Schedule Fc - Farmland Preservation Credit - 2012

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Schedule
FC
Farmland Preservation Credit
2012
Enclose with Wisconsin
Wisconsin
Form 1, 1NPR, 2, 4, 4T, or 5
Department of Revenue
Legal name(s) shown on Form 1, 1NPR, 2, 4, 4T, or 5
Social Security Number or FEIN
Caution: Schedule FC may only be filed if you are subject to a
farmland preservation agreement entered into prior to July 1, 2009.
See “Which Schedule to File” on page 2 of the instructions.
Check here if this is an amended Schedule FC
Questions 1 through 7 must be answered
.
(see instructions, page 4)
Questions
1 a Individuals – Were you a legal resident of Wisconsin for all of 2012? (If “No,” you do not qualify.) . . . . 1a
Yes
No
b Corporations – Were you organized under the laws of Wisconsin? (If “No,” you do not qualify.) . . . . . . 1b
Yes
No
2 Have you been notified that you are in noncompliance with any soil and water conservation plan
or standard? . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 2
Yes
No
3 Have the 2011 property taxes for all of the farmland on which this claim is based been paid in full? . . . . . 3
Yes
No
4 What is the number of whole acres on which this claim is based? (See instructions, page 4.) . . . . . . . . . 4
ACRES
5 Did the farmland produce gross farm profits of at least $6,000 during 2012 or a total of at least
$18,000 during 2010, 2011, and 2012 combined? . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 5
Yes
No
6 Were at least 35 acres of the farmland on which this claim is based enrolled in the Conservation
Reserve Program during 2012? . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 6
Yes
No
7 If the farmland was used by someone else who met the requirement in question 5, what is that
person’s name and address?
Complete lines 8 through 10.
Print numbers like this 
Household Income
8 Taxable income and dependents’ farm income (see instructions, page 4).
NO COMMAS; NO CENTS
a Individuals (including partners and all corporate share holders) –
.00
(1) Income from line 13 of Form 1 (Form 1NPR filers see instructions) . . . . . . . . . . . . . . . . . . . . . . . 8a(1)
.00
(2) Spouse’s income from Wisconsin income tax return (if married filing separately) . . . . . . . . . . . . 8a(2)
.00
(3) Farm income of dependents under age 18 – Complete the worksheet below . . . . . . . . . . . . . . . 8a(3)
Name
Birth Date
Farm Income
.00
.00
.00
.00
Total farm income – fill in here and on line 8a(3) above . . . . . . . . . . . . . . . . . . . . . . . .
Note: If you have more than 3 dependents with farm income, enclose a separate schedule.
.00
b Corporations – Income from Wisconsin Form 4 or 5 (see instructions) . . . . . . . . . . . . . . . . . . . . . . . . . 8b
.00
c Trusts and Estates – Total from Income Worksheet on page 5 of the instructions . . . . . . . . . . . . . . . . 8c
9 Other household income and adjustments (see instructions, pages 5 through 7).
.00
a Depreciation . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 9a
.00
b Nonfarm business losses . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 9b
.00
c Amortization . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 9c
.00
d Capital gains not taxable . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 9d
.00
e Capital loss carryforwards . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 9e
f Cash public assistance, county relief, and Wisconsin Works payments (do not include
.00
foster care payments) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 9f
.00
g Child support, maintenance payments, and other support money (court ordered) . . . . . . . . . . . . . . . . 9g
.00
h Contributions to deferred compensation plans . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 9h
.00
i Contributions to IRAs, self-employed SEP, SIMPLE, and qualified plans . . . . . . . . . . . . . . . . . . . . . . . 9i
.00
j Depletion expense and intangible drilling costs . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 9j
.00
k Add lines 8 through 9j. Enter here and on line 9L, at the top of page 2 . . . . . . . . . . . . . . . . . . . . . . . . . 9k

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