Schedule Kpc - Partner'S Share Of Income, Credits And Modifications - 2015
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4KPC
15311
2015 Partner’s Share of Income, Credits
and Modifications
Partnership: Complete and provide Schedule KPC to each corporate or partnership partner that is domiciled in another state and to any Minnesota corporate or
partnership partner who has adjustments to income . For individual, estate and trust partners, use Schedule KPI instead .
Amended KPC:
Tax year beginning
, 2015 and ending
Partner’s Federal ID Number
Partnership’s Federal ID Number
Partnership’s Minnesota ID
FEIN of partner ultimatelytaxed (see inst):
Partner’s Name
Partnership’s Name
JOBZ ID Number, if any
Mailing Address
Mailing Address
City
State
Zip Code
City
State
Zip Code
Entity of Partner
Exempt
Partner’s Distributive
(check one box):
Organization
Share:
%
S Corporation
C Corporation
Partnership
Round amounts to the nearest dollar.
Corporate and Partnership Partners
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1 Nonapportionable Minnesota source income . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
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2 Total nonapportionable income . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
3
3 Job Opportunity Building Zone (JOBZ) business exemption . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
4
4 JOBZ zone investment income (partnership partner’s share) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
5
5 Partnership’s minimum fee . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
6
6 Interest income exempt from federal tax . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
7
7 State income taxes deducted in arriving at partnership’s net income . . . . . . . . . . . . . . . . . . . . . . .
8 Expenses deducted that are attributable to income not taxed by Minnesota
8
(other than interest or mutual fund dividends from U .S . bonds) . . . . . . . . . . . . . . . . . . . . . . . . . . . .
9 If the partnership elected section 179 expensing, enter the partner’s
9
flow-through section 179 expensing for Minnesota purposes . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
10
10 100% of partner’s distributive share of federal bonus depreciation . . . . . . . . . . . . . . . . . . . . . . . . .
1 1
11 Fines, fees and penalties deducted federally as a trade or business expense . . . . . . . . . . . . . . . . .
1 2 a
12
Addition due to federal changes not adopted by Minnesota
. . . . . . . . . . . .
This line intentionally left blank.
1 2 b
. . . . . . . . . . . .
13 Interest from U .S . government bond obligations, minus any expenses
1 3
deducted on the federal return that are attributable to this income . . . . . . . . . . . . . . . . . . . . . . . .
1 4 a
14
. . . . . . . . . .
. . . . . . . . . . . .
Subtraction due to federal changes not adopted by Minnesota
This line intentionally left blank.
1 4 b
. . . . . . . . . . . .
Continued next page
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