NEAR FINAL DRAFT 8/1/24

                                                                                                                                                                                                                    *248011*

2024 M8, S Corporation Return                                                                                                                           Do not use staples on anyting you submit.

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

 Name of Corporation                                                                                                                  Federal ID Number                                    Minnesota Tax ID

 Mailing Address       Check if New Address                                                                                           Former name, if changed since 2023 return:

 City                                                             State  ZIP Code                                                          Number of Schedule KS                                                       Number of Shareholders
 Place an X in all that apply:

      Initial         Composite             Financial             Qualified Subchapter                                                Final Return      Installment Sale of Pass- 
      Return          Income Tax            Institution           S Subsidiary                                                                          through Assets or Interests
      Public          Pass-through          Tax Position Disclosure 
      Law             Entity (PTE) Tax      (Enclose Form TPD)
      86-272
  1   S corporation taxes (place an X in all that apply):  

          Federal Schedule D taxes           Passive income                    Round amounts to nearest whole dollar

          LIFO recapture  . . .  . . . . . .  . . . . .  . . . . . . .  . . . . .  . . . . .  . . . . . .  . . . . .  . . . . . . 1                                                                                   (enclose computation)

 2    Minimum fee from M8A, line 9 (see M8A instructions, pg. 9)  . . .  . . . . . .  . . . . . 2                                                                                                                     (enclose M8A)

  3   Pass-through Entity Tax  . . . . . .  . . . . . .  . . . . .  . . . . . .  . . . . .  . . . . . .  . . . . . .  . . . . . 3                                                                                     (enclose Schedule PTE)

  4   Composite income tax for nonresident shareholders    . . . . . .  . . . . .  . . . . . .  . . . 4                                                                                                               (enclose Schedules KS)
  5   Minnesota income tax withheld for nonresident shareholders.  
     If you received Form AWC from a shareholder, check box:                   5                                                                                                                                      (enclose Forms AWC)

  6  Add lines 1 through 5     . . .  . . . . . .  . . . . .  . . . . . . .  . . . . .  . . . . .  . . . . . .  . . . . .  . . . . . .  . . . . . .  . . . . . .  . . . . .  . . . . . .  . . . . .  . 6  
  7   Employer Transit Pass Credit not passed through to shareholders 
       (enclose Schedule ETP) ... ...... ....... ..... ..... ...... ..... ...... ...... ...... ..... ...... ..... .. 7   

  8   Film Production Tax Credit . . .  . . . . . .  . . . . .  . . . . . . .  . . . . .  . . . . . .  . . . . .  . . . . .  . . . . . .  . . . . . .  . . . . . .  . . . . .  . . . . .  . 8    

      Enter the credit certificate number: TAXC - 
  9   Tax Credit for Owners of Agricultural Assets not passed through to shareholders  
       . . .  . . . . . .  . . . . .  . . . . . . .  . . . . .  . . . . . .  . . . . .  . . . . . .  . . . . .  . . . . . .  . . . . . .  . . . . . .  . . . . .  . . . . . .  . . . . .  . . . . . . .  . . .  . 9  
      Enter the certificate number from the certificate you received from the  
     Rural Finance Authority: 

      AO              

 10   State Housing Tax Credit  . . . . .  . . . . . .  . . . . .  . . . . . .  . . . . .  . . . . . .  . . . . . .  . . . . .  . . . . . .  . . . . . .  . . . . . .  . . . . .  . . .  . 10                        

      Enter the credit certificate number from Minnesota Housing: SHTC -        - 

 11  Short Line Railroad Infrastructure Modernization Credit  . . . . .  . . . . . .  . . . . .  . . . . . . .  . . . . .  . . . . .  . . . . . .  . . . . .  . 11   

 12  Credit for Sales of Manufactured Home Parks to Cooperatives  . . .  . . . . . .  . . . . .  . . . . . . .  . . . . .  . . . . . .  . . . . .  . .  . 12                                                         

 13   Add lines 7 through 12, limited to the sum of lines 1 and 2    . .  . . . . .  . . . . . .  . . . . .  . . . . .  . . . . . .  . . . . . .  . . . . . .  . .  .                                             13  

                                                                        9995                                                                            Continued next page

                                                 NEAR FINAL DRAFT 8/1/24
 2024 M8, page 2
                                                                                                                                                                                                                                               *248021*

 Name of Corporation                                                                                                 Federal ID Number                                                                                                      Minnesota Tax ID
                                                                                                                                                      Round amounts to nearest whole dollar

  14  Subtract line 13 from line 6 (if result is zero or less, leave blank)   . .  . . . . .  . . . . .  . . . . . .  . . . . . .  . . . . . .  . . . . .  . .  . 14                                                                            

  15  Minnesota Nongame Wildlife Fund donation (see instructions, pg. 6).
      This will reduce your refund or increase your tax  . . .  . . . . . .  . . . . .  . . . . . . .  . . . . .  . . . . . .  . . . . .  . . . .  .  15                                                                                        

  16  Add lines 14 and 15   . . .  . . . . . .  . . . . .  . . . . . . .  . . . . .  . . . . .  . . . . . .  . . . . .  . . . . . .  . . . . . .  . . . . . .  . . . . .  . . . . . .  . . .  . 16                                              
  17  Enterprise Zone Credit not passed through  
     to shareholders (enclose Schedule EPC)  . . .  . . . . . .  . . . . .  . . . . . . .  . . . . .  . . . . . 17   

  18  Estimated tax and/or extension payments made for 2024   . .  . . . . . .  . . . . .  . . 18                    

  19  Add lines 17 and 18   . . .  . . . . . .  . . . . .  . . . . . . .  . . . . .  . . . . .  . . . . . .  . . . . .  . . . . . .  . . . . . .  . . . . . .  . . . . .  . . . . . .  . . .  . 19    

  20  Tax due. If line 16 is more than line 19, subtract line 19 from line 16   . . .  . . . . . .  . . . . .  . . . . . .  . . . . . .  . . . . .  . .  . 20                                                                                   

  21  Penalty (see instructions, pg. 6)   .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  . 21  

  22  Interest (see instructions, pg. 7)  . . .  . . . . . .  . . . . .  . . . . . . .  . . . . .  . . . . . .  . . . . .  . . . . . .  . . . . .  . . . . . .  . . . . . .  . . . .  . 22                                                      

  23  Additional charge for underpayment of estimated tax (attach Schedule EST)  .  . . . . . .  . . . . . .  . . . . .  . . . . .  . . . .  . 23                                                                                               

  24  AMOUNT DUE. If you entered an amount on line 20, add lines 20 through 23  . . .  . . . . . .  . . . . .  . . . . . . .  . . . . .  . 24                                                                                                   
  
      Payment method:             Electronic (see inst., pg. 2), or          Check (see inst., pg. 2)

  25  Overpayment. If line 19 is more than the sum of lines 16 and 21  
     through 23, subtract lines 16 and 21 through 23 from line 19  .  .  . . . . . .  . . . . 25                     

  26  Amount of line 25 to be credited to your 2025 estimated tax  . . .  . . . . . .  . . . . 26                    

  27  REFUND. Subtract line 26 from line 25   . . .  . . . . . .  . . . . .  . . . . . . .  . . . . .  . . . . . 27  

  28    To have your refund direct deposited, enter the following. Otherwise, you will receive a check.

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

                                                                                                                          /                          /
 Signature of Officer                                                                                                Date (MM/DD/YYYY)                                                                                                          Officer’s Direct Phone

 Print Name of Officer                       Email Address for Correspondence, if Desired                            This Email Address belongs to:
                                                                                                                           Employee                                                                                                            Paid Preparer       Other:

                                                                                                                          /                          /
 Paid Preparer’s Signature                   Preparer’s PTIN                                                         Date (MM/DD/YYYY)                                                                                                          Preparer’s Direct Phone 
  
 Include a complete copy of federal Form 1120S, Schedules K and K-1,  
 and other federal schedules                                                                                              I authorize the Minnesota Department of Revenue to discuss 
 Mail to:  Minnesota S Corporation Income Tax                                                                             this tax return with the preparer.
      Mail Station 1770
      600 N. Robert St.                                                                                                   I do not want my paid preparer to file my return electronically.
      St. Paul, MN 55146-1770
                                                                             9995

                                                                           NEAR FINAL DRAFT 8/1/24

                                                                                                                                                                                              *248111*

2024 M8A, Apportionment and Minimum Fee
All S corporations must complete M8A to determine its Minnesota source income and minimum fee. See M8A instructions  
beginning on page 9. Enclose a copy of your balance sheet.
    
                                                                                                                                                       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 S corporation 
   (gross rents paid x 8)   . . . .  . . . . . .  . . . . . .  . . . 2     
 
  3 Add lines 1 and 2   . . . . . .  . . . . . .  . . . . .  . . . . . 3   
Payroll
  4 Total payroll, including officers’  
   compensation . . .  . . . . . .  . . . . .  . . . . . .  . . . . . . 4                                                                                      

Sales
  5 Sales (including rents received)  . . .  . . . . . .  . . 5                                                                                                                                
   (If line 5, column B is zero, see instructions, page 9.)

Minimum Fee Calculation
  6 Total of lines 3, 4 and 5 in column A  . . .  . . . . 6                
 
  7 Adjustments (see instructions, page 10)  . . .  . 7                                                                                                          (Identify pass-through entity and enclose schedule.)
 
 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 2 of your Form M8.

 Minimum Fee Table

 If line 8 of M8A is:                                                     your minimum fee is:
 less than $1,220,000   . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .    $0
 1,220,000 to $2,439,999   . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .           $250
 $2,440,000 to $12,199,999   . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .                 $730 
 $12,200,000 to $24,389,999   . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .                     $2,440
 $24,390,000 to $48,779,999   . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .                     $4,890
 $48,780,000 or more   . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .   $12,220

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