Form M2 - Income Tax Return For Estates And Trusts - 2017 Page 3
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32017 M2, page 3
*172031*
Adjustments to Income
25 State and municipal bond interest from outside Minnesota . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
25
26 State income tax deducted on federal return . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
26
27 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) . . . . . . . . . . . . . . . . . . . . . .
27
28 80 percent of the suspended loss from 2001–2005 or 2008–2016 on your
federal return that was generated by bonus depreciation (see instructions, page 7) . . . . . . . . . . . . . . . . .
28
29 80 percent of federal bonus depreciation addition . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
29
30 Fines, fees and penalties deducted federally as a trade or business expense . . . . . . . . . . . . . . . . . . . . . . . .
30
31 Addition due to federal changes not adopted by Minnesota . . . . . . . . . . . . . . . . . . . .
31a
31b
32 Net operating loss (NOL) carryover adjustment . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
32
33 Domestic production activities deduction . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
33
34 Add lines 25 through 33. Enter the result here and on line 45, column E, under Additions . . . . . . . . . . . .
34
35 Interest on U.S. government bond obligations, minus any expenses
deducted on your federal return that are attributable to this income . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
35
36 State income tax refund included on federal return . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
36
37 Federal bonus depreciation subtraction (see instructions, page 8) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
37
38
Subtraction due to federal changes not adopted by Minnesota . . . . . . . . . . . . . . . . . .
38a
38b
39 Subtraction for prior addback of reacquisition of business indebtedness income . . . . . . . . . . . . . . . . . . . .
39
40 Subtraction for railroad maintenance expenses . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
40
41 Net operating loss carryover adjustment . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
41
42 Add lines 35 through 41. Enter the result here and on line 45, column E, under Subtractions . . . . . . . . . .
42
Allocation of Adjustments Between Fiduciary and Beneficiaries (see instructions, page 9)
A
B
C
D
E
Beneficiary’s Social
Share of federal
Percent of total on
Shares assignable to beneficiary and to fiduciary
Name of each beneficiary
Security number
distributable net income
line 45, column C
Additions
Subtractions
43
%
%
%
44
Fiduciary
%
45
Total
100%
Enclose separate sheet, if needed.
9995
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