NEAR FINAL DRAFT 8/1/24

                                                                                                                                                                                                                  *243011*

2024 M3, Partnership Return                                                                                                                     Do not use staples on anything you submit.

Tax year beginning (MM/DD/YYYY)                      /             /                    and ending (MM/DD/YYYY)           /        /                                                                                  

Partnership’s Name                                                                                                  Federal ID Number                                                                                Minnesota Tax ID Number

Doing Business as                                                                                                   Former Name, if Changed Since 2023 Return 
                                                                                                                            Check if New Address
Mailing Address 
 
City                                                             State         ZIP Code                             Number of Schedules KPI and KPC                                                                  Number of Partners
 
                Initial        Composite                         More than 80% of                                               Final                                                                                Installment Sale of Pass-through
Check if:       Return         Income Tax                        Income is from Farming                             LLC         Return                                                                               Assets or Interests
                Public         Pass-through                      Tax Position Disclosure 
                Law            Entity (PTE)                      (Include Form TPD)
                86-272         Tax
                                                                                                                            Round amounts to nearest whole dollar

  1   Minimum fee from line 9 of M3A (see M3A inst., page 8)  . . .  . . . . . .  . . . . .  .  . 1                                                              (enclose M3A)

 2  Pass-through Entity Tax  . . . . . .  . . . . .  . . . . . . .  . . . . .  . . . . .  . . . . . .  . . . . .  . .2. .  .                                     (enclose Schedule PTE)

  3   Composite income tax for nonresident individual partners    . .  . . . . . .  . . . . .  . 3                                                               (enclose Schedules KPI)

  4   Minnesota income tax withheld for nonresident individual
      partners. If you received a Form AWC from a partner, check box:                                        . . .  . 4                                          (enclose Forms AWC)

  5  Add lines 1 through 4   . . . . . .  . . . . .  . . . . . .  . . . . . .  . . . . .  . . . . . .  . . . . . .  . . . . .  . . . . . .  . . . . .  . . . . . .  . . . . . . .  . . . .  . 5  
  6  Employer Transit Pass Credit not passed through to partners 
      (enclose Schedule ETP)   . . . . .  . . . . . . .  . . . . . .  . . . . .  . . . . .  . . . . . .  . . . . .  . . . . . . .  . . . . .  . . . . . .  . . . . .  . . . . . .  . . . .  . 6   

 7   Film Production Tax Credit . . .  . . . . . .  . . . . .  . . . . . . .  . . . . .  . . . . . .  . . . . .  . . . . .  . . . . . .  . . . . . .  . . . . . .  . . . . .  . . . . .  .  7  

      Enter the credit certificate number: TAXC - 

 8    Tax Credit for Owners of Agricultural Assets not passed through to partners 
       . . .  . . . . . .  . . . . .  . . . . . . .  . . . . .  . . . . . .  . . . . .  . . . . . .  . . . . .  . . . . . .  . . . . . .  . . . . . .  . . . . .  . . . . . .  . . . . .  . . . . . . .  . . .  . 8  
      Enter the certificate number from the certificate you received from the Rural Finance Authority: 
    
      AO              

  9   State Housing Tax Credit  .  . . . . .  . . . . . . .  . . . . .  . . . . . .  . . . . .  . . . . .  . . . . . . .  . . . . .  . . . . . .  . . . . .  . . . . . .  . . . . . .  . .  . 9   

      Enter the credit certificate number from Minnesota Housing: SHTC -                                                                          

 10  Short Line Railroad Infrastructure Modernization Credit  . . . . .  . . . . . .  . . . . .  . . . . . . .  . . . . .  . . . . .  . . . . . .  . . . . .  .10   

 11  Credit for Sales of Manufactured Home Parks to Cooperatives  . . .  . . . . . .  . . . . .  . . . . . . .  . . . . .  . . . . . .  . . . . .  . .           11   

 12  Add lines 6 through 11, limited to the amount of the minimum fee on line 1  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  . 12  

 13   Subtract line 12 from line 5 (if result is zero or less, leave blank)   . .  . . . . . .  . . . . . .  . . . . .  . . . . .  . . . . . .  . . . . . .  .  .13                                                                                   

                                                                                                  9995                                                           Continued next page

                                                  NEAR FINAL DRAFT 8/1/24
2024 M3, page 2
                                                                                                                                                                                              *243021*

Partnership’s Name                                                                                Federal ID Number                                                                                Minnesota Tax ID Number

 14  Enterprise Zone Credit not passed through to partners  . . .  . . . . . .  . . . . . .  .  . 14  

 15  Estimated tax and/or extension payments made for 2024   . .  . . . . . .  . . . . .  . 15        

 16  Add lines 14 and 15  .  . . . . .  . . . . . . .  . . . . .  . . . . .  . . . . . .  . . . . . .  . . . . .  . . . . . .  . . . . . .  . . . . .  . . . . . .  . . . . . .  . . . . .  . 16  

 17  Tax due. If line 13 is more than line 16, subtract line 16 from line 13    . . . .  . . . . .  . . . . .  . . . . . .  . . . . . .  . . . . .  . .  .                                    17   

 18  Penalty (see instructions)   .  . . . . . .  . . . . . . .  . . . . .  . . . . .  . . . . . .  . . . . .  . . . . . .  . . . . . .  . . . . . .  . . . . .  . . . . . .  . . . . .  .    18  

 19  Interest (see instructions)      . . .  . . . . . .  . . . . .  . . . . . . .  . . . . .  . . . . . .  . . . . .  . . . . .  . . . . . .  . . . . . .  . . . . . .  . . . . .  . . . .  .19  

 20  Additional charge for underpayment of estimated tax  
     (enclose Schedule EST)    .  . . . . .  . . . . . .  . . . . . .  . . . . .  . . . . . .  . . . . . .  . . . . .  . . . . . .  . . . . .  . . . . . .  . . . . . .  . . . . .  . . .  .  20   
  
 21  AMOUNT DUE. If you entered an amount on line 17, add lines 17 through 20. 

   Check payment method:              Electronic (see inst., pg. 2), or    Check (see inst. pg. 2)    . . .  . . . . . .  . . . . .  .  .                                                     21  

 22  Overpayment. If line 16 is more than the sum of lines 13 and 18 through 20,  
   subtract lines 13 and 18 through 20 from line 16 (see instructions, page 7)   . . .  . . . . . .  . . . . .  . . . . . . .  . . . . .  . .  .22                                                

 23  Amount of line 22 to be credited to your 2025 estimated tax  . . .  . . . . . .  . .  . 23       

 24  REFUND. Subtract line 23 from line 22   . . .  . . . . . .  . . . . .  . . . . . .  . . . . .  . . . . . .  . . . . . .  . . . . .  . . . . .  . . . . . .  . . . . .  .                 24  
 25  To have your refund direct deposited, enter the following. Otherwise, you will receive a check.  
   You must use an account not associated with any foreign banks.
 Account type:  

     Checking        Savings  
                                   Routing number                         Account number (use an account not associated with any foreign banks)

I declare that this return is correct and complete to the best of my knowledge and belief.

                                                                                                        /           /
Signature of Partner or LLC Member                                                                    Date (MM/DD/YYYY)                                                                            Partner or Member's Direct Phone

Print Name of Partner or LLC Member             Email Address for Correspondence, if Desired          This email address belongs to:
                                                                                                        Employee             Paid Preparer                                                           Other:

                                                                                                        /           /
Paid Preparer’s Signature if Other than Partner Preparer’s PTIN                                       Date (MM/DD/YYYY)                                                                            Preparer’s Direct Phone 

Include a complete copy of your federal Form 1065, Schedules K and K-1,  
and other federal schedules.                                                                              I authorize the Minnesota Department of Revenue to discuss 
Mail to:   Minnesota Partnership Tax                                                                      this tax return with the preparer.
      Mail Station 1760 
      600 N. Robert St.                                                                                   I do not want my paid preparer to file my return electronically.
      St. Paul, MN 55146-1760

                                                                          9995

                                                           NEAR FINAL DRAFT 8/1/24

                                                                                                                                                                                        *243031*

2024 M3A, Apportionment and Minimum Fee

All partnerships must complete M3A to determine its Minnesota source income and minimum fee. See M3A 
instructions beginning on page 9. 

                                                                                                                                                       A                     B                                 C   
                                                                                                                                                     In Minn.                Total                       Factors (A ÷ B)  
                                                                                                                                                                                        (carry to 5 decimal places)

Property
  1 a  Average value of inventory  . . .  . . . . . .  . . 1a             
   b Average value of buildings, machinery  
     and other tangible property owned . . .  . 1b                          

   c  Average value of land owned    . . . . .  . . . 1c                    
     Total average value of tangible property  
     owned at original cost (add lines 1a-1c)  . .  .   1

  2 Capitalized rents paid by partnership 
   (gross rents paid x 8)  .... ...... ...... ... 2   
 
  3 Add lines 1 and 2   . . . . . .  . . . . . .  . . . . .  . . . . . 3  

Payroll
  4 Total payroll, including guaranteed 
   payments to partners  . . .  . . . . .  . . . . . .  . . . . . 4       
Sales
  5 Sales (including rents received)  . . .  . . . . . .  . . 5                                                                                                                            

Minimum Fee Calculation
  6 Total of lines 3, 4 and 5 in column A  . . .  . . . . 6               

  7 Adjustments (see instructions, page 9)    .  . . . 7                                                                                                           (Identify pass-through entity and enclose schedule.)
   Schedule KPC MUST be included.
 8 Combine lines 6 and 7   . .  . . . . . . .  . . . . .  . . . . 8                                                                                             

  9 Minimum fee (determine using the amount  
   on line 8 and the table below)  . . .  . . . . . .  . . . 9                                                                                                     Enter this amount on line 1 of your Form M3.

 Minimum Fee Table

 If line 8 of M3A is:                                                    your minimum fee is:
 less than $1,220,000   . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .    $0
 1,220,000 to $2,439,999   . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .           $250    * The following partnerships do not have to pay a 
 $2,440,000 to $12,199,999   . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .                 $730     minimum fee: 
 $12,200,000 to $24,389,999   . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .                     $2,440   • Farm partnerships with more than 80 percent of 
 $24,390,000 to $48,779,999   . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .                     $4,890     income from farming 
 $48,780,000 or more   . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .   $12,220   If you are exempt from the minimum fee, leave 
                                                                                                                                                                line 9 above and line 1 on Form M3 blank.

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