*237301*

2023 Schedule PTE-RP, Pass-through Entity Tax 

for Resident Partners
Partnerships, and Limited Liability Companies (LLCs) taxed as a Partnership: Complete Schedule PTE-RP and file with Schedule PTE if 
you are electing to pay tax at the entity level. Include amounts attributable to partners who are Minnesota residents. 

Name of LLC or Partnership                                                                     FEIN                  Minnesota Tax ID Number

Entity is a   Partnership         LLC
Complete lines 1 through 13 with amounts attributable to partners who are Minnesota residents.  
  1  80% of federal bonus depreciation (see instructions)... ...... ..... ....... ..... ...... ..... ..... ...... ... 1 

  2  Foreign--derived intangible income (FDII) deduction ... ...... ..... ....... ..... ...... ..... ..... ...... ...  2 

  3  This line intentionally left blank . ..... ...... ...... ..... ..... ...... ...... ...... ..... ...... ..... ...... 3 

 4  State income taxes deducted by the entity to determine net income (see instructions)                   ... ...... ..... ....... .. 4 

  5  Amounts from federal Schedules K-1, special allocations, and guaranteed payments (see instructions) .... ..... 5 

  6  Add lines 1 through 5... ...... ..... ....... ..... ...... ..... ..... ...... ...... ...... ..... ...... ..... . 6  

  7  Subtractions: Deferred foreign income (sec. 965) and delayed business interest                  ... ...... ..... ....... ..... .. 7 

  8  State income tax refund included in income (see instructions) ...... ...... ..... ...... ..... ...... ..... .... 8 

  9  One-fifth of the bonus depreciation that was added back in a year the Partnership filed Schedule PTE... ...... .9 

 10  One-fifth of the section 179 expensing that was added back in a year the partner was a nonresident and 
     elected to be included in the composite income tax . ...... ..... ....... ..... ..... ...... ..... ...... .... 10 

  11  Add lines 7 through 10 .... ...... ...... ...... ..... ...... ..... ...... ...... ...... ..... ..... ....... . 11  

 12  Subtract line 11 from line 6... ...... ..... ....... ..... ...... ..... ..... ...... ...... ...... ..... ...... 12  

  13 Multiply line 12 by 9.85% (.0985), enter the result on Schedule PTE, line 28 .. ..... ...... ...... ..... ..... . 13 

Include resident partners’ income and credit distribution information on Schedule PTE, Part 2. 

                                                                          9995

2023 Schedule PTE-RP Instructions

Who should file Schedule PTE-RP?
Complete and file Schedule PTE-RP if you are a partnership filing Schedule PTE, and have one or more partners who is a Minnesota resident 
and qualifying owner during 2023.   
How is Schedule PTE-RP different from Schedule PTE?
The May 2023 tax bill modified the PTE calculation for partnerships by allocating 100% of resident partner’s distributive share from the 
partnership to Minnesota for purposes of the PTE tax. The result from Schedule PTE-RP is reported on Schedule PTE.  

Line Instructions
Line 1 – 80% of Federal Bonus Depreciation
Determine the total distributive share of federal bonus depreciation for all resident partners. This amount must equal the total amount reported 
to resident partners on Schedule KPI, line 4. Multiply that amount by 80% and enter the result on line 1. 
Line 2 – Addition due to Foreign-Derived Intangible Income (FDII) Deduction 
Enter the total distributive share of FDII for all resident partners. This line must equal the total amount reported to resident partners on 
Schedule KPI, line 5. 
Line 4 – State Income Taxes Deducted
Enter the total distributive share of state income taxes deducted by the entity for all resident partners. This line must equal the total amount 
reported to resident partners on Schedule KPI, line 2. 
Line 5 – Total Amounts from Federal Schedule K-1 (1065)
Enter the total distributive share of federal amounts reported on Schedule K-1 (1065) for resident partners. 
Line 7 – Deferred Foreign Income (Section 965) (DFI)
Enter the total distributive share of DFI and delayed business interest for resident partners. This line must equal the total amount reported to 
resident partners on Schedule KPI lines 15 and 17. 
Line 8 – State Income Tax Refund Included in Income
Enter the total distributive share of state income taxes included in the entity’s income for all resident partners. This line must equal the total 
amount reported to partners on Schedule KPI, line 18.
Line 9 – Delayed Bonus Depreciation
Determine the amount of bonus depreciation included on your 2021 and 2022 Schedule PTE, line 1, attributable to partners who were 
Minnesota residents in 2023. Include 20% of that amount on line 10.  
Also include 20% of bonus depreciation reported to a partner who is both of the following:
• A Minnesota resident in 2023
• Included in the entity’s composite filing, or had Schedule PTE fulfill their filing requirement, in 2018-2022
Line 10 – Delayed Section 179
Determine the 2018 and 2019 Section 179 expensing attributable to partners who are Minnesota residents in 2023, and who were included in 
the entity’s composite filing in that year.
Line 13 – PTE Tax
This is the PTE tax attributable to resident partners. Enter this amount on Schedule PTE, line 28.