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Does the State Historic Rehabilitation Credit for Wisconsin give us 100% back as a credit?

We understood the credit was 25%  - Turbo tax is giving us the whole amount we entered back as a credit
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1 Reply
ThomasM125
Expert Alumni

Does the State Historic Rehabilitation Credit for Wisconsin give us 100% back as a credit?

The credit is 25% of the cost of approved rehabilitation expenses. It is possible that you are misreading the application of the credit. I suggest you look at your state tax summary to see how the credit is being applied, which you can do in the online version of TurboTax by using these menu tabs:

  1. Tools (left side of the menu bar)
  2. Tax Tools 
  3. View Tax Summary

You need to be in the Wisconsin program in TurboTax when you use the routine. 

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