Schedule M1m - Income Additions And Subtractions - 2017
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2017 Schedule M1M, Income Additions and Subtractions
Complete this schedule to determine line 3 and line 6 of Form M1.
Your First Name and Initial
Last Name
Your Social Security Number
Additions to Income
1 Itemized deduction limitation for taxpayers with an adjusted gross income which
exceeds $186,350 ($93,175 if married filing separate) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 1
2 Personal exemption phase out for taxpayers with an adjusted gross income
that exceeds the applicable threshold (see instructions) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 2
3 Interest from municipal bonds of another state or its governmental units
included on line 8b of federal Form 1040 or 1040A . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 3
4 Federally tax-exempt dividends from mutual funds investing in bonds of another state
or its governmental units included on line 8b of federal Form 1040 or 1040A . . . . . . . . . . . . . . . . . . . . . . . . . 4
5 Federal bonus depreciation addition (determine from worksheet in the instructions) . . . . . . . . . . . . . . . . . . 5
6 Federal section 179 expensing addition (determine from worksheet in the instructions) . . . . . . . . . . . . . . . . 6
7 State income taxes passed through to you as a partner of a partnership ,
a shareholder of an S corporation, or a beneficiary of a trust (see instructions) . . . . . . . . . . . . . . . . . . . . . . . 7
8 Domestic production activities deduction (from line 35 of federal Form 1040) . . . . . . . . . . . . . . . . . . . . . . . . 8
9 Expenses deducted on your federal return attributable to income not taxed
by Minnesota (other than interest or mutual fund dividends from U.S. bonds) . . . . . . . . . . . . . . . . . . . . . . . . 9
10 Fines, fees and penalties federally deducted as a trade or business expense
(see instructions) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 1 0
11 Suspended loss from 2001 through 2005 or 2008 through 2016 on your federal return that
was generated by bonus depreciation (determine from worksheet in the instructions) . . . . . . . . . . . . . . . . . 1 1
12 Capital gain portion of a lump-sum distribution
(from line 6 of federal Form 4972; enclose Form 4972) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 1 2
13 Net operating loss carryover adjustment (see instructions) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 1 3
14 Non-qualified first time homebuyer addition (enclose Schedule M1HOME) . . . . . . . . . . . . . . . . . . . . . . . . . . 1 4
15 Accelerated recognition of nonresident installment sales (enclose Schedule M1AR) . . . . . . . . . . . . . . . . . . . 1 5
16 Addition from Schedule M1NC, line 15 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 1 6
17 Add lines 1 through 16. Enter the total here and on line 3 of Form M1 . . . . . . . . . . . . . . . . . . . . . . . . . . . . 1 7
Subtractions From Income
18 Net interest or mutual fund dividends from U.S. bonds (see instructions) . . . . . . . . . . . . . . . . . . . . . . . . . . 1 8
19 Education expenses you paid for your qualifying children in grades K–12 (see instructions)
Enter the name and grade of each child on the line below: . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 1 9
20 If you did not itemize deductions on your federal return and your charitable
contributions were more than $500, see instructions . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 2 0
21 Subtraction for federal bonus depreciation added back to Minnesota taxable income
in 2012 through 2016 (determine from worksheet in the instructions) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 21
22 Subtraction for federal section 179 expensing added back to Minnesota
taxable income in 2012 through 2016 (see instructions) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 2 2
9995
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