1                                                                                                                                                                                   1

  2 4  6  8  10     12  14 16  18  20 22  24  26      28  30 FINAL DRAFT 10/2/2332  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                                                                                                                                                                                   4
    5                                                                                                                                                                                   5
    6                                                                                                                                                 *237211*                          6
    7                                                                                                                                                                                   7
    8  2023 KPI, Partner’s Share of Income, Credits                                                                                                                                     8
    9                                                                                                                                                                                   9
    10 and Modifications                                                                                                                                                                10
    11 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 11
       to income or credits, or all partners if the partnership is electing PTE tax. For corporate and partnership partners, use Schedule KPC instead.
    12                                                                                                                                                                                  12
    13 Tax year beginning (MM/DD/YYYY)     MM  /      DD     /YYYY   and ending (MM/DD/YYYY)          MM  /                         DD     /YYYY                Amended KPI:  X         13
    14                                                                                                                                                                                  14
    15 1234567890                                                                                            0123456789                                  0123456789                     15
    16 Partner’s Federal ID or Social Security Number                                                        Partnership’s Federal ID Number             Partnership’s Minnesota ID     16
    17 PARTNER’S NAMEXXXXXXXXXXXXXXXXXX                                                                      PARTNERSHIP NAME                                                           17
    18 Partner’s Name                                                                                        Partnership’s Name                                                         18
    19 MAILING ADDRESSXXXXXXXXXXXXXXXXX         MAILING ADDRESSXXXXXXXXXXXX                                                                                                             19
    20 Mailing Address                                                                                       Mailing Address                                                            20
    21 CITYXXXXXXXX   MN     XXXXX                                                                           CITYXXXXXXXXX    MN     12345                                              21
    22 City                           State           ZIP Code                                               City                             State             ZIP Code                22
    23                                                                                                                                                                                  23
    24 Entity of Partner (check one box):     X   Individual            X   Trust          X   Estate                XXXXXXXXXX                        %                                24
    25                                                                                                              Partner’s Distributive Share                                        25
    26 Calculate lines 1-35 the same for all resident and nonresident partners. Calculate lines 36-52 for estate, trust, and nonresident individual partners only.  26
    27 Round amounts to the nearest whole dollar.                                                                                                                                       27
    28                                                                                                                                                            Form M1 filers,       28
    29                                                                                                                                                            include on:           29
       Individual, Estate and Trust Partners
    30                                                                                                                                                                                  30
    31   1 Interest income from non-Minnesota state and municipal bonds ..... ..... ...... ...... .. 1                              0123456789                    M1M, line 1           31
    32                                                                                                                                                                                  32
    33   2 State taxes deducted in arriving at partnership’s net income . ..... ...... ...... ..... ..... 2                        0123456789                     M1MB, line 2          33
    34   3 Expenses deducted attributable to income not taxed by Minnesota                                                                                                              34
    35     (other than interest or mutual fund dividends from U.S. bonds) ... ...... ..... ....... ....                      3    0123456789                      M1M, line 3           35
    36                                                                                                                                                                                  36
    37   4 100% of partner’s distributive share of federal bonus depreciation  . ..... ..... ...... ..... 4                       0123456789                      M1MB, see line 1 inst 37
    38                                                                                                                                                                                  38
    39   5 Foreign-derived intangible income (FDII) deduction .... ...... ...... ...... ..... ...... .. 5                         0123456789                      M1MB, line 3          39
    40                                                                                                                                                                                  40
    41   6 This line intentionally left blank ... ...... ..... ...... ..... ...... ...... ..... ...... .... 6                     0123456789                                            41
    42                                                                                                                                                                                  42
    43  7a Partner’s Pro rata gross profit from installment sales of pass-through                                                                                                       43
    44     businesses (see instructions)... ...... ..... ....... ..... ...... ..... ..... ...... ...... 7a                        0123456789                      M1AR, line 1          44
    45                                                                                                                                                                                  45
    46  7b Partner’s pro rata installment sale income from pass-through ... ...... ..... ...... ...... .                     7b   0123456789                      M1AR, line 3          46
    47     businesses (see instructions)                                                                                                                                                47
    48   8 This line intentionally left blank .... ...... ..... ..... ...... ....... ..... ...... ..... .... 8                                                                          48
    49                                                                                                                                                                                  49
    50   9 This line intentionally left blank .... ...... ..... ..... ...... ....... ..... ...... ..... .... 9                                                                          50
    51                                                                                                                                                                                  51
    52  10 This line intentionally left blank .... ...... ..... ..... ...... ....... ..... ...... ..... ... 10                                                                          52
    53                                                                                                                                                                                  53
    54  11 This line intentionally left blank .... ...... ..... ..... ...... ....... ..... ...... ..... ... 11                                                                          54
    55                                                                                                                                                                                  55
    56  12 This line intentionally left blank .... ...... ..... ..... ...... ....... ..... ...... ..... ... 12                                                                          56
    57                                                                                                                                                                                  57
    58  13 This line intentionally left blank .... ...... ..... ..... ...... ....... ..... ...... ..... ... 13                                                                          58
    59                                                                                                                                                                                  59
    60  14 Interest from U.S. government bond obligations, minus any expenses                                                                                                           60
    61     deducted on the federal return that are attributable to this income .... ...... ....... .... 14                        0123456789                      M1M, line 14          61
    62                                                                                                                                                                                  62
    63                                                                          9995                                                                     Continued next page            63
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    1                                                                                                                                                                        1
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    3                                                                                                                                                                        3
    4                                                                                                                                                                        4
       2023 KPI, page 2
    5                                                                                                                                                                        5
    6                                                                                                                              *237221*                                  6
    7                                                                                                                                                                        7
    8  PARTNER’S NAMEXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXX                                                                   0123456789                                            8
    9  Partner’s Name                                                                                                  Partner’s Federal ID Number or SSN                    9
    10 PARTNERSHIP NAMEXXXXXXXXXXXXXXXXXXXXXXXXXXXXX                                                                   0123456789                                            10
    11 Partnership’s Name                                                                                              Partnership’s Federal ID Number                       11
    12                                                                                                                                                                       12
    13  15 Deferred foreign income (section 965) .... ...... ..... ....... ..... ..... ...... ..... .. 15               0123456789                        M1MB, line 17      13
    14                                                                                                                                                                       14
    15  16  Disallowed section 280E expenses of a licensed cannabis business ... ...... ..... ....... . 16              0123456789                        M1MB, line 16      15
    16                                                                                                                                                                       16
    17  17 Delayed business interest ... ...... ..... ....... ..... ...... ..... ..... ...... ...... .. 17              0123456789                        (see Schedule KPI Inst.)17  
    18                                                                                                                                                                       18
    19  18 State income tax refund included in income... ...... ..... ....... ..... ...... ..... ..... . 18             0123456789                        M1, line6          19
    20                                                                                                                                                                       20
    21  19  This line intentionally left blank .... ...... ..... ..... ...... ....... ..... ...... ..... ... 19                                                              21
    22                                                                                                                                                                       22
    23  20  This line intentionally left blank ... ...... ..... ...... ..... ...... ...... ..... ...... ... 20                                                               23
    24                                                                                                                                                                       24
    25  21 Housing Tax Credit  . ..... ...... ...... ...... ..... ..... ...... ...... ...... ..... ..... 21             0123456789                        M1C, line 15       25
    26                                                                                                                                                                       26
    27    Enter the credit certificate number: SHTC -   0123 - 4567890000                                                                                                    27
    28                                                                                                                                                                       28
    29  22  Short Line Railroad Infrastructure Modernization Credit ... ...... ...... ...... ..... ...... . 22          0123456789                        M1C, line 14       29
    30                                                                                                                                                                       30
    31  23 Credit for Sales of Manufactured Home Parks to Cooperatives... ...... ..... ....... ..... 23                 0123456789                        M1C, line 13       31
    32                                                                                                                                                                       32
    33   24 Credit for increasing research activities... ...... ..... ....... ..... ...... ..... ..... ... 24           0123456789                        M1C, line 16       33
    34                                                                                                                                                                       34
    35  25  Film Production Tax Credit .... ....... ..... ...... ..... ..... ...... ...... ...... ..... 25              0123456789                        M1C, line 11       35
    36                                                                                                                                                                       36
    37      Enter the credit certificate number: TAXC - 0123456789                                                                                                           37
    38                                                                                                                                                                       38
    39  26  Tax Credit for Owners of Agricultural Assets ... ...... ..... ....... ..... ...... ..... .... 26            0123456789                        M1C, line 12       39
    40      Enter the certificate number from the certificate received from the                                                                                              40
    41    Rural Finance Authority:                                                                                                                                           41
    42                                                                                                                                                                       42
    43      AO    0123    4567890000                                                                                                                                         43
    44                                                                                                                                                                       44
    45  27 Credit for historic structure rehabilitation. .... ..... ...... ..... ...... ...... ...... .... 27           0123456789                        M1REF, line 6      45
    46                                                                                                                                                                       46
    47      Enter National Park Service (NPS) number    0123456789                                                                                                           47
    48                                                                                                                                                                       48
    49  28 Employer Transit Pass Credit... ...... ..... ....... ..... ...... ..... ..... ...... ...... 28               0123456789                        M1C, line 5        49
    50                                                                                                                                                                       50
    51  29 Enterprise Zone Credit... ...... ..... ....... ..... ...... ..... ..... ...... ...... ..... 29               0123456789                        M1REF, line 7      51
    52                                                                                                                                                                       52
    53  30 Pass-through Entity Credit. If the pass-through entity tax                                                                                                        53
    54    satisfies the partner’s filing requirement, check this box      X ... ...... ..... ....... ....   30          0123456789                        (see instructions) 54
    55                                                                                                                                                                       55
    56  31  Minnesota backup withholding .... ..... ..... ...... ...... ...... ..... ...... ..... ... 31                0123456789                        M1W, line 7, col C 56
    57                                                                                                                                                                       57
    58 Relating to Alternative Minimum Tax                                                                                                                                   58
    59  32 Intangible drilling costs ... ...... ..... ....... ..... ...... ..... ..... ...... ...... .... 32            0123456789                        Use lines 32-35 to 59
    60                                                                                                                                                    compute M1MT,      60
                                                                                                                                                          lines 6 and 7. See 
    61  33 Gross income from oil, gas and geothermal properties  .. ....... ..... ...... ..... ...... 33                0123456789                        M1MT instructions  61
    62                                                                                                                                                    for details.       62
    63                                                                          9995                                                      Continued next page                63
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    4                                                                                                                                                                                        4
       2023 KPI, page 3
    5                                                                                                                                                                                        5
    6                                                                                                                                           *237231*                                     6
    7                                                                                                                                                                                        7
    8  PARTNER’S NAMEXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXX                                                                                0123456789                                               8
    9  Partner’s Name                                                                                                               Partner’s Federal ID Number or SSN                       9
    10 PARTNERSHIP NAMEXXXXXXXXXXXXXXXXXXXXXXXXXXXXX                                                                                0123456789                                               10
    11 Partnership’s Name                                                                                                           Partnership’s Federal ID Number                          11
    12                                                                                                                                                                                       12
    13  34 Deductions allocable to oil, gas and geothermal properties          ... ...... ..... ....... ..... .. 34                   0123456789                                             13
    14                                                                                                                                                                                       14
    15  35 Depletion  ... ...... ..... ....... ..... ...... ..... ..... ...... ...... ...... ..... .... 35                            0123456789                                             15
    16                                                                                                                                                                                       16
    17 Minnesota Portion of Amounts From Federal Schedule K-1 (1065)                                                                                                                         17
    18  36 Minnesota source gross income  ..... ...... ..... ....... ..... ...... ..... ..... ...... 36                               0123456789                       info only (see inst.) 18
    19                                                                                                                                                                                       19
    20  37 Ordinary Minnesota source income (loss)                                                                                                                                           20
    21    from trade or business activities ... ...... ..... ....... ..... ...... ..... ..... ...... .. 37                            0123456789                       M1NR, line 6, col B   21
    22                                                                                                                                                                                       22
    23  38 Income (loss) from Minnesota rental real estate ... ...... ..... ....... ..... ...... ..... 38                             0123456789                       M1NR, line 6, col B   23
    24                                                                                                                                                                                       24
    25  39 Other net income (loss) from Minnesota rental activities ... ...... ..... ....... ..... .... 39                            0123456789                       M1NR, line 6, col B   25
    26                                                                                                                                                                                       26
    27  40 Guaranteed payments  ...... ...... ..... ....... ..... ..... ...... ..... ...... ...... . 40                               0123456789                       M1NR, line 6, col B   27
    28                                                                                                                                                                                       28
    29  41 Interest income ... ...... ..... ....... ..... ...... ..... ..... ...... ...... ...... .... 41                             0123456789                       M1NR, line 2, col B   29
    30                                                                                                                                                                                       30
    31  42 Ordinary dividends  ... ...... ..... ....... ..... ...... ..... ..... ...... ...... ...... . 42                            0123456789                       M1NR, line 2, col B   31
    32                                                                                                                                                                                       32
    33  43 Royalties  ... ...... ...... ...... ..... ...... ...... ..... ...... ...... ..... ..... .... 43                            0123456789                       M1NR, line 6, col B   33
    34                                                                                                                                                                                       34
    35  44 Net Minnesota short-term capital gain (loss) ... ...... ..... ....... ..... ...... ..... ... 44                            0123456789                       M1NR, line 4, col B   35
    36                                                                                                                                                                                       36
    37  45 Net Minnesota long-term capital gain (loss)  ..... ...... ..... ....... ..... ...... ..... . 45                            0123456789                       M1NR, line 4, col B   37
    38                                                                                                                                                                                       38
    39  46 Section 1231 Minnesota net gain (loss)  . ..... ...... ...... ..... ..... ...... ...... ....                  46           0123456789                       M1NR,line 4 or 8, col39B
    40                                                                                                                                                                                       40
    41                                                                                                                                                                                       41
    42  47 Other Minnesota income (loss). (Describe type of income                                                                                                                           42
    43    or include separate sheet:  XXXXXXXXXXXXXXX) ... ...... ..... ....... ..... ... 47                                          0123456789                       M1NR, line 8, col B   43
    44                                                                                                                                                                                       44
    45  48 Section 179 expense deduction apportionable to Minnesota  ..... ...... ...... ..... ....                      48           0123456789                       M1NR inst, line 6, col45B
    46                                                                                                                                                                                       46
    47  49 Partnership’s Minnesota apportionment factor                                                                                                                                      47
    48    (line 5, column C of M3A) .... ...... ...... ..... ...... ...... ..... ...... ...... ..... . 49                             0123456789                       information only      48
    49                                                                                                                                                                                       49
    50 Nonresident Individual Partners Only:                                                                                                                                                 50
    51 Composite Income Tax or Nonresident Withholding                                                                                                                                       51
    52                                                                                                                                                                                       52
    53  50 Minnesota source distributive income (see instructions)  ... ..... ....... ..... ...... ....                  50           0123456789                       See Schedule KPI Inst. 53
    54                                                                                                                                                                                       54
    55  51 Minnesota composite income tax paid by partnership.                                                                                                                               55
    56    If the partner elected composite income tax, check this box:   X                   ..... ...... ..... ......   51           0123456789                       composite income tax56
    57                                                                                                                                                                                       57
    58  52 Minnesota income tax withheld for nonresident individual                                                                                                                          58
    59    partner not electing to file composite income tax. If the                                                                                                                          59
    60    partner completed and signed a Form AWC, check this box:    X                       ... ...... ..... ....... . 52           0123456789                       M1W, line 7, col C    60
    61    Partnership: Include this schedule and copies of federal Schedules K and K-1 with your Form M3.                                                                                    61
    62    Partner: Include this schedule with your Form M1 (individuals) or Form M2 (estates and trusts).                                                                                    62
    63                                                                                       9995                                                                                            63
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                                                                FINAL DRAFT 10/2/23

2023 Schedule KPI Instructions

Individual, estate and trust partner’s use of information provided on Schedule KPI

Purpose of Schedule KPI
Schedule KPI is a supplemental schedule provided by the partnership to its individual, estate or trust partners.
The partners will need this information to complete a Minnesota Form M1, Individual Income Tax Return, or Form M2, Income Tax Return 
for Estates and Trusts.
An individual partner who is a Minnesota resident will be taxed by Minnesota on all of his or her distributive income from the partnership 
even if the income is apportioned between Minnesota and other states. An estate, trust, and individual nonresident partner will be taxed on the 
Minnesota distributive income from the partnership. 
These instructions are intended to help you report your share of the partnership’s income, credits and modifications on your Minnesota return.
You must include Schedule KPI when you file your Form M1 and Form M2. If you do not include the schedule with your return as required, 
the department will disallow any credits and assess the tax or reduce your refund. 
If you received an amended Schedule KPI from the partnership and your income or deductions have changed, you must file an amended 
Minnesota return. To amend your return, use Form M1X, Amended Minnesota Income Tax Return, or Form M2X, Amended Income Tax 
Return for Estates and Trusts.

Line Instructions
Include amounts on the appropriate lines as shown on Schedule KPI. 
Line 1 – Non-Minnesota State and Municipal Bond Interest
Individuals: Include on line 1 of Schedule M1M.
Estates and Trusts: Include on line 41 of Form M2.
Line 2 – State Taxes Deducted
Individuals: Include on line 2 of Schedule M1MB.
Estates and Trusts: Include on line 42 of Form M2.
Line 3 – Expenses Deducted Attributed to Income Not Taxed by Minnesota
Individuals: Include on line 3 of Schedule M1M.
Estates and Trusts: Include on line 43 of Form M2.
Line 4 –Federal Bonus Depreciation
Individuals: See Schedule M1MB, worksheet for line 1 instructions, to determine how to report this amount.
Estates and Trusts: Include this amount on step 2 for the worksheet to determine Line 45 of the Form M2.
Line 5 – Foreign Derived Intangible Income (FDII) Deduction
Individuals: Include on line 3 of Schedule M1MB.
Estates and Trusts: Include on line 49 of Form M2.
Line 6 – This line intentionally left blank
Lines 7a, and 7b – Accelerated Installment Sale Gains
Nonresident Individuals: If any information is reported to you on line 7a of Schedule KPI, file Form M1AR, Accelerated Recognition of 
Installment Sale Gains, with your Minnesota individual income tax return. 
Resident Individuals: If any information is reported to you on line 7 of Schedule KPI, retain a copy of this schedule for your records for the 
entire period that you or an entity, you have an interest in, is receiving installment sale payments. If you become a nonresident in a future year 
while payments are being made, you are required to file Form M1AR, Accelerated Recognition of Installment Sale Gains, with your final 
resident tax return. 
Estates and Trusts: Pass through pro rata to your beneficiaries.
Lines 8 through 13
These lines are intentionally left blank.
Line 14 – Interest on U.S. Government Bond Obligations 
Individuals: Include on line 14 of Schedule M1M.
Estates and Trusts: Include on line 57 of Form M2.

                                                                                                                  Continued                    1

2023 Schedule KPI Instructions (Continued)

Line 15 – Deferred Foreign Income (Section 965)
Individuals: Include on line 17 of Schedule M1MB.
Estates and Trusts: Include on line 63 of Form M2.
Line 16 – Disallowed Section 280E Expenses of a Licensed Cannabis Business 
Individuals: Include on line 16 of Schedule M1MB.
Estates and Trusts: Include on line 64 of Form M2.
Line 17 – Delayed Business Interest
Individuals: This line does not apply.
Estates and Trusts: This line does not apply.
Line 18 – State income tax refund included in income
Individuals: Include on line 6 of Form M1. 
Estates and Trusts: Include on line 58 of Form M2.
Lines 19 through 20
These lines are intentionally left blank.
Line 21 – Housing Tax Credit
Individuals: Include on line 15 of Form M1C and enter the certificate number in the space provided. To claim this credit, you must include this 
schedule with Form M1.
Estates and Trusts: Include on line 19 of Form M2 and enter the certificate number in the space provided. To claim this credit, you must 
include this schedule with Form M2.  
Line 22 – Short Line Railroad Infrastructure Modernization Credit
Individuals: Include on line 14 of Form M1C. To claim this credit, you must include this schedule with Form M1.
Estates and Trusts: Include on line 20 of Form M2. To claim this credit, you must include this schedule with Form M2.
Line 23 – Credit for Sales of Manufactured Home Parks to Cooperatives
Individuals: Include on line 13 of Form M1C. To claim this credit, you must include this schedule with Form M1.
Estates and Trusts: Include on line 21 of Form M2. To claim this credit, you must include this schedule with Form M2.
Line 24 – Credit for Increasing Research Activities
Individuals: Include on line 16 of Form M1C. To claim this credit, you must include this schedule with Form M1.
Estates and Trusts: Include on line 22 of Form M2. To claim this credit, you must include this schedule with Form M2.
Line 25 – Film Production Tax Credit
Individuals: Include on line 11 of Form M1C and enter the certificate number in the space provided. To claim this credit, you must include this 
schedule with Form M1.
Estates and Trusts: Include on line 16 of Form M2 and enter the certificate number in the space provided. To claim this credit, you must 
include this schedule with Form M2.
Line 26 – Tax Credit for Owners of Agricultural Assets
Individuals: Include on line 12 of Form M1C and enter the certificate number in the space provided. To claim this credit, you must include this 
schedule with Form M1.
Estates and Trusts: Include on line 17 of Form M2 and enter the certificate number in the space provided. To claim this credit, you must 
include this schedule with Form M2.
Line 27 – Credit for Historic Structure Rehabilitation
Individuals: Include on line 6 of Schedule M1REF and enter the NPS project number in the space provided. To claim this credit, you must 
include this schedule with Form M1.
Estates and Trusts: Include on line 29 of Form M2 and enter the NPS project number in the space provided. To claim this credit, you must 
include this schedule with Form M2.
Line 28 – Employer Transit Pass Credit
Of the credit amount from Schedule ETP, any amount not claimed on line 6 of Form M3 may be passed through to partners based on their 
distributive share. 
Individuals: Include on line 5 of Form M1C. To claim this credit, you must include this schedule with Form M1. 
Estates and Trusts: Include on line 23 of Form M2. To claim this credit, you must include this schedule with Form M2. 
                                                                                                                      Continued          2

2023 Schedule KPI Instructions (Continued)

Line 29 – Enterprise Zone Credit
Individuals: Include on line 7 of Form M1REF. To claim this credit, you must include this schedule with Form M1. 
Estates and Trusts: Include on line 30 of Form M2. To claim this credit, you must include this schedule with Form M2. 
Line 30 – Pass-Through Entity Tax Credit
Individuals: Include on line 9 of Schedule M1REF. To claim this credit, you must include this schedule with Form M1.
Estates and Trusts: Include on line 26 of Form M2. To claim this credit, you must include this schedule with Form M2.
Nonresidents: If your only Minnesota source income is from entities making a PTE tax election, or entities in which you elected composite 
income tax, you do not need to file Form M1 or M2.
Line 31 – Minnesota Backup Withholding
Individuals: Include on line 7, column C of Schedule M1W. To claim this credit, you must include this schedule with Form M1.
Estates and Trusts: Pass through pro rata to your beneficiaries. You must include this schedule with Form M1. 
Lines 32 – 35 Items Relating to Alternative Minimum Tax
Individuals: Use the information on lines 32 through 35 to complete Schedule M1MT.
Estates and Trusts: Use the information on lines 32 through 35 to complete Schedule M2MT. 
Lines 36 – 49 Minnesota Portion of Federal Amounts
Lines 36-49 apply to estate, trust, and nonresident individual shareholders. 
If certain items are not entirely included in your federal income because of passive activity loss limitation, capital loss limitations, section 179 
limitations or for other reasons, include only the amounts that you included in your federal adjusted gross income.
Individuals: Use the information on lines 36 through 48 to complete Schedule M1NR.
Minnesota source gross income is used to determine if a nonresident is required to file a Minnesota individual income tax return. Gross 
income is income before business or rental deductions and does not include losses.
If your 2023 Minnesota source gross income is $13,825 or more and you did not elect composite tax filing or elected to have the PTE tax 
filing to fulfill your filing requirement, you are required to file Form M1 and Schedule M1NR, Nonresident/Part-Year Residents.
If your 2023 Minnesota source gross income is less than $13,825 and you had Minnesota tax withheld (see line 31 and line 52 of Schedule 
KPI), file Form M1 to receive a refund.
Estates and Trusts: Use the information on lines 36 through 47 to complete Schedule M2NM.
Line 50 – Minnesota Source Distributive Income
Although Minnesota source gross income (line 36 of Schedule KPI) determines whether you must file a Minnesota return, your Minnesota 
source distributive income is ultimately taxed.
Line 51 – Minnesota Composite Income Tax
Individuals: If you elected composite income tax, the amount paid on your behalf equals 9.85% of your Minnesota taxable income on line 50, 
minus your share of any credits on lines 21-23, 25-29 and 31. You are not required to file Form M1.
Estates and Trusts: This line does not apply.
Line 52 – Minnesota Nonresident withholding 
Individuals: Include the amount from line 52 on Schedule M1W, line 7, column C. Also include the amount from line 50 on Schedule M1W, 
line 7, column B. 
Estates and Trusts: This line does not apply.

Sale of a Partnership Interest
If you sell any portion of your interest in a partnership, some or all of the gain may be taxable. Or you can use any loss on the sale to offset 
other Minnesota income to the extent the losses are deducted on your federal return.
To determine the ratio of gain or loss that is assigned to Minnesota at the time of the sale, divide the original cost of the partnership’s tangible 
property in Minnesota by the original cost of all tangible property of the partnership. (Tangible property includes real estate, inventory and 
equipment.) If you don’t have these numbers, contact the partnership. 
If more than 50 percent of the value of the partnership’s assets are intangibles, the gain/loss is allocated to Minnesota using the partnership’s 
prior year sales factor. Include the result on Schedule M1NR, line 4, column B.

                                                                                                                                                 3