Farmland Preservation Credit

  1. What are the major differences between Schedules FC and FC-A?

  2. Which schedule should I use?

  3. I'm buying some property. How can I find out if farmland preservation credit was claimed on it?

  4. Currently, my farmland is subject to a farmland preservation agreement. I'm wondering if I can get my farmland out of the agreement and, if so, how much do I have to pay as a result?

  5. I'm doing my taxes and I know I have to include the amount of farmland credit I received last year in taxable income. How can I find out how much farmland credit I received?

  6. I received a letter saying you need copies of my real estate tax bills. Aren't they attached to my return?

  7. The Farmland Preservation Program tax credit forms ask whether land is in compliance with state soil and water conservation plans and standards. Where can I find out more about what is required?

  8. I received a letter asking for a copy of my Certificate of Compliance. What is this and why do you need it?

  9. What landowners will need a Certificate of Compliance (CoC) number?

  10. What's the difference between an executed and an unexecuted farmland preservation agreement?

  11. I rent out my farmland. How do I determine if my farmland meets the gross profits requirement?

  12. I bought some farmland several years ago and wasn't aware of the farmland preservation credit program. Can I go back to past years and amend my tax returns to claim this credit?

  13. I sold some property during the year. Can I claim farmland preservation credit for those parcels?

  14. I have an agreement from before July 1, 2009. How can I claim farmland preservation credit on Schedule FC-A?

  15. How should I determine if the land I own is located in a farmland preservation zoning district?


FOR QUESTIONS OR COMMENTS CONTACT:

WISCONSIN DEPARTMENT OF REVENUE
Farmland Preservation Credit Taxpayer Assistance
PO Box 8906
Madison, WI 53708-8906
Phone: (608) 266-2442
Fax: (608) 267-0834
Email additional questions to DORFarmlandPreservationCredit@wisconsin.gov

February 6, 2019