Schedule M1m - Income Additions And Subtractions - 2011

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1155

201155

2011 Schedule M1M, Income Additions and Subtractions

Sequence #3

Complete this schedule to determine line 3 and line 6 of Form M1.

Your Social Security number

Your first name and initial

Last name

Additions to Income

1 If you took the standard deduction on your federal return, enter $1,950 if married filing joint or

qualifying widow(er), or $975 if married filing separate. Otherwise, skip this line . . . . . . . . . . . . . . 1

2 Limitation on itemized deductions for taxpayers with an adjusted gross income

that exceeds the applicable threshold (see instructions) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 2

3 Phase out of personal exemption(s) for taxpayers with an adjusted gross income

that exceeds the applicable threshold (see instructions) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 3

4 Interest from municipal bonds of another state or its governmental units

included on line 8b of federal Form 1040 or 1040A . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 4

5 Federally tax-exempt dividends from mutual funds investing in bonds of another state

or its governmental units included on line 8b of federal Form 1040 or 1040A . . . . . . . . . . . . . . . . 5

6 Federal bonus depreciation addition (determine from worksheet in the instructions) . . . . . . . . . . 6

7 Federal section 179 expensing addition (determine from worksheet in the instructions) . . . . . . . . 7

8 State income taxes passed through to you as a partner of a partnership,

a shareholder of an S corporation or a beneficiary of a trust (see instructions) . . . . . . . . . . . . . . . . 8

9 Domestic production activities deduction (from line 35 of federal Form 1040) . . . . . . . . . . . . . . . . 9

10 Expenses deducted on your federal return attributable to income not taxed

by Minnesota (other than interest or mutual fund dividends from U.S. bonds) . . . . . . . . . . . . . . . 10

11 If you are an employer who provides prescription drug coverage to your retirees, enter

the amount of federal tax-exempt subsidies you received for continuing these benefits . . . . . . . . 11

12 Fines, fees and penalties federally deducted as a trade or business expense

(see instructions) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 12

13 Suspended loss from 2001 through 2005, 2008, 2009 or 2010 on your federal return that

was generated by bonus depreciation (determine from worksheet in the instructions) . . . . . . . . . 13

14 Capital gain portion of a lump-sum distribution

(from line 6 of federal Form 4972; enclose Form 4972) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 14

15 Net operating loss carryover adjustment (see instructions) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 15

16 This line intentionally left blank . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .16

17 Add lines 1 through 16. Enter the total here and on line 3 of Form M1 . . . . . . . . . . . . . . . . . . . . . 17

Subtractions are on the back of this schedule.