, investment advisors, investment companies, and underwriters, broadcasters, and interstate pipeline companies use alternative schedules: The apportionment schedules consist of the following:

• Schedule A-01, Wisconsin Single Sales Factor Apportionment Data for Nonspecialized Industries • Schedule A-02, Wisconsin Apportionment Percentage for Interstate Financial Institutions, • Schedule A-03, Wisconsin Apportionment Percentage for Interstate Motor Carriers,

IC-102 (R. 10-25) 26 • Schedule A-04, Wisconsin Apportionment Percentage for Interstate Telecommunications Companies, • Schedule A-05, Wisconsin Premiums Factor for Insurance Companies, • Schedule A-06, Wisconsin Receipts Factor for Interstate Brokers-Dealers, Investment Advisors, Investment Companies, and Underwriters, • Schedule A-07, Wisconsin Apportionment Percentage for Interstate Air Carriers, • Schedule A-08, Wisconsin Apportionment Percentage for Broadcasters, • Schedule A-09, Wisconsin Apportionment Percentage for Interstate Railroads, • Schedule A-10, Wisconsin Apportionment Percentage for Interstate Pipeline Companies, or • Schedule A-11, Wisconsin Apportionment Percentage for Interstate Air Freight Forwarders Affiliated with a Direct Air Carrier What Is Nonapportionable Unrelated Business Taxable Income Nonapportionable income is that income which is allocable directly to a particular state. It includes income or loss derived from the sale of nonbusiness real or tangible personal property or from rentals and royalties from nonbusiness real or tangible personal property. This income is assigned to the state where the property is located. All income that is realized from the sale of or purchase and subsequent sale or redemption of lottery prizes if the winning tickets were originally bought in Wisconsin shall be allocated to Wisconsin. Except for income from lottery prizes described above, the intangible income of a personal holding company is nonapportionable and is assigned to the state of incorporation. Total nonapportionable income (loss) is removed from total company net income before the apportionment percentage is applied. The Wisconsin nonapportionable income (loss) is then combined with the Wisconsin apportionable income to arrive at Wisconsin net income. Corporate Partners or LLC Members An exempt corporation that is a general or limited partner includes its share of the numerator and denominator of the partnership's apportionment factors in the numerator and denominator of its apportionment factors. A n exempt corporation that is a member of a limited liability company (LLC) treated as a partnership for federal tax purposes includes its share of the numerator and denominator of the LLC's apportionment factors in the numerator and denominator of its apportionment factors. The exempt corporation should request a detailed breakdown of the partnership's or LLC's items and amounts to be included in the computation of its apportionment factors.

Note: Income from a partnership or LLC may be nontaxable under the principles of the U.S. Supreme Court decision in Allied-Signal v. Director, Div. of Taxation, 504 U.S. 768 (1992), if the investment is passive and does not serve an operational function. In this case, the exempt corporation would not include its share of the partnership's or LLC's apportionment factors in the numerator and denominator of its apportionment factors.

Separate Accounting An exempt organization engaged in a nonunitary business in and outside Wisconsin must determine the amount of income attributable to Wisconsin by separate accounting. The exempt organization uses Form C, Separate Accounting Data, to compute the amount attributable to Wisconsin b y separate account ing and uses Form N, Wisconsin Nonapportionable and Separately Apportioned Income, to report the separate accounting amount . This is because the income determined under separate accounting from Form C, line 16 is entered on Form N, line 6. A nonunitary business is one in which the operations in Wisconsin aren't dependent upon or contributory to the operations outside Wisconsin. Under separate accounting, the exempt organization must keep separate records of the sales, cost of sales, and expenses for the Wisconsin business.

A unitary business may use separate accounting only with the approval of the department. An application for such approval must set forth, in detail, the reasons why separate accounting will more clearly reflect the exempt organization's Wisconsin net income. It should be mailed to the Wisconsin Department of Revenue, PO Box 8906, Madison,

IC-102 (R. 10-25) 27 Applicable Laws and Rules This document provides statements or interpretations of the following laws and regulations enacted as of October 24, 2025: Chapter 71 Wis. Stats., and Chapter Tax 2, Wis. Adm. Code

WI 53708-8906 before the end of the taxable year for which the use of separate accounting is desired.

Obtaining Forms and Assistance If you need forms or publications, you may: • Download them from the department's Internet web site at revenue.wi.gov. • Request them online at revenue.wi.gov. • Call (608) 266-1961. • Call or visit any Department of Revenue office. If you need help in preparing Form 4T, you may: • E- mail your question to: DORFranchise@wisconsin.gov • Send a FAX to (608) 267-0834 • Call (608) 266-2772 (Telephone help is also available using TTY equipment. Call the Wisconsin Telecommunications Relay System at 711 or, if no answer, (800) 947-3529. These numbers are to be used only when calling with TTY equipment.)

• Call or visit any Department of Revenue office.

0 20 0 20 40 1 40 100 2 100 200 5 200 300 9 300 400 12 400 500 16 500 600 19 600 700 23 700 800 26 800 900 30 900 1,000 33 1,000 1,100 37 1,100 1,200 40 1,200 1,300 44 1,300 1,400 47 1,400 1,500 51 1,500 1,600 54 1,600 1,700 58 1,700 1,800 61 1,800 1,900 65 1,900 2,000 68 2,000 2,100 72 2,100 2,200 75 2,200 2,300 79 2,300 2,400 82 2,400 2,500 86 2,500 2,600 89 2,600 2,700 93 2,700 2,800 96 2,800 2,900 100 2,900 3,000 103 3,000 3,100 107 3,100 3,200 110 3,200 3,300 114 3,300 3,400 117 3,400 3,500 121 3,500 3,600 124 3,600 3,700 128 3,700 3,800 131 3,800 3,900 135 3,900 4,000 138 2025 TAX TABLE If Line 5 but is at less Gross least than tax is If Line 5 but is at less Gross least than tax is If Line 5 but is at less Gross least than tax is If Line 5 but is at less Gross least than tax is If Line 5 but is at less Gross least than tax is 4,000 4,100 142 4,100 4,200 145 4,200 4,300 149 4,300 4,400 152 4,400 4,500 156 4,500 4,600 159 4,600 4,700 163 4,700 4,800 166 4,800 4,900 170 4,900 5,000 173 5,000 5,100 177 5,100 5,200 180 5,200 5,300 184 5,300 5,400 187 5,400 5,500 191 5,500 5,600 194 5,600 5,700 198 5,700 5,800 201 5,800 5,900 205 5,900 6,000 208 6,000 6,100 212 6,100 6,200 215 6,200 6,300 219 6,300 6,400 222 6,400 6,500 226 6,500 6,600 229 6,600 6,700 233 6,700 6,800 236 6,800 6,900 240 6,900 7,000 243 7,000 7,100 247 7,100 7,200 250 7,200 7,300 254 7,300 7,400 257 7,400 7,500 261 7,500 7,600 264 7,600 7,700 268 7,700 7,800 271 7,800 7,900 275 7,900 8,000 278 8,000 8,100 282 8,100 8,200 285 8,200 8,300 289 8,300 8,400 292 8,400 8,500 296 8,500 8,600 299 8,600 8,700 303 8,700 8,800 306 8,800 8,900 310 8,900 9,000 313 9,000 9,100 317 9,100 9,200 320 9,200 9,300 324 9,300 9,400 327 9,400 9,500 331 9,500 9,600 334 9,600 9,700 338 9,700 9,800 341 9,800 9,900 345 9,900 10,000 348 10,000 10,100 352 10,100 10,200 355 10,200 10,300 359 10,300 10,400 362 10,400 10,500 366 10,500 10,600 369 10,600 10,700 373 10,700 10,800 376 10,800 10,900 380 10,900 11,000 383 11,000 11,100 387 11,100 11,200 390 11,200 11,300 394 11,300 11,400 397 11,400 11,500 401 11,500 11,600 404 11,600 11,700 408 11,700 11,800 411 11,800 11,900 415 11,900 12,000 418 12,000 12,100 422 12,100 12,200 425 12,200 12,300 429 12,300 12,400 432 12,400 12,500 436 12,500 12,600 439 12,600 12,700 443 12,700 12,800 446 12,800 12,900 450 12,900 13,000 453 13,000 13,100 457 13,100 13,200 460 13,200 13,300 464 13,300 13,400 467 13,400 13,500 471 13,500 13,600 474 13,600 13,700 478 13,700 13,800 481 13,800 13,900 485 13,900 14,000 488 14,000 14,100 492 14,100 14,200 495 14,200 14,300 499 14,300 14,400 502 14,400 14,500 506 14,500 14,600 509 14,600 14,700 513 14,700 14,800 517 14,800 14,900 521 14,900 15,000 526 15,000 15,100 530 15,100 15,200 534 15,200 15,300 539 15,300 15,400 543 15,400 15,500 548 15,500 15,600 552 15,600 15,700 556 15,700 15,800 561 15,800 15,900 565 15,900 16,000 570 16,000 16,100 574 16,100 16,200 578 16,200 16,300 583 16,300 16,400 587 16,400 16,500 592 16,500 16,600 596 16,600 16,700 600 16,700 16,800 605 16,800 16,900 609 16,900 17,000 614 17,000 17,100 618 17,100 17,200 622 17,200 17,300 627 17,300 17,400 631 17,400 17,500 636 17,500 17,600 640 17,600 17,700 644 17,700 17,800 649 17,800 17,900 653 17,900 18,000 658 18,000 18,100 662 18,100 18,200 666 18,200 18,300 671 18,300 18,400 675 18,400 18,500 680 18,500 18,600 684 18,600 18,700 688 18,700 18,800 693 18,800 18,900 697 18,900 19,000 702 19,000 19,100 706 19,100 19,200 710 19,200 19,300 715 19,300 19,400 719 19,400 19,500 724 19,500 19,600 728 19,600 19,700 732 19,700 19,800 737 19,800 19,900 741 19,900 20,000 746 20,000 20,100 750 20,100 20,200 754 20,200 20,300 759 20,300 20,400 763 20,400 20,500 768 20,500 20,600 772 20,600 20,700 776 20,700 20,800 781 20,800 20,900 785 20,900 21,000 790 21,000 21,100 794 21,100 21,200 798 21,200 21,300 803 21,300 21,400 807 21,400 21,500 812 21,500 21,600 816 21,600 21,700 820 21,700 21,800 825 21,800 21,900 829 21,900 22,000 834 22,000 22,100 838 22,100 22,200 842 22,200 22,300 847 22,300 22,400 851 22,400 22,500 856 22,500 22,600 860 22,600 22,700 864 22,700 22,800 869 22,800 22,900 873 22,900 23,000 878 23,000 23,100 882 23,100 23,200 886 23,200 23,300 891 23,300 23,400 895 23,400 23,500 900 23,500 23,600 904 23,600 23,700 908 23,700 23,800 913 23,800 23,900 917 23,900 24,000 922 24,000 24,100 926 24,100 24,200 930 24,200 24,300 935 24,300 24,400 939 24,400 24,500 944 24,500 24,600 948 24,600 24,700 952 24,700 24,800 957 24,800 24,900 961 24,900 25,000 966 25,000 25,100 970 25,100 25,200 974 25,200 25,300 979 25,300 25,400 983 25,400 25,500 988 25,500 25,600 992 25,600 25,700 996 25,700 25,800 1,001 25,800 25,900 1,005 25,900 26,000 1,010

If Line 5 but is at less Gross least than tax is If Line 5 but is at less Gross least than tax is If Line 5 but is at less Gross least than tax is If Line 5 but is at less Gross least than tax is If Line 5 but is at less Gross least than tax is 26,000 26,100 1,014 26,100 26,200 1,018 26,200 26,300 1,023 26,300 26,400 1,027 26,400 26,500 1,032 26,500 26,600 1,036 26,600 26,700 1,040 26,700 26,800 1,045 26,800 26,900 1,049 26,900 27,000 1,054 27,000 27,100 1,058 27,100 27,200 1,062 27,200 27,300 1,067 27,300 27,400 1,071 27,400 27,500 1,076 27,500 27,600 1,080 27,600 27,700 1,084 27,700 27,800 1,089 27,800 27,900 1,093 27,900 28,000 1,098 28,000 28,100 1,102 28,100 28,200 1,106 28,200 28,300 1,111 28,300 28,400 1,115 28,400 28,500 1,120 28,500 28,600 1,124 28,600 28,700 1,128 28,700 28,800 1,133 28,800 28,900 1,137 28,900 29,000 1,142 29,000 29,100 1,146 29,100 29,200 1,150 29,200 29,300 1,155 29,300 29,400 1,159 29,400 29,500 1,164 29,500 29,600 1,168 29,600 29,700 1,172 29,700 29,800 1,177 29,800 29,900 1,181 29,900 30,000 1,186 30,000 30,100 1,190 30,100 30,200 1,194 30,200 30,300 1,199 30,300 30,400 1,203 30,400 30,500 1,208 30,500 30,600 1,212 30,600 30,700 1,216 30,700 30,800 1,221 30,800 30,900 1,225 30,900 31,000 1,230 31,000 31,100 1,234 31,100 31,200 1,238 31,200 31,300 1,243 31,300 31,400 1,247 31,400 31,500 1,252 31,500 31,600 1,256 31,600 31,700 1,260 31,700 31,800 1,265 31,800 31,900 1,269 31,900 32,000 1,274 32,000 32,100 1,278 32,100 32,200 1,282 32,200 32,300 1,287 32,300 32,400 1,291 32,400 32,500 1,296 32,500 32,600 1,300 32,600 32,700 1,304 32,700 32,800 1,309 32,800 32,900 1,313 32,900 33,000 1,318 33,000 33,100 1,322 33,100 33,200 1,326 33,200 33,300 1,331 33,300 33,400 1,335 33,400 33,500 1,340 33,500 33,600 1,344 33,600 33,700 1,348 33,700 33,800 1,353 33,800 33,900 1,357 33,900 34,000 1,362 34,000 34,100 1,366 34,100 34,200 1,370 34,200 34,300 1,375 34,300 34,400 1,379 34,400 34,500 1,384 34,500 34,600 1,388 34,600 34,700 1,392 34,700 34,800 1,397 34,800 34,900 1,401 34,900 35,000 1,406 35,000 35,100 1,410 35,100 35,200 1,414 35,200 35,300 1,419 35,300 35,400 1,423 35,400 35,500 1,428 35,500 35,600 1,432 35,600 35,700 1,436 35,700 35,800 1,441 35,800 35,900 1,445 35,900 36,000 1,450 36,000 36,100 1,454 36,100 36,200 1,458 36,200 36,300 1,463 36,300 36,400 1,467 36,400 36,500 1,472 36,500 36,600 1,476 36,600 36,700 1,480 36,700 36,800 1,485 36,800 36,900 1,489 36,900 37,000 1,494 37,000 37,100 1,498 37,100 37,200 1,502 37,200 37,300 1,507 37,300 37,400 1,511 37,400 37,500 1,516 37,500 37,600 1,520 37,600 37,700 1,524 37,700 37,800 1,529 37,800 37,900 1,533 37,900 38,000 1,538 38,000 38,100 1,542 38,100 38,200 1,546 38,200 38,300 1,551 38,300 38,400 1,555 38,400 38,500 1,560 38,500 38,600 1,564 38,600 38,700 1,568 38,700 38,800 1,573 38,800 38,900 1,577 38,900 39,000 1,582 39,000 39,100 1,586 39,100 39,200 1,590 39,200 39,300 1,595 39,300 39,400 1,599 39,400 39,500 1,604 39,500 39,600 1,608 39,600 39,700 1,612 39,700 39,800 1,617 39,800 39,900 1,621 39,900 40,000 1,626 40,000 40,100 1,630 40,100 40,200 1,634 40,200 40,300 1,639 40,300 40,400 1,643 40,400 40,500 1,648 40,500 40,600 1,652 40,600 40,700 1,656 40,700 40,800 1,661 40,800 40,900 1,665 40,900 41,000 1,670 41,000 41,100 1,674 41,100 41,200 1,678 41,200 41,300 1,683 41,300 41,400 1,687 41,400 41,500 1,692 41,500 41,600 1,696 41,600 41,700 1,700 41,700 41,800 1,705 41,800 41,900 1,709 41,900 42,000 1,714 42,000 42,100 1,718 42,100 42,200 1,722 42,200 42,300 1,727 42,300 42,400 1,731 42,400 42,500 1,736 42,500 42,600 1,740 42,600 42,700 1,744 42,700 42,800 1,749 42,800 42,900 1,753 42,900 43,000 1,758 43,000 43,100 1,762 43,100 43,200 1,766 43,200 43,300 1,771 43,300 43,400 1,775 43,400 43,500 1,780 43,500 43,600 1,784 43,600 43,700 1,788 43,700 43,800 1,793 43,800 43,900 1,797 43,900 44,000 1,802 44,000 44,100 1,806 44,100 44,200 1,810 44,200 44,300 1,815 44,300 44,400 1,819 44,400 44,500 1,824 44,500 44,600 1,828 44,600 44,700 1,832 44,700 44,800 1,837 44,800 44,900 1,841 44,900 45,000 1,846 45,000 45,100 1,850 45,100 45,200 1,854 45,200 45,300 1,859 45,300 45,400 1,863 45,400 45,500 1,868 45,500 45,600 1,872 45,600 45,700 1,876 45,700 45,800 1,881 45,800 45,900 1,885 45,900 46,000 1,890 46,000 46,100 1,894 46,100 46,200 1,898 46,200 46,300 1,903 46,300 46,400 1,907 46,400 46,500 1,912 46,500 46,600 1,916 46,600 46,700 1,920 46,700 46,800 1,925 46,800 46,900 1,929 46,900 47,000 1,934 47,000 47,100 1,938 47,100 47,200 1,942 47,200 47,300 1,947 47,300 47,400 1,951 47,400 47,500 1,956 47,500 47,600 1,960 47,600 47,700 1,964 47,700 47,800 1,969 47,800 47,900 1,973 47,900 48,000 1,978 48,000 48,100 1,982 48,100 48,200 1,986 48,200 48,300 1,991 48,300 48,400 1,995 48,400 48,500 2,000 48,500 48,600 2,004 48,600 48,700 2,008 48,700 48,800 2,013 48,800 48,900 2,017 48,900 49,000 2,022 49,000 49,100 2,026 49,100 49,200 2,030 49,200 49,300 2,035 49,300 49,400 2,039 49,400 49,500 2,044 49,500 49,600 2,048 49,600 49,700 2,052 49,700 49,800 2,057 49,800 49,900 2,061 49,900 50,000 2,066 50,000 50,100 2,070 50,100 50,200 2,074 50,200 50,300 2,079 50,300 50,400 2,083 50,400 50,500 2,088 50,500 50,600 2,093 50,600 50,700 2,098 50,700 50,800 2,103 50,800 50,900 2,109 50,900 51,000 2,114 51,000 51,100 2,119 51,100 51,200 2,125 51,200 51,300 2,130 51,300 51,400 2,135 51,400 51,500 2,140 51,500 51,600 2,146 51,600 51,700 2,151 51,700 51,800 2,156 51,800 51,900 2,162 51,900 52,000 2,167 52,000 52,100 2,172 52,100 52,200 2,178 52,200 52,300 2,183 52,300 52,400 2,188 52,400 52,500 2,193 52,500 52,600 2,199 52,600 52,700 2,204 52,700 52,800 2,209 52,800 52,900 2,215 52,900 53,000 2,220 53,000 53,100 2,225 53,100 53,200 2,231 53,200 53,300 2,236 53,300 53,400 2,241 53,400 53,500 2,246 2025 TAX TABLE (Continued)

If Line 5 but is at less Gross least than tax is If Line 5 but is at less Gross least than tax is If Line 5 but is at less Gross least than tax is If Line 5 but is at less Gross least than tax is If Line 5 but is at less Gross least than tax is 53,500 53,600 2,252 53,600 53,700 2,257 53,700 53,800 2,262 53,800 53,900 2,268 53,900 54,000 2,273 54,000 54,100 2,278 54,100 54,200 2,284 54,200 54,300 2,289 54,300 54,400 2,294 54,400 54,500 2,299 54,500 54,600 2,305 54,600 54,700 2,310 54,700 54,800 2,315 54,800 54,900 2,321 54,900 55,000 2,326 55,000 55,100 2,331 55,100 55,200 2,337 55,200 55,300 2,342 55,300 55,400 2,347 55,400 55,500 2,352 55,500 55,600 2,358 55,600 55,700 2,363 55,700 55,800 2,368 55,800 55,900 2,374 55,900 56,000 2,379 56,000 56,100 2,384 56,100 56,200 2,390 56,200 56,300 2,395 56,300 56,400 2,400 56,400 56,500 2,405 56,500 56,600 2,411 56,600 56,700 2,416 56,700 56,800 2,421 56,800 56,900 2,427 56,900 57,000 2,432 57,000 57,100 2,437 57,100 57,200 2,443 57,200 57,300 2,448 57,300 57,400 2,453 57,400 57,500 2,458 57,500 57,600 2,464 57,600 57,700 2,469 57,700 57,800 2,474 57,800 57,900 2,480 57,900 58,000 2,485 58,000 58,100 2,490 58,100 58,200 2,496 58,200 58,300 2,501 58,300 58,400 2,506 58,400 58,500 2,511 58,500 58,600 2,517 58,600 58,700 2,522 58,700 58,800 2,527 58,800 58,900 2,533 58,900 59,000 2,538 59,000 59,100 2,543 59,100 59,200 2,549 59,200 59,300 2,554 59,300 59,400 2,559 59,400 59,500 2,564 59,500 59,600 2,570 59,600 59,700 2,575 59,700 59,800 2,580 59,800 59,900 2,586 59,900 60,000 2,591 60,000 60,100 2,596 60,100 60,200 2,602 60,200 60,300 2,607 60,300 60,400 2,612 60,400 60,500 2,617 60,500 60,600 2,623 60,600 60,700 2,628 60,700 60,800 2,633 60,800 60,900 2,639 60,900 61,000 2,644 61,000 61,100 2,649 61,100 61,200 2,655 61,200 61,300 2,660 61,300 61,400 2,665 61,400 61,500 2,670 61,500 61,600 2,676 61,600 61,700 2,681 61,700 61,800 2,686 61,800 61,900 2,692 61,900 62,000 2,697 62,000 62,100 2,702 62,100 62,200 2,708 62,200 62,300 2,713 62,300 62,400 2,718 62,400 62,500 2,723 62,500 62,600 2,729 62,600 62,700 2,734 62,700 62,800 2,739 62,800 62,900 2,745 62,900 63,000 2,750 63,000 63,100 2,755 63,100 63,200 2,761 63,200 63,300 2,766 63,300 63,400 2,771 63,400 63,500 2,776 63,500 63,600 2,782 63,600 63,700 2,787 63,700 63,800 2,792 63,800 63,900 2,798 63,900 64,000 2,803 64,000 64,100 2,808 64,100 64,200 2,814 64,200 64,300 2,819 64,300 64,400 2,824 64,400 64,500 2,829 64,500 64,600 2,835 64,600 64,700 2,840 64,700 64,800 2,845 64,800 64,900 2,851 64,900 65,000 2,856 65,000 65,100 2,861 65,100 65,200 2,867 65,200 65,300 2,872 65,300 65,400 2,877 65,400 65,500 2,882 65,500 65,600 2,888 65,600 65,700 2,893 65,700 65,800 2,898 65,800 65,900 2,904 65,900 66,000 2,909 66,000 66,100 2,914 66,100 66,200 2,920 66,200 66,300 2,925 66,300 66,400 2,930 66,400 66,500 2,935 66,500 66,600 2,941 66,600 66,700 2,946 66,700 66,800 2,951 66,800 66,900 2,957 66,900 67,000 2,962 67,000 67,100 2,967 67,100 67,200 2,973 67,200 67,300 2,978 67,300 67,400 2,983 67,400 67,500 2,988 67,500 67,600 2,994 67,600 67,700 2,999 67,700 67,800 3,004 67,800 67,900 3,010 67,900 68,000 3,015 68,000 68,100 3,020 68,100 68,200 3,026 68,200 68,300 3,031 68,300 68,400 3,036 68,400 68,500 3,041 68,500 68,600 3,047 68,600 68,700 3,052 68,700 68,800 3,057 68,800 68,900 3,063 68,900 69,000 3,068 69,000 69,100 3,073 69,100 69,200 3,079 69,200 69,300 3,084 69,300 69,400 3,089 69,400 69,500 3,094 69,500 69,600 3,100 69,600 69,700 3,105 69,700 69,800 3,110 69,800 69,900 3,116 69,900 70,000 3,121 70,000 70,100 3,126 70,100 70,200 3,132 70,200 70,300 3,137 70,300 70,400 3,142 70,400 70,500 3,147 70,500 70,600 3,153 70,600 70,700 3,158 70,700 70,800 3,163 70,800 70,900 3,169 70,900 71,000 3,174 71,000 71,100 3,179 71,100 71,200 3,185 71,200 71,300 3,190 71,300 71,400 3,195 71,400 71,500 3,200 71,500 71,600 3,206 71,600 71,700 3,211 71,700 71,800 3,216 71,800 71,900 3,222 71,900 72,000 3,227 72,000 72,100 3,232 72,100 72,200 3,238 72,200 72,300 3,243 72,300 72,400 3,248 72,400 72,500 3,253 72,500 72,600 3,259 72,600 72,700 3,264 72,700 72,800 3,269 72,800 72,900 3,275 72,900 73,000 3,280 73,000 73,100 3,285 73,100 73,200 3,291 73,200 73,300 3,296 73,300 73,400 3,301 73,400 73,500 3,306 73,500 73,600 3,312 73,600 73,700 3,317 73,700 73,800 3,322 73,800 73,900 3,328 73,900 74,000 3,333 74,000 74,100 3,338 74,100 74,200 3,344 74,200 74,300 3,349 74,300 74,400 3,354 74,400 74,500 3,359 74,500 74,600 3,365 74,600 74,700 3,370 74,700 74,800 3,375 74,800 74,900 3,381 74,900 75,000 3,386 75,000 75,100 3,391 75,100 75,200 3,397 75,200 75,300 3,402 75,300 75,400 3,407 75,400 75,500 3,412 75,500 75,600 3,418 75,600 75,700 3,423 75,700 75,800 3,428 75,800 75,900 3,434 75,900 76,000 3,439 76,000 76,100 3,444 76,100 76,200 3,450 76,200 76,300 3,455 76,300 76,400 3,460 76,400 76,500 3,465 76,500 76,600 3,471 76,600 76,700 3,476 76,700 76,800 3,481 76,800 76,900 3,487 76,900 77,000 3,492 77,000 77,100 3,497 77,100 77,200 3,503 77,200 77,300 3,508 77,300 77,400 3,513 77,400 77,500 3,518 77,500 77,600 3,524 77,600 77,700 3,529 77,700 77,800 3,534 77,800 77,900 3,540 77,900 78,000 3,545 78,000 78,100 3,550 78,100 78,200 3,556 78,200 78,300 3,561 78,300 78,400 3,566 78,400 78,500 3,571 78,500 78,600 3,577 78,600 78,700 3,582 78,700 78,800 3,587 78,800 78,900 3,593 78,900 79,000 3,598 79,000 79,100 3,603 79,100 79,200 3,609 79,200 79,300 3,614 79,300 79,400 3,619 79,400 79,500 3,624 79,500 79,600 3,630 79,600 79,700 3,635 79,700 79,800 3,640 79,800 79,900 3,646 79,900 80,000 3,651 80,000 80,100 3,656 80,100 80,200 3,662 80,200 80,300 3,667 80,300 80,400 3,672 80,400 80,500 3,677 80,500 80,600 3,683 80,600 80,700 3,688 80,700 80,800 3,693 80,800 80,900 3,699 80,900 81,000 3,704 2025 TAX TABLE (Continued)

If Line 5 but is at less Gross least than tax is If Line 5 but is at less Gross least than tax is If Line 5 but is at less Gross least than tax is If Line 5 but is at less Gross least than tax is 2025 TAX TABLE (Continued) $100,000 or over - Use the Tax Computation Worksheet on the following page 86,500 86,600 4,001 86,600 86,700 4,006 86,700 86,800 4,011 86,800 86,900 4,017 86,900 87,000 4,022 87,000 87,100 4,027 87,100 87,200 4,033 87,200 87,300 4,038 87,300 87,400 4,043 87,400 87,500 4,048 87,500 87,600 4,054 87,600 87,700 4,059 87,700 87,800 4,064 87,800 87,900 4,070 87,900 88,000 4,075 88,000 88,100 4,080 88,100 88,200 4,086 88,200 88,300 4,091 88,300 88,400 4,096 88,400 88,500 4,101 88,500 88,600 4,107 88,600 88,700 4,112 88,700 88,800 4,117 88,800 88,900 4,123 88,900 89,000 4,128 89,000 89,100 4,133 89,100 89,200 4,139 89,200 89,300 4,144 89,300 89,400 4,149 89,400 89,500 4,154 89,500 89,600 4,160 89,600 89,700 4,165 89,700 89,800 4,170 89,800 89,900 4,176 89,900 90,000 4,181 90,000 90,100 4,186 90,100 90,200 4,192 90,200 90,300 4,197 90,300 90,400 4,202 90,400 90,500 4,207 90,500 90,600 4,213 90,600 90,700 4,218 90,700 90,800 4,223 90,800 90,900 4,229 90,900 91,000 4,234 91,000 91,100 4,239 91,100 91,200 4,245 91,200 91,300 4,250 91,300 91,400 4,255 91,400 91,500 4,260 91,500 91,600 4,266 91,600 91,700 4,271 91,700 91,800 4,276 91,800 91,900 4,282 91,900 92,000 4,287 92,000 92,100 4,292 92,100 92,200 4,298 92,200 92,300 4,303 92,300 92,400 4,308 92,400 92,500 4,313 92,500 92,600 4,319 92,600 92,700 4,324 92,700 92,800 4,329 92,800 92,900 4,335 92,900 93,000 4,340 93,000 93,100 4,345 93,100 93,200 4,351 93,200 93,300 4,356 93,300 93,400 4,361 93,400 93,500 4,366 93,500 93,600 4,372 93,600 93,700 4,377 93,700 93,800 4,382 93,800 93,900 4,388 93,900 94,000 4,393 94,000 94,100 4,398 94,100 94,200 4,404 94,200 94,300 4,409 94,300 94,400 4,414 94,400 94,500 4,419 94,500 94,600 4,425 94,600 94,700 4,430 94,700 94,800 4,435 94,800 94,900 4,441 94,900 95,000 4,446 95,000 95,100 4,451 95,100 95,200 4,457 95,200 95,300 4,462 95,300 95,400 4,467 95,400 95,500 4,472 95,500 95,600 4,478 95,600 95,700 4,483 95,700 95,800 4,488 95,800 95,900 4,494 95,900 96,000 4,499 96,000 96,100 4,504 96,100 96,200 4,510 96,200 96,300 4,515 96,300 96,400 4,520 96,400 96,500 4,525 96,500 96,600 4,531 96,600 96,700 4,536 96,700 96,800 4,541 96,800 96,900 4,547 96,900 97,000 4,552 97,000 97,100 4,557 97,100 97,200 4,563 97,200 97,300 4,568 97,300 97,400 4,573 97,400 97,500 4,578 97,500 97,600 4,584 97,600 97,700 4,589 97,700 97,800 4,594 97,800 97,900 4,600 97,900 98,000 4,605 98,000 98,100 4,610 98,100 98,200 4,616 98,200 98,300 4,621 98,300 98,400 4,626 98,400 98,500 4,631 98,500 98,600 4,637 98,600 98,700 4,642 98,700 98,800 4,647 98,800 98,900 4,653 98,900 99,000 4,658 99,000 99,100 4,663 99,100 99,200 4,669 99,200 99,300 4,674 99,300 99,400 4,679 99,400 99,500 4,684 99,500 99,600 4,690 99,600 99,700 4,695 99,700 99,800 4,700 99,800 99,900 4,706 99,900 100,000 4,711 81,000 81,100 3,709 81,100 81,200 3,715 81,200 81,300 3,720 81,300 81,400 3,725 81,400 81,500 3,730 81,500 81,600 3,736 81,600 81,700 3,741 81,700 81,800 3,746 81,800 81,900 3,752 81,900 82,000 3,757 82,000 82,100 3,762 82,100 82,200 3,768 82,200 82,300 3,773 82,300 82,400 3,778 82,400 82,500 3,783 82,500 82,600 3,789 82,600 82,700 3,794 82,700 82,800 3,799 82,800 82,900 3,805 82,900 83,000 3,810 83,000 83,100 3,815 83,100 83,200 3,821 83,200 83,300 3,826 83,300 83,400 3,831 83,400 83,500 3,836 83,500 83,600 3,842 83,600 83,700 3,847 83,700 83,800 3,852 83,800 83,900 3,858 83,900 84,000 3,863 84,000 84,100 3,868 84,100 84,200 3,874 84,200 84,300 3,879 84,300 84,400 3,884 84,400 84,500 3,889 84,500 84,600 3,895 84,600 84,700 3,900 84,700 84,800 3,905 84,800 84,900 3,911 84,900 85,000 3,916 85,000 85,100 3,921 85,100 85,200 3,927 85,200 85,300 3,932 85,300 85,400 3,937 85,400 85,500 3,942 85,500 85,600 3,948 85,600 85,700 3,953 85,700 85,800 3,958 85,800 85,900 3,964 85,900 86,000 3,969 86,000 86,100 3,974 86,100 86,200 3,980 86,200 86,300 3,985 86,300 86,400 3,990 86,400 86,500 3,995

2025 Tax Computation Worksheet - Line 6a Caution Use the Tax Computation Worksheet to figure tax if taxable income is $100,000 or more. Taxable income. If line 5 is - (a) Fill in the amount from line 5 (b) Multiplication amount (c) Multiply (a) by (b) (e) Subtract (d) from (c). Fill in the result here and on Form 2 line 6a (d) Subtraction amount At least $100,000 but less than $323,290 $323,290 or over $ $ $586.44 $8,183.76 $ $ $ $ x 5.3% (.053) x 7.65% (.0765)