Dairy Manufacturing Facility Investment Credit
Schedule
Allocation from Cooperatives
DMK-1
2013
File with Wisconsin Schedule DM
Wisconsin Department
Read instructions before filling in this schedule
of Revenue
Part I Information About the Dairy Cooperative
Name of Cooperative
Address
ZIP (+ 4 digit suffix if known)
City
State
Identifying Number
Person to Contact Regarding This Schedule
Contact Person’s Telephone Number
Part II Information About the Member
Name of Member
Address
ZIP (+ 4 digit suffix if known)
City
State
Identifying Number
Part III Computation of Credit Allocated to Member
1 Fill in the ratio of the amount of milk this member delivered to the dairy cooperative during the
.
%
taxable year relative to all members of the cooperative. Enter the ratio as a percentage . . . . . . . . . . . 1
2 Enter the amount of credit computed by the cooperative on its 2013 Schedule DM, line 14 . . . . . . . . . 2
3 Multiply line 1 by line 2. This is the amount of dairy manufacturing facility investment credit allocated
from the cooperative. This is the member’s dairy cooperatives credit . . . . . . . . . . . . . . . . . . . . . . . . . . 3
Instructions for 2013 Schedule DMK-1
Return, and indicate on line D of Form 3 that is being filed by a
Purpose of Schedule DMK-1
cooperative solely for purposes of computing and allocating the
dairy cooperatives credit. If this is the case, the cooperative is not
Dairy cooperatives may be awarded a dairy manufacturing facility
required to complete Schedule 3K or Schedules 3K-1.
investment credit as computed on Schedule DM. However, the
dairy cooperative itself is not eligible for the credit. Instead, the
The cooperative must also prepare a Schedule DMK-1 in
cooperative may allocate the credit to its members in proportion
duplicate for each member that delivered milk to the dairy
to the amount of milk that each member delivers to the dairy
cooperative. The cooperative must provide each member with
cooperative.
Schedule DMK-1 prepared for them and must also file a copy of
all Schedules DMK-1 along with its Wisconsin return (or its Form
The purpose of Schedule DMK-1 is for dairy cooperative to
3).
make that allocation and provide the necessary information to
its members.
Instructions for Members
Instructions for Cooperative
Reminder: Members of a dairy cooperative who were allocated
a dairy cooperative credit for 2012 may first claim that credit on
The cooperative must file Schedule DM with its Wisconsin
their 2013 return. The 2012 credit must be added to income on
return for the taxable year for which the credit was awarded.
the member’s 2013 return, instead of the 2012 return.
If the cooperative is not otherwise required to file a Wisconsin
return, it must file Wisconsin Form 3, Wisconsin Partnership
IC-060k-1