Schedule M1nc - Federal Adjustments 2006 (Page 2 of 2) in pdf

Schedule M1nc - Federal Adjustments 2006 Page 2

DRAFT -- 12/19/06

M1NC

Continued

Your first name and initial

Last name

Social Security number

See the instructions before you continue for a list of other federal 1040 amounts that need to be recalculated be-

cause they are based on amounts that may have been recomputed for Minnesota purposes.

6 Federal adjusted gross income for Minnesota tax purposes (from line 37 of your recomputed 1040) . 6

7 Actual federal adjusted gross income (from line 37 of Form 1040) . . . . . . . . . . . . . . . . . . . . . . . . 7

8 Subtract line 7 from line 6. The result is the adjustment to federal adjusted gross income . . . . . . . 8

9 Federal taxable income from line 43 of your recomputed 1040. If the amount is

less than zero, you should have entered a zero on your recomputed 1040,

however, enter the negative amount on this line . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 9

10 Actual federal taxable income from line 43 of Form 1040. If the amount is less than zero, you should

have entered a zero on your federal return, however, enter the negative amount on this line . . . . . 10

11 ADDITION AMOUNT. If line 9 is more than line 10, subtract line 10 from line 9.

Enter the result as an addition on line 9 of Schedule M1M . . . . . . . . . . . . . . . . . . . . . . . . . . . . 11

12 SUBTRACTION AMOUNT. If line 10 is more than line 9, subtract line 9 from line 10.

Enter the result as a subtraction on line 25 of Schedule M1M . . . . . . . . . . . . . . . . . . . . . . . . . . 12

You must include this schedule when you file Form M1.

Schedule M1nc - Federal Adjustments 2006 Page 2