NEAR FINAL DRAFT 8/1/24

                                                                                                                                               *247211*

2024 KPI, Partner’s Share of Income, Credits  
and Modifications
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 
to income or credits, or all partners if the partnership is electing PTE tax. For corporate and partnership partners, use Schedule KPC instead.
Tax year beginning (MM/DD/YYYY)                /       /          and ending (MM/DD/YYYY)                /      /                                  Amended KPI:  

Partner’s Federal ID or Social Security Number                                      Partnership’s Federal ID Number                              Partnership’s Minnesota ID

Partner’s Name                                                                      Partnership’s Name 

Mailing Address                                                                     Mailing Address

City                        State              ZIP Code                             City                             State                         ZIP Code

Entity of Partner (check one box):                Individual     Trust                Estate                                                    %
                                                                                                Partner’s Distributive Share
Calculate lines 1-38 the same for all resident and nonresident partners. Calculate lines 39-55 for estate, trust, and nonresident individual partners only.  
Round amounts to the nearest whole dollar.
                                                                                                                                                     Form M1 filers, 
                                                                                                                                                     include on:
Individual, Estate and Trust Partners
  1 Interest income from non-Minnesota state and municipal bonds ..... ..... ...... ..... ... 1                                                      M1M, line 1

  2 State taxes deducted in arriving at partnership’s net income . ..... ...... ...... ..... ..... 2                                                 M1MB, line 2
  3 Expenses deducted attributable to income not taxed by Minnesota 
    (other than interest or mutual fund dividends from U.S. bonds) ... ...... ..... ...... .....     3                                               M1M, line 3
    
  4 100% of partner’s distributive share of federal bonus depreciation  . ..... ..... ...... ..... 4                                                 M1MB, see line 1 inst

 5 Foreign-derived intangible income (FDII) deduction .... ...... ...... ...... ..... ...... .. 5                                                    M1MB, line 3

 6 This line intentionally left blank ... ...... ..... ...... ..... ...... ..... ...... ...... .... 6    

 7a Partner’s Pro rata gross profit from installment sales of pass-through 
    businesses (see instructions)... ...... ..... ....... ..... ..... ...... ..... ...... ...... 7a                                                  M1AR, line 1

 7b Partner’s pro rata installment sale income from pass-through .. ...... ..... ....... ..... ..  7b                                                M1AR, line 3           
    businesses (see instructions)
 8 This line intentionally left blank . ..... ...... ..... ....... ..... ...... ..... ...... ...... . 8                                             

 9 This line intentionally left blank . ..... ...... ..... ....... ..... ...... ..... ..... ....... . 9                                             

 10 This line intentionally left blank . ..... ...... ..... ....... ..... ...... ..... ..... ....... 10                                             

 11 This line intentionally left blank . ..... ...... ..... ....... ..... ...... ..... ..... ....... 11  

 12 This line intentionally left blank . ..... ...... ...... ...... ..... ...... ...... ..... ...... 12  

 13 This line intentionally left blank . ..... ...... ...... ...... ..... ...... ...... ..... ...... 13  

 14 Interest from U.S. government bond obligations, minus any expenses 
    deducted on the federal return that are attributable to this income ... ..... ...... ...... . 14                                                 M1M, line 14

                                                                       9995                                                                    Continued next page

2024 KPI, page 2
                                                                                                         *247221*

Partner’s Name                                                                                          Partner’s Federal ID Number or SSN

Partnership’s Name                                                                                      Partnership’s Federal ID Number

 15 Deferred foreign income (section 965) ..... ...... ..... ...... ..... ...... ...... ...... 15                                         M1MB, line 17

 16 Disallowed section 280E expenses of a licensed cannabis or hemp business .... ..... ..... 16                                          M1MB, line 16

 17 Delayed business interest ... ...... ..... ....... ..... ...... ..... ..... ...... ...... .. 17                                       (see KPI Inst.) 

 18 State income tax refund included in income... ...... ..... ...... ...... ..... ...... ..... . 18                                      M1, line 6

 19 This line intentionally left blank . ..... ...... ..... ....... ..... ...... ..... ..... ....... 19  

 20  This line intentionally left blank ... ...... ..... ...... ..... ...... ..... ...... ...... ... 20  

 21 Partner’s pro rata share of a net gain relating to dispositions of Class 2a property... ...... . 21                                   NIIT, line 2

 22 Partner’s pro rata share of deductions and modifications relating to line 21. ...... ...... .. 22                                     NIIT, line 7

 23 State Housing Tax Credit  ...... ..... ...... ..... ...... ...... ..... ...... ..... ....... 23                                       M1C, line 15

   Enter the credit certificate number: SHTC -    - 

 24  Short Line Railroad Infrastructure Modernization Credit .... ...... ..... ...... ...... ...... 24                                    M1C, line 14

 25 Credit for Sales of Manufactured Home Parks to Cooperatives... ...... ..... ....... ..... 25                                          M1C, line 13

  26 Credit for increasing research activities... ...... ..... ....... ..... ..... ...... ..... ... 26                                    M1C, line 16

 27  Film Production Tax Credit .. ...... ..... ...... ...... ...... ..... ...... ..... ....... . 27                                      M1C, line 11

     Enter the credit certificate number: TAXC - 

 28  Tax Credit for Owners of Agricultural Assets ... ...... ..... ....... ..... ...... ..... .... 28                                     M1C, line 12 
     Enter the certificate number from the certificate received from the  
    Rural Finance Authority: 

     AO              

 29 Credit for Sustainable Aviation Fuel ... ...... ..... ....... ..... ...... ..... ..... ...... 29                                      M1REF, line 12

   Enter certificate number from the Department of Agriculture: 

 30 Credit for historic structure rehabilitation. .... ...... ..... ..... ...... ....... ..... .... 30                                    M1REF, line 7 

     Enter National Park Service (NPS) number:                             

 31 Employer Transit Pass Credit... ...... ..... ....... ..... ...... ..... ..... ...... ...... 31                                        M1C, line 5

 32 Enterprise Zone Credit... ...... ..... ....... ..... ...... ..... ...... ..... ...... ..... 32                                        M1REF, line 8

 33 Pass-through Entity Credit. If the pass-through entity tax  
   satisfies the partner’s filing requirement, check this box       ... ...... ..... ....... .... 33                                      (see inst.)
                                                                    9995                                 Continued next page

2024 KPI, page 3
                                                                                                        *247231*

Partner’s Name                                                                                        Partner’s Federal ID Number or SSN

Partnership’s Name                                                                                    Partnership’s Federal ID Number

 34 Minnesota backup withholding .... ..... ..... ...... ...... ...... ...... ..... ..... ... 34                                        M1W, line 7, col C

Relating to Alternative Minimum Tax
 35 Intangible drilling costs ... ...... ..... ...... ...... ..... ...... ..... ...... ...... .... 35                                   Use lines 35-38 to 
                                                                                                                                        compute M1MT,  
                                                                                                                                        lines 6 and 7. See 
 36 Gross income from oil, gas and geothermal properties  .... ...... ..... ...... ..... ..... 36                                       M1MT instructions  
                                                                                                                                        for details.
 37 Deductions allocable to oil, gas and geothermal properties ... ...... ..... ....... ..... .. 37    

 38 Depletion  ... ...... ..... ....... ..... ..... ...... ..... ...... ...... ...... ..... .... 38    

Minnesota Portion of Amounts From Federal Schedule K-1 (1065)
 39 Minnesota source gross income  .... ..... ...... ...... ...... ..... ...... ..... ....... 39                                        info only (see inst.)

 40 Ordinary Minnesota source income (loss)  
    from trade or business activities ... ...... ..... ....... ..... ...... ..... ...... ..... .. 40                                    M1NR, line 6, col B

 41 Income (loss) from Minnesota rental real estate ... ...... ..... ....... ..... ..... ...... 41                                      M1NR, line 6, col B
 
 42 Other net income (loss) from Minnesota rental activities ... ...... ..... ....... ..... .... 42                                     M1NR, line 6, col B
 
 43 Guaranteed payments  ..... ..... ....... ..... ..... ...... ...... ..... ....... ..... .. 43                                        M1NR, line 6, col B
 
 44 Interest income ... ...... ..... ....... ..... ...... ..... ..... ...... ...... ...... .... 44                                      M1NR, line 2, col B
 
 45 Ordinary dividends  ... ...... ..... ....... ..... ...... ..... ...... ..... ...... ...... . 45                                     M1NR, line 2, col B
 
 46 Royalties  ... ..... ...... ....... ..... ..... ...... ..... ....... ..... ...... ..... .... 46                                     M1NR, line 6, col B
 
 47 Net Minnesota short-term capital gain (loss) ... ...... ..... ...... ...... ..... ...... ... 47                                     M1NR, line 4, col B
 
 48 Net Minnesota long-term capital gain (loss)  ..... ...... ...... ...... ..... ...... ..... . 48                                     M1NR, line 4, col B
 
 49 Section 1231 Minnesota net gain (loss)  . ..... ...... ...... ..... ..... ...... ...... .... 49                                     M1NR, line 4 or 8, col B

 50 Other Minnesota income (loss). (Describe type of income  
    or include separate sheet:                              ) ... ...... ...... ...... ..... ... 50                                     M1NR, line 8, col B
 
 51 Section 179 expense deduction apportionable to Minnesota  . ..... ....... ..... ...... .. 51                                        M1NR inst, line 6, col B
                                                                                                                                        See Schedule KPI Inst. 
 52 Partnership’s Minnesota apportionment factor  
    (line 5, column C of M3A) .... ...... ...... ..... ...... ...... ..... ...... ...... ..... . 52                                     information only

Nonresident Individual Partners Only: 
Composite Income Tax or Nonresident Withholding

 53 Minnesota source distributive income (see instructions)  ... ..... ....... ..... ...... .... 53    

                                                               9995                                     Continued next page

2024 KPI, page 4
                                                                                                   *247261*

Partner’s Name                                                                                    Partner’s Federal ID Number or SSN

Partnership’s Name                                                                                Partnership’s Federal ID Number

 54 Minnesota composite income tax paid by partnership.  
  If the partner elected composite income tax, check this box:     ..... ...... ..... ...... 54                                     composite income tax

 55 Minnesota income tax withheld for nonresident individual  
  partner not electing to file composite income tax. If the 
  partner completed and signed a Form AWC, check this box:          ... ...... ..... ...... .. 55                                   M1W, line 7, col C

  Partnership: Include this schedule and copies of federal Schedules K and K-1 with your Form M3.
  Partner: Include this schedule with your Form M1 (individuals) or Form M2 (estates and trusts).

                                                                  9995