NEAR FINAL DRAFT 8/1/24

2024 M3BBA, Partnership Audit Report
Reviewed year beginning (MM/DD/YYYY)       /              /                  and ending (MM/DD/YYYY)                                         /              /                                                

Electing Partnership’s Name                                                                    Federal ID Number                                                                                          Minnesota Tax ID Number

Audited Partnership's Name (if different than Electing Partnership)                            Federal ID Number                                                                                          Minnesota Tax ID Number

Part 1 — Federal Adjustments
  1  Net reviewed year adjustments   . . .  . . . . . .  . . . . .  . . . . . . .  . . . . .  . . . . . .  . . . . .  . . . . . .  . . . . .  . . . . . .  . . . . . .  . . . . . .  .  . 1   

 2  Distributive share of adjustments to exempt non-UBIT partners (see instructions)   .  . . . . .  . . . . . . .  . . . . .  . . . . . . 2.  .    

 3   Distributive share of adjustments reported by direct partners on amended Minnesota and federal returns  . . .  . .  .  3  

  4 Add lines 2 and 3  . . . . .  . . . . . .  . . . . .  . . . . . .  . . . . .  . . . . . .  . . . . . .  . . . . .  . . . . . .  . . . . .  . . . . . .  . . . . . .  . . . . . .  . . . . .  .  .  4  

  5 Subtract line 4 from 1   .  . . . . .  . . . . . . .  . . . . .  . . . . .  . . . . . .  . . . . . .  . . . . .  . . . . . .  . . . . . .  . . . . . .  . . . . .  . . . . .  . . . . . .  .  .  5  
 
Part 2 — Allocation Between Partners 
(Carry to 5 decimal places)
 6  Distributive share of direct corporate partners and direct exempt UBIT partners  . . .  . . . . . .  . . . . .  . . . . . .  . . . . . . 6.  .   

 7  Distributive share of direct individual resident partners . . .  . . . . . .  . . . . . .  . . . . . .  . . . . .  . . . . . .  . . . . .  . . . . . .  . . . . .  .  7  

 8  Distributive share of direct estate, trust, and nonresident individual partners   .  . . . . .  . . . . . .  . . . . .  . . . . . .  . . . . . .  .  8  

  9 Distributive share of tiered partners   .  . . . . . .  . . . . . .  . . . . . .  . . . . .  . . . . . .  . . . . . .  . . . . .  . . . . . .  . . . . . .  . . . . .  . . . . .  .  9  

 10 Add lines 6 through 9. Result must equal 1.00000  . . .  . . . . . .  . . . . .  . . . . . .  . . . . . .  . . . . . .  . . . . .  . . . . .  . . . . . .10  .  .                                  .  . 

Part 3 — Minnesota Source Income
 11 Total Nonbusiness Income.  Enter the portion of line 5 that is nonbusiness income                      . . .  . . . . . .  . . . . .  . . . . . .  . . .11  .  . 

 12  Business Income. Subtract line 11 from line 5   . . . . . .  . . . . . .  . . . . .  . . . . . .  . . . . .  . . . . . .  . . . . .  . . . . . .  . . . . . .  . . .  . 12 

 13  Corrected Apportionment Percentage. From line 5c of your corrected Form M3A   .  . . . . .  . . . . . . .  . . . . .  . . . . .  .  .                                                        13 

 14  Minnesota Source Business Income. Multiply line 12 by line 13   .  . . . . .  . . . . .  . . . . . .  . . . . . .  . . . . .  . . . . . .  . . . . .  .                                      14 

 15 Minnesota Assigned Nonbusiness Income.  Enter the portion of line 11 that is assignable to Minnesota.   . . . . . 15 .                                                                                                        
     Do not include amounts assignable to the state of domicile (see instructions)

 16  Add lines 14 and 15  .  . . . . .  . . . . . . .  . . . . .  . . . . .  . . . . . .  . . . . . .  . . . . .  . . . . . .  . . . . . .  . . . . .  . . . . . .  . . . . . .  . . . . . .  .  .16 

 17  Nonbusiness Income Assignable to the State of Domicile. Subtract line 15 from line 11  . . . .  . . . . . . .  . . . . .  . . .  .                                                           17 

Part 4 — Direct Corporate and Direct Exempt UBIT Partners
 18 Multiply line 16 by line 6  . . . .  . . . . . . .  . . . . .  . . . . . .  . . . . .  . . . . . .  . . . . .  . . . . . .  . . . . . .  . . . . . .  . . . . . .  . . . .  . . . . . .  .    18 
 19 Multiply line 17 by the percentage of direct corporate and direct exempt UBIT partners that are domiciled in  
     Minnesota. Total percentage cannot exceed line 6 (see instructions)  . . .  . . . . . .  . . . . .  . . . . . . .  . . . . .  . . . . . .  . . . .  .                                        19 

 20 Minnesota corporate modifications to net adjustments, if any  . . .  . . . . . .  . . . . .  . . . . . . .  . . . . .  . . . . . .  . . . . .  . . . .  .                                     20 
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                                                                                9995

                                                       NEAR FINAL DRAFT 8/1/24
2024 M3BBA, page 2

Electing Partnership’s Name                                            Federal ID Number                                                                                                               Minnesota Tax ID Number

 21  Enter the sum of lines 18, 19 and 20. The amount entered on this line must be a positive number  .  .  .  .  .  .  .  .  .  .  .  .21 

Part 5 — Direct Individual Resident Partners
 22  Multiply line 5 by line 7  . . . .  . . . . . .  . . . . .  . . . . . .  . . . . . .  . . . . .  . . . . .  . . . . . .  . . . . . .  . . . . . .  . . . . .  . . . . . .  . . . . . .  .  . 22 

 23  Minnesota individual modifications to net adjustments, if any  . . .  . . . . . .  . . . . .  . . . . . . .  . . . . .  . . . . . .  . . . . .  . . . .  .                       23 

 24  Enter the sum of lines 22 and 23. The amount entered on this line must be a positive number  . .  . . . . . .  . . . . . .  .24 

Part 6 — Direct Estate, Trust, and Individual Nonresident Partners
 25  Multiply line 16 by line 8  . .  . . . . . .  . . . . .  . . . . . . .  . . . . .  . . . . . .  . . . . .  . . . . . .  . . . . .  . . . . . . .  . . . . .  . . . . . .  . . . . .  . .  . 25 
 26  Multiply line 17 by the percentage of direct estate and trust partners that are domiciled in Minnesota. 
   Total percentage cannot exceed line 8 (see instructions)  . . .  . . . . . .  . . . . .  . . . . . . .  . . . . .  . . . . .  . . . . . .  . . . . .  . . . .  . 26 

 27  Minnesota individual, estate, and trust modifications to net adjustments, if any  .  . . . . . . .  . . . . .  . . . . . .  . . . . .  . .  .                                    27 

 28  Enter the sum of lines 25, 26, and 27. The amount entered on this line must be a positive number   . . . .  . . . . . .  .28 

Part 7 — Tiered Partners
 29  Enter the sum of lines 16 and 17   . .  . . . . . .  . . . . . .  . . . . .  . . . . .  . . . . . . .  . . . . .  . . . . . .  . . . . .  . . . . . .  . . . . .  . . . . . .  .  . 29 

 30  Multiply line 29 by line 9  . .  . . . . . .  . . . . .  . . . . . . .  . . . . .  . . . . . .  . . . . .  . . . . . .  . . . . .  . . . . . . .  . . . . .  . . . . . .  . . . . .  . .  . 30 

 31  Enter the amount from Part 9 on page 3. This is the portion of line 17 attributable to nonresident  
   indirect partners . . .  . . . . . .  . . . . . .  . . . . . .  . . . . .  . . . . . .  . . . . .  . . . . . .  . . . . .  . . . . . .  . . . . . .  . . . . . .  . . . . .  . . . . . .  . .  . 31 

 32 Subtract line 31 from line 30  . . .  . . . . . .  . . . . .  . . . . . . .  . . . . .  . . . . .  . . . . . .  . . . . .  . . . . . .  . . . . . .  . . . . . .  . . . . .  . . . .  . 32 

 33  Minnesota modifications to net adjustments, if any . . .  . . . . . .  . . . . .  . . . . . . .  . . . . .  . . . . . .  . . . . .  . . . . . .  . . . . .  . .  . 33 

 34 Enter the sum of lines 32 and 33. The amount entered on this line must be a positive number  . . . . .  . . . . .  . . . .  .                                                     34 

Part 8 — Tax Calculation
 35 Multiply line 21 by 9.80% (0.098)  . . .  . . . . . .  . . . . .  . . . . . .  . . . . . .  . . . . .  . . . . . .  . . . . .  . . . . . .  . . . . . .  . . . . .  . . . . . .  .35 

 36 Enter the sum of lines 24, 28, and 34  . . .  . . . . . .  . . . . .  . . . . . . .  . . . . .  . . . . .  . . . . . .  . . . . .  . . . . . .  . . . . . .  . . . . . .  . .  . 36 

 37 Multiply line 36 by 9.85% (0.0985)  . . .  . . . . . .  . . . . .  . . . . . . .  . . . . .  . . . . . .  . . . . .  . . . . .  . . . . . .  . . . . . .  . . . . . .  . . . .  . 37 

 38  Total Tax. Enter the sum of lines 35 and 37. Enter the amount here and on line 5 of Form M3X . . .  . . . . . .  . . . . .  .38 

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                                                                   9995

                                                              NEAR FINAL DRAFT 8/1/24
2024 M3BBA, page 3

Electing Partnership’s Name                                                 Federal ID Number        Minnesota Tax ID Number

Part 9 — Schedule of Nonresident Indirect Partners

A.                                                      B.                  C.                    D.                    E.
Name                                            FEIN/Social Security    Owners Address,          Amount Assigned to     State of 
                                                       Number           City, State, ZIP         State of Residency     Residency

If there are more than 10 indirect nonresident partners identifiable, attach additional Parts 
9 as an attachment.
                                                                                                Total. Enter on line 31.

I declare that this return is correct and complete to the best of my knowledge and belief.

                                                           /        /
Signature of Current Partnership Representative        Date (MM/DD/YYYY)
                                                         
Print Name of Current Partnership Representative       Email Address
                                                                                              / /
Paid Preparer's Signature if Other Than Representative Preparer’s PTIN         Date (MM/DD/YYYY)  

                                                                        9995

                                 NEAR FINAL DRAFT 8/1/24
2024 M3BBA, page 4

State Partnership Representative Designation
Read the instructions before completing this designation.

Complete the State Partnership Representation Designation if your partnership wants to designate another person as 
its state partnership representative. If this designation is not completed, the state partnership representative will be the 
same as the partnership’s federal partnership representative.

Partnership’s Name                                                          Federal ID Number               Minnesota Tax ID Number

Name of Designee                                                            Taxpayer Identification Number 

Mailing Address or PO Box                                                   Phone Number
                                                                             
City                       State ZIP Code                                   Email Address

The individual named above is designated as the Minnesota partnership representative. This person has the sole  
authority to act on behalf of the partnership before the Minnesota Department of Revenue. The partnership’s direct 
partners and indirect partners shall be bound by those actions.

This election is not valid until it is signed and dated by someone with legal authority to sign agreements on behalf of the partnership. 

I certify that I have the legal authority to sign this designation form.

                           /     /
Signature                 Date (MM/DD/YYYY)                             Address, if Different from Taxpayer 
  
Print Name and Title                                                    Phone Number          City          State ZIP Code
  
                                                                        9995