Schedule M1nc - Federal Adjustments - 2017 Page 4

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Worksheet for Line 8 — Minnesota IRA Deduction

Before you complete this worksheet, you must complete the federal worksheet for Form 1040, line 32, or Form 1040A, line 17.

Before completing this worksheet, complete the worksheet for Line 8 – Rental Real Estate Losses, and the worksheet for Line 8 – Social Security

Income on the previous page, if you were required to do so.

Your IRA

Spouse's IRA

1 Enter the amount shown below that applies to you . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .1a

* Single, Head of Household, or Married Filing Separately and you lived apart from your spouse for all of 2017 enter $72,000

* Qualifying Widow(er) enter $119,000

* Married Filing Jointly enter $119,000 in both columns. If one spouse was not covered by a retirement plan enter $196,000 for the spouse

who was not covered

* Married filing separately and you lived with your spouse at any time in 2017 enter $10,000

2 Enter the sum or Schedule M1NC, lines 3 through 7, step 15 of the Worksheet for Line 8- Rental Real Estate Losses,

step 16 of the worksheet for Line 8 – Social Security Income, and the amounts on your federal Form 1040,

line 22, or your federal From 1040A, line 15. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 2

3 Enter the total of the amounts from Form 1040, lines 23 through 31a plus any write in

adjustments you entered on the dotted line next to line 36. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 3

If you filed Form 1040A, enter the amount on line 16.

4 Subtract step 3 from step 2. If married filing jointly, enter the result in both columns. . . . . . . . .4a

5 Is the amount on line 4 less than the amount on line 1?

No: None of your IRA is deductible for Minnesota purposes. Include the amount you

entered on Form 1040, line 32, or Form 1040A, line 17 on Schedule M1NC, line 8.

Yes: Subtract step 4 from step 1. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .5a

6 Using the amount on step 5, determine the amount to enter based on the instructions below . . 6a

* If single, head of household, or married filing separately, and the result

is $10,000 or more, enter $5,500 ($6,500 if age 50 or older but under

70 1/2 at the end of 2017) for that column on steps 6 and 7. If

the result is less than $10,000, go to step 7.

* If married filing jointly or qualifying widow(er), and the result is $20,000 or

more ($10,000 or more in the column for the IRA of the person who wasn't covered by a

retirement plan), enter $5,500 ($6,500 if age 50 or older but under age 70 1/2 at the end of 2017)

for that column on steps 6 and 7. Otherwise go to step 7.

7 Multiply step 5 by the percentage you used to determine step 7 of your

federal worksheet for Form 1040, line 32, or Form 1040A, line 17

Increase the result to the next increment of $10. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 7a

8 Enter the sum of the following amounts: . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 8

* Step 8 from your federal worksheet for Form 1040, line 32, or Form 1040A, line 17, and

* The amount from step 9 of your federal worksheet for Form 1040, line 32.

9 Enter the amount from: . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 9a

* Step 11 from your federal worksheet for Form 1040, line 32, or

* Step 9 from your federal worksheet for Form 1040A, line 17.

10 Enter the smallest of steps 7a, 8, or 9a on step 10a. Enter the smallest of

steps 7b, 8, or 9b on step 10b. If you elected to deduct a smaller amount on your

federal return, reduce the amount for this line by the amount you elected to treat as a

nondeductible contribtion on your federal return. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 10a

10b

11 Add steps 10a and 10b . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 11

12 Enter the amount from your federal Form 1040, line 32, or Form 1040A, line 17. . . . . . . . . . . . . 12

13 Subtract step 11 from step 12. If the result is more than $0, include it on Schedule M1NC,

line 8. If the result is less than $0, include as a positive amount Schedule M1NC, line 14. . . . . . . 13

Save this worksheet and your 2017 Minnesota income tax return for your records until at least 3½ years after you file your Minnesota return for

the year during which your IRA balance became $0.