Enlarge image | 1 1 2 4 6 8 10 12 14 16 18 20 22 24 26 28 30 32 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 3 3 4 NEAR FINAL DRAFT 8/8/24 4 5 5 6 *242911*6 7 2024 Form M2X, Amended Income Tax Return for Estates and Trusts 7 8 8 9 Tax year beginning (MM/DD/YYYY) MM/DD/YYYY (MM/DD/YYYY)ending , MM/DD/YYYY 9 10 10 11 NAME OF ESTATE OR TRUST 123456789 123456789 12 11 12 Name Estateof Trustor Check if name Federal ID Number Minnesota Tax ID Number Number of Schedules KF 12 has changed: X 13 BENEFICIARY NAMEXXXXXXXXXXXXXX 111223333 123456789 12 13 14 Name and Title of Fiduciary Decedent’s Social Security Number Date of Death Number of Beneficiaries 14 15 FIDUCIARY ADDRESSXXXXXXXXXXXXX CITYXXXXXXXXXXXX MN 12345 15 16 Current Address of Fiduciary Fiduciary City Fiduciary State Fiduciary ZIP Code 16 17 DECEDENT ADDRESSXXXXXXXXXXXXXX CITYXXXXXXXXXXXX MN 12345 17 18 Decedent’s Last Address or Grantor’s Address When Trust Became Irrevocable Decedent or Grantor City Decedent or Grantor State Decedent or Grantor ZIP 18 19 Check all that apply: 19 20 X Composite Income Tax X Installment Sale of Pass-through Assets or Interests X Tax Position Disclosure (enclose Form TPD) 20 21 Check reason you are amending: 21 22 X Amended Federal Return X IRS Adjustment X Changes Affect Schedules KF X Court Case 22 23 23 24 X Net Operating Loss Carried Back From Tax Year Ending (MM/DD/YYYY) MM/DD/YYYY X Other — OTHER NOTE 24 25 A—As previously reported B—Net change C—Corrected amount 25 26 26 27 1 Federal taxable income(from federal Form 1041) . . . . . . . . . . . . . . . . . . . . 1 12345678 12345678 12345678 27 28 28 29 2 Deductions and notlosses allowed (enclose Schedule M2NM) . . . . . . . . . . 2 12345678 12345678 12345678 29 30 30 31 3 Capital gain amount distributionlump-sum of . . . . . . . . . . . . . . . . . . . . . . .3. 12345678 12345678 12345678 31 32 32 33 4 Additions (from line 76, column E, on page 4 of this form) . . . . . . . . . . . . . 4 12345678 12345678 12345678 33 34 34 35 5 Add lines 1 through 4 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .5 . 12345678 12345678 12345678 35 36 36 37 6 Subtractions (from line 76, column E, on page 4 of this form) . . . . . . . . . . . 6 12345678 12345678 12345678 37 38 38 39 7 Fiduciary’s income from non-Minnesota sources ( enclose Schedule M2NM) 7 12345678 12345678 12345678 39 40 40 41 8 Add lines 6 and 7 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .8 . 12345678 12345678 12345678 41 42 42 43 9 Minnesota taxable net income(subtract line 8 from line 5) . . . . . . . . . . . . 9 12345678 12345678 12345678 43 44 44 45 10 Tax tablefrom in instructionsM2 Form . . . . . . . . . . . . . . . . . . . . . . . . . . 10 . 12345678 12345678 12345678 45 46 46 47 11 Tax portionS from (from Scheduleof ESBT M2SB) . . . . . . . . . . . . . . . . . . . 11 12345678 12345678 12345678 47 48 48 49 12 Minnesota Net Investment Income Tax (enclose Schedule NIIT) . . . . . . . . . 12 . 12345678 12345678 12345678 49 50 50 51 13 Total of tax from (enclose appropriate schedules): 51 52 X Schedule M1LS X Schedule M2MT . . . . . . . . . . . . . . . . . . . . . . . 13 12345678 12345678 12345678 52 53 53 54 14 Composite income tax for nonresidents (enclose Schedules KF) . . . . . . . . . . 14 12345678 12345678 12345678 54 55 55 56 15 Total income tax(add lines 10 through 14) . . . . . . . . . . . . . . . . . . . . . . . 15. 12345678 12345678 12345678 56 57 57 58 16 Credit for taxes paid to another state . . . . . . . . . . . . . . . . . . . . . . . . . . . . 16. 12345678 12345678 12345678 58 59 59 60 17 Film Production Tax Credit . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 17 12345678 12345678 12345678 60 61 Credit certificate number: TAXC - 12345678 61 62 62 63 9995 63 2 4 6 8 10 12 14 16 18 20 22 24 26 28 30 32 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 65 65 |
Enlarge image | 1 1 2 4 6 8 10 12 14 16 18 20 22 24 26 28 30 32 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 3 3 4 2024 M2X, page 2 4 5 5 6 *242921* 6 7 7 8 8 9 18 Tax Credit for Owners Agriculturalof Assets . . . . . . . . . . . . . . . . . . . . . . 18. 12345678 12345678 12345678 9 10 Certificate number from Rural Finance Authority: AO 12 - 345678 10 11 19 State Housing Tax Credit . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .19 . . 12345678 12345678 12345678 11 12 Enter certificate number Minnesotafrom SHTCHousing: 1234 -345678 12 13 20 Short Line Railroad Infrastructure Modernization Credit . . . . . . . . . . . . . 20 12345678 12345678 12345678 13 14 14 15 21 Credit Salesfor of Manufactured ParksHome to Cooperatives . . . . . . . . 21 12345678 12345678 12345678 15 16 16 17 22 Credit for increasing research activities (enclose Schedule KPI, KS, or KF) 22 12345678 12345678 12345678 17 18 18 19 23 Other nonrefundable credits instructions)(see . . . . . . . . . . . . . . . . . . . . 23. 12345678 12345678 12345678 19 20 20 21 24 Carryover credits from prior years (see instructions) . . . . . . . . . . . . . . . . 24. 12345678 12345678 12345678 21 22 22 23 D —Credit E — Certificate Number F — Unused Credit 23 24 24 25 d1 12345678910 e1 12345678910 f1 12345678910 25 26 26 27 d2 12345678910 e2 12345678910 f2 12345678910 27 28 28 29 d3 12345678910 e3 12345678910 f3 12345678910 29 30 30 31 25 Total nonrefundable credits . Add lines 16 through 24 . . . . . . . . . . . . . . . . 25 12345678 12345678 12345678 31 32 32 33 26 Subtract line 25 from line 15 (if result is zero or less, leave blank) . . . . . . 26 12345678 12345678 12345678 33 34 34 35 27 Pass-through Entity Tax Credit (enclose Schedule KPI, KS, or KF) . . . . . . . 27 12345678 12345678 12345678 35 36 36 37 28 Minnesota income tax withheld (enclose documentation) . . . . . . . . . . . 28 12345678 12345678 12345678 37 38 38 39 29 Total estimated tax payments and any extension payments . . . . . . . . . . 29 12345678 12345678 12345678 39 40 40 41 30 Historic Structure Rehabilitation Tax Credit (enclose certificate) . . . . . . . 30 12345678 12345678 12345678 41 42 Enter National Park Service (NPS) project number: XXXXXX 42 43 43 44 31 Credit for sustainable aviation fuel . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 31 12345678 12345678 12345678 44 45 Enter certificate number 45 46 from the Department of Agriculture 123456789 46 47 47 48 32 Other refundable credits (see instructions) . . . . . . . . . . . . . . . . . . . . . . . . 32 12345678 12345678 12345678 48 49 49 50 33 Amount due from original Form M2, line 34 (see instructions) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 33 12345678 50 51 51 52 34 Total refundable credits and tax paid (add lines 27c through 32c and line 33) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 34 12345678 52 53 53 54 35 Refund amount from original Form M2, line 39 (see instructions) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 35 12345678 54 55 55 56 36 Subtract line 35 from line 34 (if result is less than zero, enter the amount as a negative) . . . . . . . . . . . . . . . . . . . . . . . . 36 12345678 56 57 37 Tax you owe. If line 26c is more than line 36, subtract line 36 from line 26c. 57 58 (if line 36 is a negative amount, see instructions) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 37 12345678 58 59 59 60 38 If you failed to timely report federal changes or the IRS assessed a penalty (see instructions) . . . . . . . . . . . . . . . . . . . . 38 12345678 60 61 61 62 62 63 9995 63 2 4 6 8 10 12 14 16 18 20 22 24 26 28 30 32 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 65 65 |
Enlarge image | 1 1 2 4 6 8 10 12 14 16 18 20 22 24 26 28 30 32 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 3 3 4 2024 M2X, page 3 4 5 5 6 *242931* 6 7 7 8 8 9 39 Add lines 37 and 38 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .39. . . . . 12345678 9 10 10 11 40 Interest (see instructions) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 40 12345678 11 12 12 13 41 AMOUNT DUE (add lines 39 and 40) . Payment method: X Electronic X Check (attach voucher) . . . . . . . . . . . . . . 41 12345678 13 14 14 15 42 REFUND DUE (if line 36 is more than lines 26c, 38, and 40, subtract lines 26c, 38, and 40 from line 36) . . . . . . . . . . . . 42 12345678 15 16 43 To have your refund direct deposited, enter the following. Otherwise, you will receive a check. 16 17 17 18 X Checking X Savings 123456789123456789 1234567890123456789012345678901 18 19 Routing number Account number an(use account not associated with any banks)foreign / / 19 20 20 21 111223333 MM DD YYYY 1112233333 21 22 Signature of Fiduciary or Officer Representing Fiduciary Minnesota Tax ID or Social Security Number Date (MM/DD/YYYY) Direct Phone 22 23 PRINT NAME EMAIL ADDRESS X Fiduciary E-mail X Paid Preparer E-mail 23 Print Name of Contact E-mail Address for Correspondence, if Desired 24 24 Paid Preparer’s Signature Preparer’s PTIN Date (MM/DD/YYYY) Direct Phone1112223333 25 111223333 MM/DD/YYYY 25 26 26 27 27 28 X I authorize the Minnesota Department of Revenue to discuss this tax return with the preparer. 28 29 29 30 30 31 31 32 EXPLANATION OF CHANGE—Explain each change in detail in the space provided below. Use a separate sheet, if 32 needed. If the changes involve items requiring supporting information, be sure to attach the appropriate schedule, 33 33 statement or form to Form M2X to verify the correct amount. 34 34 35 EXPLANATION OF CHANGE XXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXX XXXX 35 36 XXXXXXXXXXXXXXXXXXXXXXXXX XXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXX XX 36 37 XXXXXXXXXXXXXXXXX XXXXXXXXXXXXXXXXXXXXXX XXXXXXXXXXXXXXXXXXX XXXXXXXXXXXX 37 38 38 39 39 40 40 41 41 42 42 43 43 44 44 45 45 46 46 47 47 48 48 49 49 50 50 51 Mail to: Minnesota Amended Fiduciary Tax, 51 52 Mail Station 1310, 600 N. Robert St., St. Paul, MN 55146-1310 52 53 53 54 54 55 55 56 56 57 57 58 58 59 59 60 60 61 61 62 62 63 9995 63 2 4 6 8 10 12 14 16 18 20 22 24 26 28 30 32 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 65 65 |
Enlarge image | 1 1 2 4 6 8 10 12 14 16 18 20 22 24 26 28 30 32 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 3 3 4 2024 M2X, page 4 4 5 5 6 *242941*6 7 7 8 A—As previously reported B—Net change C—Corrected amount 8 9 Additions to Income 9 10 44 State and municipal bond interest from outside Minnesota . . . . . . . . 44 12345678 12345678 12345678 10 11 11 12 45 State taxes deducted in arriving at net income . . . . . . . . . . . . . . . . . . . 45 12345678 12345678 12345678 12 13 46 Expenses deducted on your federal return that are attributable 13 14 to income not taxed by Minnesota (other than U .S . bond interest) . . . . . . 46 12345678 12345678 12345678 14 15 47 80 percent of suspended loss from 2001-2005 or 2008-2023 15 16 on federal return generated by bonus depreciation . . . . . . . . . . . . . . 47 12345678 12345678 12345678 16 17 17 18 48 80 percent of federal bonus depreciation . . . . . . . . . . . . . . . . . . . . . . . 48 12345678 12345678 12345678 18 19 19 20 49 Section 199A qualified business income . . . . . . . . . . . . . . . . . . . . . . . . 49 12345678 12345678 12345678 20 21 21 22 50 This line intentionally left blank . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 50 12345678 12345678 12345678 22 23 23 24 51 Net operating loss carryover adjustment . . . . . . . . . . . . . . . . . . . . . . . . 51 12345678 12345678 12345678 24 25 25 26 52 Foreign derived intangible income (FDII) deduction . . . . . . . . . . . . . . 52 12345678 12345678 12345678 26 27 27 28 53 Other additions (see instructions) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 53 12345678 12345678 12345678 28 29 29 30 54 This line intentionally left blank . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 54 30 31 31 32 55 This line intentionally left blank . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 55 32 33 33 34 56 This line intentionally left blank . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 56 34 35 35 36 57 This line intentionally left blank . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 57 36 37 58 Add lines 44 through 57 . Also enter the amount from 37 38 line 58C on line 77, column E, under Additions . . . . . . . . . . . . . . . . . . 58 12345678 12345678 12345678 38 39 39 40 Subtractions from Income 40 41 59 Interest on U.S. government bond obligations, minus expenses 41 42 deducted on federal return that are attributable to this income . . . . . . 59 12345678 12345678 12345678 42 43 43 44 60 State income tax refund included on federal return . . . . . . . . . . . . . 60. 12345678 12345678 12345678 44 45 45 46 61 Federal bonus depreciation subtraction . . . . . . . . . . . . . . . . . . . . . . . . 61 12345678 12345678 12345678 46 47 47 48 62 This line intentionally left blank . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 62 48 49 49 50 63 Subtraction for railroad maintenance expenses . . . . . . . . . . . . . . . . . . 63 12345678 12345678 12345678 50 51 51 52 64 Net operating loss carryover adjustment . . . . . . . . . . . . . . . . . . . . . . . . 64 12345678 12345678 12345678 52 53 53 54 65 Deferred foreign income (section 965) . . . . . . . . . . . . . . . . . . . . . . . . . 65. 12345678 12345678 12345678 54 55 66 Disallowed section 280E expenses of 55 56 a licensed cannabis or hemp business . . . . . . . . . . . . . . . . . . . . . . . . . 66. 12345678 12345678 12345678 56 57 57 58 67 Delayed business interest . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .67. . 12345678 12345678 12345678 58 59 59 60 68 Delayed net operating loss deduction . . . . . . . . . . . . . . . . . . . . . . . . . . 68 12345678 12345678 12345678 60 61 61 62 62 63 9995 63 2 4 6 8 10 12 14 16 18 20 22 24 26 28 30 32 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 65 65 |
Enlarge image | 1 1 2 4 6 8 10 12 14 16 18 20 22 24 26 28 30 32 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 3 3 4 2024 M2X, page 5 4 5 5 6 *242951*6 7 7 8 8 969Other subtractions (see instructions) . . . . . . . . . . . . . . . . . . . . . . . . .69. . 12345678 12345678 12345678 9 10 10 11 70 This line intentionally left blank . . . . . . . . . . . . . . . . . . . . . . . . . . . . .70. . 12345678 12345678 12345678 11 12 12 13 71 This line intentionally left blank . . . . . . . . . . . . . . . . . . . . . . . . . . . . .71. . 12345678 12345678 12345678 13 14 14 15 72 This line intentionally left blank . . . . . . . . . . . . . . . . . . . . . . . . . . . . .72. . 12345678 12345678 12345678 15 16 16 17 73 This line intentionally left blank . . . . . . . . . . . . . . . . . . . . . . . . . . . . .73. . 12345678 12345678 12345678 17 18 18 19 74 Add lines 59 through 73 . Also enter the amount from 19 20 line 74C line on under SubtractionsE, 77, column . . . . . . . . . . . . . . . 74 12345678 12345678 12345678 20 21 21 22 22 23 A B C D E 23 24 Beneficiary’s Social Share of federal Percent of total on Shares assignable to beneficiary and to fiduciary 24 25 Name of each beneficiary Security number distributable net income line 77, column C Additions Subtractions 25 26 26 2775 BENEFICIARYNAME 111223333 12345678 123% 12345678 12345678 27 28 28 29 BENEFICIARYNAME 111223333 12345678 123% 12345678 12345678 29 30 30 31 BENEFICIARYNAME 111223333 12345678 123% 12345678 12345678 31 32 32 33 BENEFICIARYNAME 111223333 12345678 123% 12345678 12345678 33 34 34 35 BENEFICIARYNAME 111223333 12345678 123% 12345678 12345678 35 36 36 3776 Fiduciary 12345678 123 % 12345678 12345678 37 38 38 3977 Total 12345678 100% 12345678 12345678 39 40 40 41 41 42 42 43 43 44 44 45 45 46 46 47 47 48 48 49 49 50 50 51 51 52 52 53 53 54 54 55 55 56 56 57 57 58 58 59 59 60 60 61 61 62 62 63 9995 63 2 4 6 8 10 12 14 16 18 20 22 24 26 28 30 32 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 65 65 |