Schedule Mo-Nbi - Nonbusiness Income Schedule

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Attachment Sequence No. 1120-02
SCHEDULE
MO-NBI
MISSOURI DEPARTMENT OF REVENUE
NONBUSINESS INCOME SCHEDULE
(Rev. 12-2012)
CORPORATION NAME
MO TAX I.D. NUMBER
CHARTER NUMBER
FEDERAL I.D. NUMBER
Complete this schedule only if you apportion income to Missouri (using Method 1) and to other states AND you have
income classified as non business income. See 12 CSR 10-2.075 for further explanation of what is business income and
what is nonbusiness income.
NOTE: All income is presumed to be business income unless you can clearly show the income to be nonbusiness income.
If this schedule is not attached to your Corporation Income Tax Return, your nonbusiness income will not be considered.
Definitions: “Business Income” is income arising from transactions and activities in the regular course of the taxpayer’s trade or
business and includes some income from tangible and intangible property if the acquisition, management, and disposition of the
property constitute integral parts of the taxpayer’s regular trade or business operations. Example: The taxpayer is engaged in
the heavy construction business and uses equipment such as cranes and tractors. The taxpayer makes short-term leases of the
equipment when the equipment is not needed on any particular project. The rental income is business income.
“Nonbusiness Income” means all income other than business income. Example: The taxpayer operates a multistate chain of
grocery stores. It purchases as an investment an office building in another state with surplus funds and leases the entire building
to others. The net rental income is not business income of the grocery store trade or business. Therefore, the net rental income is
nonbusiness income.
Describe in detail your regular trade or business operations including your product or service description.
Gross Income
Related Expenses
Detailed description and explanation of why income
is nonbusiness, including the characteristics that
make the item outside of the realm and scope of
1. Everywhere
2. Missouri
3. Everywhere
4. Missouri
your regular business operations.
1.
2.
3.
4.
0.00
0.00
0.00
0.00
Total each column
Nonbusiness income — all sources — Column 1 less Column 3. Enter on Schedule MO-MS, Part 2, Line 9.
Nonbusiness income — Missouri sources — Column 2 less Column 4. Enter on Schedule MO-MS, Part 2, Line 12.
MO-NBI (12-2012)

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