Schedule Kf - Beneficiary'S Share Of Minnesota Taxable Income - 2017
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2017 Schedule KF, Beneficiary’s Share of Minnesota Taxable Income
Fiduciary: Complete and provide Schedule KF to each nonresident beneficiary with Minnesota source income and
.
any Minnesota beneficiary who has adjustments to income
Amended KF:
Tax year beginning
, 2017 and ending
Beneficiary’s Social Security number
Estate’s or trust’s federal ID number
Minnesota tax ID number
Beneficiary’s name
Estate’s or trust’s name
Address of beneficiary
Address of fiduciary
City
State
Zip code
City
State
Zip code
Calculate lines 1–20 the same for all resident and nonresident beneficiaries. Calculate
lines 21–27 for nonresident beneficiaries only. Round amounts to the nearest whole dollar.
Additions to income
Beneficiary: Include on:
1 State and municipal bond interest from outside Minnesota . . . . . . . . . . . . . . . . . . . . . . . . . . 1
Line 3, Schedule M1M
2 State income tax . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 2
Line 7, Schedule M1M
3 Expenses deducted that are attributable to income not taxed by Minne-
sota (other than interest or mutual fund dividends from U.S. bonds) . . . . . . . . . . . . . . . . . . 3
Line 9, Schedule M1M
4 80 percent of the suspended loss from 2001–2005 or 2008–2016
that was generated by bonus depreciation . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 4
Line 11 inst ., M1M
5 80 percent of federal bonus depreciation addition . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 5
Line 5, Schedule M1M
6 Fines, fees and penalties deducted federally
as a trade or business expense . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 6
Line 10, Schedule M1M
7a Beneficiary’s pro rata gross profit from installment sale of pass-through entities
(see instructions) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 7a
Line 1, Schedule M1AR
7b Beneficiary’s pro rata installment sale income from sales of pass-through entities . . . . . . 7b
Line 2, Schedule M1AR
(see instructions)
7c Applicable S corporation’s or partnership’s apportionment percentage of the year of sale 7c
Line 4, Schedule M1AR
(see instructions)
8 Addition due to federal changes not adopted by Minnesota . . . . . . . . . . . . . .
8 a
Schedule M1NC
8 b
Schedule M1NC
9 Net operating loss (NOL) carryover adjustment . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 9
Line 13, Schedule M1M
10 Domestic production activities deduction . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 10
Line 8, Schedule M1M
Subtractions from income
11 Interest on U.S. government bond obligations, minus any expenses
deducted on the federal return that are attributable to this income . . . . . . . . . . . . . . . . . 1 1
Line 18, Schedule M1M
12 State income tax refund . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 1 2
Line 5, Form M1
13 Federal bonus depreciation subtraction . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 1 3
Line 21, Schedule M1M
14 Subtraction for prior addback of reacquisition of business
indebtedness income included in federal taxable income . . . . . . . . . . . . . . . . . . . . . . . . . . 1 4
Line 36, Schedule M1M
(continued)
9995
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