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Schedule M2SB, Income Tax Computation for S Portion of ESBT 2014
Name of Trust
Federal ID Number
Minnesota ID Number
Name of S-Corporation S Portion of ESBT Holds Stock In
Federal ID Number of S-Corporation
Additional S-Corporation S Portion of ESBT Holds Stock In
Federal ID Number of Additional S-Corporation
1 Federal taxable income of S portion (enclose federal computation) . . . . . . . . . . . . . . . . . . . . . . . . . . . 1
2 Fiduciary’s deductions and losses not allowed by Minnesota (see Form M2 instructions, page 4) . . 2
3 Additions (from line 21, on page 2 of this form) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 3
4 Add lines 1 through 3 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 4
5 Subtractions (from line 30, on page 2 of this form) . . . . . . . . . . . . . . . .
5
6 Fiduciary’s income from non-Minnesota sources
(see Form M2 instructions, page 4) . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
6
7 Add lines 5 and 6 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 7
8 Minnesota taxable net income. Subtract line 7 from line 4 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 8
9 Tax from table on pages 11 through 14 of the M2 instructions
using the income amount shown on line 8 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 9
10 Total of tax from Schedule M2MT (enclose Schedule M2MT) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 10
11 Total of 2014 tax for S portion. Add lines 9 and 10 and include amount on line 11 of Form M2 . . . . 11
(Continued)
You must include this schedule and a copy of federal computations for the S portion
of the ESBT when you fi le Form M2.
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