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    4                                                                         FINAL DRAFT - 10/2/23                                                                                                                                     4
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    6                                                                                                                                                                                          *231491*                                 6
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       2023 Schedule M1MB, Business Income 
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    9  Additions and Subtractions                                                                                                                                                                                                       9
    10 See instructions for more information and worksheets to complete Schedule M1MB.                                                                                                                                                  10
    11                                                                                                                                                                                                                                  11

    12 YOURYour First Name and Initial FIRST NAME,INITXX     LASTYour Last Name NAMEXXXXXXXXXXXXXXXXXXXXXXX                                                                                 999999999Your Social Security Number        12
    13                                                                                                                                                                                                                                  13
    14   Additions to Income                                                                                                                                                                                                            14
    15    1  Federal bonus depreciation addition (determine from worksheet in the instructions)    . . .  . . . . . . .  . . . . .  . . .                                                    1                                          15
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    16    2  State income taxes passed through to you as a partner, shareholder,                                                                                                                                                        16
    17        or a beneficiary of a pass-through entity   .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  2 .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .      .     17
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    19    3  Foreign-derived intangible income deduction (see instructions)   . . . . .  . . . . .  . . . . . .  . . . . .  . . . . . . .  . . . . .  . . .                                  3                                          19
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    21     4  Suspended loss from bonus depreciation    . . .  . . . . . .  . . . . .  . . . . .  . . . . . . .  . . . . .  . . . . . .  . . . . .  . . . . . .  . . .4 . .  .                                                          21
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    23    5  Net operating loss carryover adjustment from WHBA of 2009  . . .  . . . . . .  . . . . .  . . . . . . .  . . . . .  . . . . . .  . . . . .  .                                   5                                          23
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    25    6  Accelerated recognition of nonresident installment sales (enclose Schedule M1AR)  . . .  . . . . . .  . . . . .  . . . . .6 .  .                                                                                           25
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    27     7  This line intentionally left blank  . . .  . . . . . .  . . . . .  . . . . . . .  . . . . .  . . . . . .  . . . . .  . . . . .  . . . . . .  . . . . . .  . . . . .7 .  . .  .                                            27
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    29     8  This line intentionally left blank    . .  . . . . . .  . . . . . .  . . . . . .  . . . . .  . . . . . .  . . . . .  . . . . . .  . . . . . .  . . . . .  . . . . .8 .  . . .                                             29
    30                                                                                                                                                                                                                                  30
    31    9  Add lines 1 through 8. Include the result on line 2 of Form M1                          . . .  . . . . . .  . . . . .  . . . . . . .  . . . . .  . . . . . .  . . . 9 .  .                                                 31
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    33   Subtractions from Income                                                                                                                                                                                                       33
    34    10  Federal bonus depreciation subtraction  . . . . . .  . . . . . .  . . . . .  . . . . . . .  . . . . .  . . . . .  . . . . . .  . . . . .  . . . . . .  . . .  .   10                                                      34
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    36    11  Section 179 expensing subtraction   .  . . . . . .  . . . . . .  . . . . .  . . . . . .  . . . . .  . . . . . .  . . . . . .  . . . . .  . . . . . .  . . . . .  .  .   11                                                36
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    38    12  Gain from the sale of farm property         . . .  . . . . . .  . . . . .  . . . . . . .  . . . . .  . . . . . .  . . . . .  . . . . .  . . . . . .  . . . . . .  . . .  .   12                                           38
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    40    13  Net operating loss carryover adjustment from WHBA of 2009    . . . . .  . . . . . .  . . . . . .  . . . . .  . . . . . .  . . . . .  . .  .   13                                                                          40
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    42    14  Subtraction for railroad maintenance expenses  . . .  . . . . . .  . . . . .  . . . . . . .  . . . . .  . . . . . .  . . . . .  . . . . .  . . . . . .  .  14                                                             42
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    44    15  Income from prior-year partnership or S corporation sale   . . .  . . . . .  . . . . . .  . . . . .  . . . . . . .  . . . . .  . . . . . .  . .  .   15                                                                   44
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    46    16  Disallowed section 280E expenses for licensed cannabis businesses                               . . .  . . . . . .  . . . . .  . . . . . . .  . . . . .  . . . . .  .   16                                                46
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    48    17  Deferred foreign income subtraction . . .  . . . . . .  . . . . .  . . . . . . .  . . . . .  . . . . . .  . . . . .  . . . . .  . . . . . .  . . . . . .  . . .  .   17                                                   48
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    50    18  Delayed business interest . . .  . . . . . .  . . . . .  . . . . . . .  . . . . .  . . . . . .  . . . . .  . . . . .  . . . . . .  . . . . . .  . . . . . .  . . . . .  .  .   18                                         50
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    52    19  Delayed net operating loss (see instructions)  .  . . . . .  . . . . . .  . . . . .  . . . . . .  . . . . . .  . . . . .  . . . . . .  . . . . .  . . . . .  .   19                                                       52
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    54    20  This line intentionally left blank  . . .  . . . . . .  . . . . .  . . . . . . .  . . . . .  . . . . . .  . . . . .  . . . . .  . . . . . .  . . . . . .  . . . . . .  .  .   20                                          54
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    56    21  Add lines 10 through 20. Include the result on line 7 of Form M1  .  . . . . . .  . . . . . .  . . . . .  . . . . . .  . . . . .  . . . .  .   21                                                                         56
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