Form M-P - Wisconsin Manufacturing Personal Property Return - 2013 Page 18

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Schedule LB – BUILDINGS ON LEASED LAND
WHAT TO REPORT:
HOW TO REPORT:
All buildings on leased land. Buildings are typically classified as real
Col. 1: Describe the building completely.
estate, but in this case the buildings are owned by someone different
Col. 2: List the address, the local parcel number or the land owner’s name of the parcel where the building is located.
than the owner of the land.
Col. 3: Enter the year the property was added/acquired.
NOTE:
Col. 4: Enter the acquisition cost of the property.
If a new building on leased land was constructed since last Jan. 1,
you should submit a Schedule R-1 and building sketch with this M-P.
Enter the total acquisition cost of all buildings on leased land at the bottom of this column. This total cost must
Schedule R-1’s can be downloaded from the M-R form at the DOR web
agree with the figure on Schedule Y-P, Line 8, Column 5.
site
Col. 5: Enter your estimate of the market value of the property.
Enter the total estimate of market value of all buildings on leased land at the bottom of this column. This total is
entered on Schedule A, Line 13, Column 2.
State Identification Number
P
Local Account Number
Column 1
Column 2
Column 3
Column 4
Column 5
LEAVE
Year
Cost of
Estimated
Description of Building
Location of Building
BLANK
Built
Acquisition
Market Value
TOTAL
THIS COST SHOULD
THIS VALUE IS
AGREE WITH
ENTERED ON SCH A,
SCH Y-P, LINE 8,
LINE 13, COL 2
COL 5

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Parent category: Business