Schedule M2sb - Income Tax Computation For S Portion Of Esbt Tax And Payments Income Print Or Type - 2017 Page 2

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15232
2015 M2SB, page 2
Adjustments to Income
1 2 State and municipal bond interest from outside Minnesota . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 1 2
1 3 State income tax deducted on federal return . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 1 3
1 4 Expenses deducted on your federal return that are attributable to income not taxed
by Minnesota (other than interest or mutual fund dividends from U .S . bonds) . . . . . . . . . . . . . . . . . 1 4
1 5 80 percent of the suspended loss from 2001–2005 or 2008–2014 on your
federal return that was generated by bonus depreciation
. . . . . . 1 5
(see Form M2 instructions, page 7)
16 80 percent of federal bonus depreciation . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 16
17 Fines, fees and penalties deducted federally as a trade or business expense . . . . . . . . . . . . . . . . . . 17
1 8 This line is intentionally left blank . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
1 8 a
1 8 b
19 Net operating loss carryover adjustment . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 19
2 0 Domestic production activities deduction . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 20
21 Add lines 12 through 20 . Enter the result here and on line 3 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 21
2 2 Interest on U .S . government bond obligations, minus any expenses
deducted on your federal return that are attributable to this income . . . . . . . . . . . . . . . . . . . . . . . . . 22
23 State income tax refund included on federal return . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 23
24 Federal bonus depreciation subtraction (see Form M2 instructions, page 7) . . . . . . . . . . . . . . . . . . 24
2 5 Job Opportunity Building Zone (JOBZ) business and investment
income exemptions (see Form M2 instructions, page 8) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 25
2 6
This line is intentionally left blank . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
2 6a
2 6b
27 Subtraction for prior addback of reacquisition of business indebtedness income . . . . . . . . . . . . . . . 27
2 8 Subtraction for railroad maintenance expenses . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 28
2 9 Net operating loss carryover adjustment . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 29
3 0 Add lines 22 through 29 . Enter the result here and on line 5 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 30
9995

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