Schedule Kpi - Partner'S Share Of Income, Credits And Modifications - 2016
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5KPI
16321
Partner’s Share of Income, Credits
and Modifications 2016
Partnership: Complete and provide Schedule KPI to each nonresident individual, estate or trust partner and any Minnesota individual, estate or trust partner
who has adjustments to income. For corporate and partnership partners, use Schedule KPC instead.
Amended KPI:
Tax year beginning
, 2016 and ending
Partner’s Federal ID or SSN Number
Partnership’s Federal ID Number
Partnership’s Minnesota Tax ID
FEIN/SSN of partner ultimately taxed (see inst):
Partner’s Name
Partnership’s Name
Mailing Address
Mailing Address
City
State
Zip Code
City
State
Zip Code
Entity of Partner (check one box):
Individual
Trust
Estate
Partner’s distributive share:
%
Calculate lines 1–18 the same for all resident and nonresident partners. Calculate lines 19-35 for nonresident
partners only. Round amounts to the nearest whole dollar.
Form M1 Filers:
Individual, Estate and Trust Partners
Include on:
1 Interest income from non-Minnesota state and municipal bonds . . . . . . .
1
M1M, line 4
2
2 State income tax deducted in arriving at ordinary or net rental income . .
M1M, line 7
3 Expenses deducted attributable to income not taxed by Minnesota
(other than interest or mutual fund dividends from U .S . bonds) . . . . . . . .
3
M1M, line 9
4 If the partnership elected section 179 expensing, enter the partner’s
4
flow-through section 179 expensing for Minnesota purposes . . . . . . . . . .
M1M, see line 6 inst
5
5 100% of partner’s distributive share of federal bonus depreciation . . . . .
M1M, see line 5 inst
6 Fines, fees and penalties deducted
federally as a trade or business expense . . . . . . . . . . . . . . . . . . . . . . . . . .
6
M1M, line 10
7
Addition due to federal changes not adopted by Minnesota
This line intentionally left blank.
. . . .
. . . . .
7a
M1NC, see inst .
7b
. . . . .
M1NC, see inst .
8 Interest from U .S . government bond obligations, minus any expenses
deducted on the federal return that are attributable to this income . . . . .
8
M1M, line 16
9 a
9
Subtraction due to federal changes not adopted by Minnesota
. .
. . . . .
This line intentionally left blank.
M1NC, see inst .
9 b
. . . . .
M1NC, see inst
10
10 Credit for increasing research activities . . . . . . . . . . . . . . . . . . . . . . . . . . . .
M1C, line 3
1 1
11 Greater Minnesota Internship Credit . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
M1B, line 3
12 Credit for historic structure rehabilita-
1 2
tion and enter NPS project number: . . .
. . .
M1B, line 2
9995
Continued next page
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