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  2 4  6  8  10     12  14 16  18  20 22  24  26      28  30 NEAR FINAL DRAFT 8/1/2432  34  36  38  40 42  44  46 48  50 52  54  56    58  60  62  64  66 68  70  72  74  76  78  80    82  84  86
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    6                                                                                                                                                 *247211*6
    7                                                                                                                                                                                    7
    8  2024 KPI, Partner’s Share of Income, Credits                                                                                                                                      8
    9                                                                                                                                                                                    9
    10 and Modifications                                                                                                                                                                 10
    11 Partnership: Complete and provide Schedule KPI to each nonresident individual, estate or trust partner and any Minnesota individual, estate or trust partner who has adjustments  11
       to income or credits, or all partners if the partnership is electing PTE tax. For corporate and partnership partners, use Schedule KPC instead.
    12                                                                                                                                                                                   12
    13 Tax year beginning (MM/DD/YYYY)     MM  /      DD     /YYYY   and ending (MM/DD/YYYY)          MM  /                              DD     /YYYY            Amended KPI:  X         13
    14                                                                                                                                                                                   14
    15 1234567890                                                                                                 0123456789                              0123456789                     15
    16 Partner’s Federal ID or Social Security Number                                                             Partnership’s Federal ID Number         Partnership’s Minnesota ID     16
    17 PARTNER’S NAMEXXXXXXXXXXXXXXXXXX                                                                           PARTNERSHIP NAME                                                       17
    18 Partner’s Name                                                                                             Partnership’s Name                                                     18
    19 MAILING ADDRESSXXXXXXXXXXXXXXXXX         MAILING ADDRESSXXXXXXXXXXXX                                                                                                              19
    20 Mailing Address                                                                                            Mailing Address                                                        20
    21 CITYXXXXXXXX   MN     XXXXX                                                                                CITYXXXXXXXXX    MN     12345                                          21
    22 City                           State           ZIP Code                                                    City                             State         ZIP Code                22
    23                                                                                                                                                                                   23
    24 Entity of Partner (check one box):     X    Individual                                  X   Trust  X   Estate      XXXXXXXXXX                   %                                 24
    25                                                                                                                   Partner’s Distributive Share                                    25
    26 Calculate lines 1-38 the same for all resident and nonresident partners. Calculate lines 39-55 for estate, trust, and nonresident individual partners only.  26
    27 Round amounts to the nearest whole dollar.                                                                                                                                        27
    28                                                                                                                                                             Form M1 filers,       28
    29                                                                                                                                                             include on:           29
       Individual, Estate and Trust Partners
    30                                                                                                                                                                                   30
    31   1 Interest income from non-Minnesota state and municipal bonds ..... ..... ...... ..... ... 1                                   0123456789                M1M, line 1           31
    32                                                                                                                                                                                   32
    33   2 State taxes deducted in arriving at partnership’s net income . ..... ...... ...... ..... ..... 2                             0123456789                 M1MB, line 2          33
    34   3 Expenses deducted attributable to income not taxed by Minnesota                                                                                                               34
    35     (other than interest or mutual fund dividends from U.S. bonds) ... ...... ..... ...... .....                           3    0123456789                  M1M, line 3           35
    36                                                                                                                                                                                   36
    37   4 100% of partner’s distributive share of federal bonus depreciation  . ..... ..... ...... ..... 4                            0123456789                  M1MB, see line 1 inst 37
    38                                                                                                                                                                                   38
    39   5 Foreign-derived intangible income (FDII) deduction .... ...... ...... ...... ..... ...... .. 5                              0123456789                  M1MB, line 3          39
    40                                                                                                                                                                                   40
    41   6 This line intentionally left blank ... ...... ..... ...... ..... ...... ..... ...... ...... .... 6                                                                            41
    42                                                                                                                                                                                   42
    43  7a Partner’s Pro rata gross profit from installment sales of pass-through                                                                                                        43
    44     businesses (see instructions)... ...... ..... ....... ..... ..... ...... ..... ...... ...... 7a                             0123456789                  M1AR, line 1          44
    45                                                                                                                                                                                   45
    46  7b Partner’s pro rata installment sale income from pass-through .. ...... ..... ....... ..... ..                          7b   0123456789                  M1AR, line 3          46
    47     businesses (see instructions)                                                                                                                                                 47
    48   8 This line intentionally left blank . ..... ...... ..... ....... ..... ...... ..... ...... ...... . 8                                                                          48
    49                                                                                                                                                                                   49
    50   9 This line intentionally left blank . ..... ...... ..... ....... ..... ...... ..... ..... ....... . 9                                                                          50
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    52  10 This line intentionally left blank . ..... ...... ..... ....... ..... ...... ..... ..... ....... 10                                                                           52
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    54  11 This line intentionally left blank . ..... ...... ..... ....... ..... ...... ..... ..... ....... 11                                                                           54
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    56  12 This line intentionally left blank . ..... ...... ...... ...... ..... ...... ...... ..... ...... 12                                                                           56
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    58  13 This line intentionally left blank . ..... ...... ...... ...... ..... ...... ...... ..... ...... 13                                                                           58
    59                                                                                                                                                                                   59
    60  14 Interest from U.S. government bond obligations, minus any expenses                                                                                                            60
    61     deducted on the federal return that are attributable to this income ... ..... ...... ...... . 14                            0123456789                  M1M, line 14          61
    62                                                                                                                                                                                   62
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    4                                                                                                                                                                                4
       2024 KPI, page 2
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    6                                                                                                                                            *247221*6
    7                                                                                                                                                                                7
    8  PARTNER’S NAMEXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXX                                                                              0123456789                                         8
    9  Partner’s Name                                                                                                             Partner’s Federal ID Number or SSN                 9
    10 PARTNERSHIP NAMEXXXXXXXXXXXXXXXXXXXXXXXXXXXXX                                                                              0123456789                                         10
    11 Partnership’s Name                                                                                                         Partnership’s Federal ID Number                    11
    12                                                                                                                                                                               12
    13  15 Deferred foreign income (section 965) ..... ...... ..... ...... ..... ...... ...... ...... 15                              0123456789                  M1MB, line 17      13
    14                                                                                                                                                                               14
    15  16 Disallowed section 280E expenses of a licensed cannabis or hemp business .... ..... ..... 16                               0123456789                  M1MB, line 16      15
    16                                                                                                                                                                               16
    17  17 Delayed business interest ... ...... ..... ....... ..... ...... ..... ..... ...... ...... .. 17                            0123456789                     (see KPI Inst.) 17
    18                                                                                                                                                                               18
    19  18 State income tax refund included in income... ...... ..... ...... ...... ..... ...... ..... . 18                           0123456789                     M1, line 6      19
    20                                                                                                                                                                               20
    21  19 This line intentionally left blank . ..... ...... ..... ....... ..... ...... ..... ..... ....... 19                                                                       21
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    23  20  This line intentionally left blank ... ...... ..... ...... ..... ...... ..... ...... ...... ... 20                                                                       23
    24                                                                                                                                                                               24
    25  21 Partner’s pro rata share of a net gain relating to dispositions of Class 2a property... ...... . 21                        0123456789                     NIIT, line 2    25
    26                                                                                                                                                                               26
    27  22 Partner’s pro rata share of deductions and modifications relating to line 21. ...... ...... .. 22                          0123456789                     NIIT, line 7    27
    28                                                                                                                                                                               28
    29  23 State Housing Tax Credit  ...... ..... ...... ..... ...... ...... ..... ...... ..... ....... 23                            0123456789                     M1C, line 15    29
    30                                                                                                                                                                               30
    31    Enter the credit certificate number: SHTC -                       0123 - 4567890000                                                                                        31
    32                                                                                                                                                                               32
    33  24  Short Line Railroad Infrastructure Modernization Credit .... ...... ..... ...... ...... ...... 24                         0123456789                     M1C, line 14    33
    34                                                                                                                                                                               34
    35  25 Credit for Sales of Manufactured Home Parks to Cooperatives... ...... ..... ....... ..... 25                               0123456789                     M1C, line 13    35
    36                                                                                                                                                                               36
    37   26 Credit for increasing research activities                      ... ...... ..... ....... ..... ..... ...... ..... ... 26   0123456789                     M1C, line 16    37
    38                                                                                                                                                                               38
    39  27  Film Production Tax Credit .. ...... ..... ...... ...... ...... ..... ...... ..... ....... . 27                           0123456789                     M1C, line 11    39
    40                                                                                                                                                                               40
    41      Enter the credit certificate number: TAXC -                     0123456789                                                                                               41
    42                                                                                                                                                                               42
    43  28  Tax Credit for Owners of Agricultural Assets ... ...... ..... ....... ..... ...... ..... .... 28                          0123456789                     M1C, line 12    43
    44      Enter the certificate number from the certificate received from the                                                                                                      44
    45     Rural Finance Authority:                                                                                                                                                  45
    46                                                                                                                                                                               46
    47      AO             0123                      4567890000                                                                                                                      47
    48                                                                                                                                                                               48
    49  29 Credit for Sustainable Aviation Fuel ... ...... ..... ....... ..... ...... ..... ..... ...... 29                           0123456789                     M1REF, line 12  49
    50                                                                                                                                                                               50
    51    Enter certificate number from the Department of Agriculture:                       0123456789                                                                              51
    52                                                                                                                                                                               52
    53  30 Credit for historic structure rehabilitation. .... ...... ..... ..... ...... ....... ..... .... 30                         0123456789                     M1REF, line 7   53
    54                                                                                                                                                                               54
    55      Enter National Park Service (NPS) number:  0123456789                                                                                                                    55
    56                                                                                                                                                                               56
    57  31 Employer Transit Pass Credit... ...... ..... ....... ..... ...... ..... ..... ...... ...... 31                             0123456789                     M1C, line 5     57
    58                                                                                                                                                                               58
    59  32 Enterprise Zone Credit... ...... ..... ....... ..... ...... ..... ...... ..... ...... ..... 32                             0123456789                     M1REF, line 8   59
    60                                                                                                                                                                               60
    61  33 Pass-through Entity Credit. If the pass-through entity tax                                                                                                                61
    62     satisfies the partner’s filing requirement, check this box       X ... ...... ..... ....... .... 33                        0123456789                     (see inst.)     62
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       2024 KPI, page 3
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    6                                                                                                                                                                              *247231*6
    7                                                                                                                                                                                                                           7
    8  PARTNER’S NAMEXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXX                                                                                                                   0123456789                                               8
    9  Partner’s Name                                                                                                                                                  Partner’s Federal ID Number or SSN                       9
    10 PARTNERSHIP NAMEXXXXXXXXXXXXXXXXXXXXXXXXXXXXX                                                                                                                   0123456789                                               10
    11 Partnership’s Name                                                                                                                                              Partnership’s Federal ID Number                          11
    12                                                                                                                                                                                                                          12
    13  34 Minnesota backup withholding .... ..... ..... ...... ...... ...... ...... ..... ..... ... 34                                                                  0123456789                       M1W, line 7, col C    13
    14                                                                                                                                                                                                                          14
    15 Relating to Alternative Minimum Tax                                                                                                                                                                                      15
    16  35 Intangible drilling costs ... ...... ..... ...... ...... ..... ...... ..... ...... ...... .... 35                                                             0123456789                       Use lines 35-38 to    16
    17                                                                                                                                                                                                    compute M1MT,         17
                                                                                                                                                                                                          lines 6 and 7. See 
    18  36 Gross income from oil, gas and geothermal properties  .... ...... ..... ...... ..... ..... 36                                                                 0123456789                       M1MT instructions  18
    19                                                                                                                                                                                                    for details.          19
    20  37 Deductions allocable to oil, gas and geothermal properties                                                      ... ...... ..... ....... ..... .. 37          0123456789                                             20
    21                                                                                                                                                                                                                          21
    22  38 Depletion                                       ... ...... ..... ....... ..... ..... ...... ..... ...... ...... ...... ..... .... 38                          0123456789                                             22
    23                                                                                                                                                                                                                          23
    24 Minnesota Portion of Amounts From Federal Schedule K-1 (1065)                                                                                                                                                            24
    25  39 Minnesota source gross income  .... ..... ...... ...... ...... ..... ...... ..... ....... 39                                                                  0123456789                       info only (see inst.) 25
    26                                                                                                                                                                                                                          26
    27  40 Ordinary Minnesota source income (loss)                                                                                                                                                                              27
    28      from trade or business activities                                      ... ...... ..... ....... ..... ...... ..... ...... ..... .. 40                        0123456789                       M1NR, line 6, col B   28
    29                                                                                                                                                                                                                          29
    30  41 Income (loss) from Minnesota rental real estate ... ...... ..... ....... ..... ..... ...... 41                                                                0123456789                       M1NR, line 6, col B   30
    31                                                                                                                                                                                                                          31
    32  42 Other net income (loss) from Minnesota rental activities ... ...... ..... ....... ..... .... 42                                                               0123456789                       M1NR, line 6, col B   32
    33                                                                                                                                                                                                                          33
    34  43 Guaranteed payments  ..... ..... ....... ..... ..... ...... ...... ..... ....... ..... .. 43                                                                  0123456789                       M1NR, line 6, col B   34
    35                                                                                                                                                                                                                          35
    36  44 Interest income ... ...... ..... ....... ..... ...... ..... ..... ...... ...... ...... .... 44                                                                0123456789                       M1NR, line 2, col B   36
    37                                                                                                                                                                                                                          37
    38  45 Ordinary dividends  ... ...... ..... ....... ..... ...... ..... ...... ..... ...... ...... . 45                                                               0123456789                       M1NR, line 2, col B   38
    39                                                                                                                                                                                                                          39
    40  46 Royalties  ... ..... ...... ....... ..... ..... ...... ..... ....... ..... ...... ..... .... 46                                                               0123456789                       M1NR, line 6, col B   40
    41                                                                                                                                                                                                                          41
    42  47 Net Minnesota short-term capital gain (loss) ... ...... ..... ...... ...... ..... ...... ... 47                                                               0123456789                       M1NR, line 4, col B   42
    43                                                                                                                                                                                                                          43
    44  48 Net Minnesota long-term capital gain (loss)  ..... ...... ...... ...... ..... ...... ..... . 48                                                               0123456789                       M1NR, line 4, col B   44
    45                                                                                                                                                                                                                          45
    46  49Section      1231 Minnesota net gain (loss)                                          . ..... ...... ...... ..... ..... ...... ...... ....         49           0123456789                       M1NR, line 4 or 8, col46B
    47                                                                                                                                                                                                                          47
    48                                                                                                                                                                                                                          48
    49  50 Other Minnesota income (loss). (Describe type of income                                                                                                                                                              49
    50     or include separate sheet:  XXXXXXXXXXXXXXX) ... ...... ...... ...... ..... ... 50                                                                            0123456789                       M1NR, line 8, col B   50
    51                                                                                                                                                                                                                          51
    52  51Section      179 expense deduction apportionable to Minnesota                                                     . ..... ....... ..... ...... .. 51           0123456789                       M1NR inst, line 6, col52B
    53                                                                                                                                                                                                    See Schedule KPI Inst.53
    54  52 Partnership’s Minnesota apportionment factor                                                                                                                                                                         54
    55     (line 5, column C of M3A) .... ...... ...... ..... ...... ...... ..... ...... ...... ..... . 52                                                               0123456789                       information only      55
    56                                                                                                                                                                                                                          56
    57 Nonresident Individual Partners Only:                                                                                                                                                                                    57
    58 Composite Income Tax or Nonresident Withholding                                                                                                                                                                          58
    59                                                                                                                                                                                                                          59
    60  53 Minnesota source distributive income (see instructions)  ... ..... ....... ..... ...... .... 53                                                               0123456789                                             60
    61                                                                                                                                                                                                                          61
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       2024 KPI, page 4
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    6                                                                                                                 *247261*6
    7                                                                                                                                                           7
    8  PARTNER’S NAMEXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXX                                                      0123456789                                            8
    9  Partner’s Name                                                                                     Partner’s Federal ID Number or SSN                    9
    10 PARTNERSHIP NAMEXXXXXXXXXXXXXXXXXXXXXXXXXXXXX                                                      0123456789                                            10
    11 Partnership’s Name                                                                                 Partnership’s Federal ID Number                       11
    12                                                                                                                                                          12
    13  54 Minnesota composite income tax paid by partnership.                                                                                                  13
    14    If the partner elected composite income tax, check this box:    X  ..... ...... ..... ...... 54  0123456789                        composite income tax14
    15                                                                                                                                                          15
    16  55 Minnesota income tax withheld for nonresident individual                                                                                             16
    17    partner not electing to file composite income tax. If the                                                                                             17
    18    partner completed and signed a Form AWC, check this box:     X   ... ...... ..... ...... .. 55   0123456789                        M1W, line 7, col C 18
    19                                                                                                                                                          19
    20    Partnership: Include this schedule and copies of federal Schedules K and K-1 with your Form M3.                                                       20
    21    Partner: Include this schedule with your Form M1 (individuals) or Form M2 (estates and trusts).                                                       21
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