Schedule M1m - Minnesota Income Additions And Subtractions - 2014
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Schedule M1M, Income Additions and Subtractions 2014
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 Limitation on itemized deductions for taxpayers with an adjusted gross income which
exceeds $181,150 ($90,575 if married fi ling separately) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 1
00
2 Phase out of personal exemption(s) for taxpayers with an adjusted gross income
that exceeds the applicable threshold (see instructions) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 2
00
3 Interest from municipal bonds of another state or its governmental units
00
included on line 8b of federal Form 1040 or 1040A . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 3
4 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 . . . . . . . . . . . . . . . . 4
00
5 Federal bonus depreciation addition (determine from worksheet in the instructions) . . . . . . . . . . 5
00
6 Federal section 179 expensing addition (determine from worksheet in instructions) . . . . . . . . . . . 6
00
7 State income taxes passed through to you as a partner of a partnership ,
a shareholder of an S corporation or a benefi ciary of a trust (see instructions) . . . . . . . . . . . . . . . 7
00
00
8 Domestic production activities deduction (from line 35 of federal Form 1040) . . . . . . . . . . . . . . . 8
9 Expenses deducted on your federal return attributable to income not taxed
00
by Minnesota (other than interest or mutual fund dividends from U.S. bonds) . . . . . . . . . . . . . . . . 9
10 Fines, fees and penalties federally deducted as a trade or business expense
(see instructions) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 10
00
11 Suspended loss from 2001 through 2005 or 2008 through 2013 on your federal return that
was generated by bonus depreciation (determine from worksheet in the instructions) . . . . . . . . 11
00
12 Capital gain portion of a lump-sum distribution
(from line 6 of federal Form 4972; enclose Form 4972) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 12
00
13 Net operating loss carryover adjustment (see instructions) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 13
00
14 This line is intentionally left blank . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 14
00
00
15 Add lines 1 through 14. Enter the total here and on line 3 of Form M1 . . . . . . . . . . . . . . . . . . . . . 15
Subtractions From Income
16 Net interest or mutual fund dividends from U.S. bonds (see instructions) . . . . . . . . . . . . . . . . . . . 16
00
17 Education expenses you paid for your qualifying children in grades K–12 (see instructions)
Enter the name and grade of each child: . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 17
00
18 If you did not itemize deductions on your federal return and your charitable
00
contributions were more than $500, see instructions . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 18
19 Subtraction for federal bonus depreciation added back to Minnesota taxable income
00
in 2009 through 2013 (determine from worksheet in the instructions) . . . . . . . . . . . . . . . . . . . . . 19
20 Subtraction for federal section 179 expensing added back to Minnesota
taxable income in 2009 through 2013 (see instructions) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 20
00
21 Subtraction for persons age 65 or older, or permanently
and totally disabled (enclose Schedule M1R) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 21
00
9995
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