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                                                       UPDATED FINAL DRAFT 11/14/23                                                                                                                                                                3
    4                                                       LINE 12 changed the first “to” to “of” in the phrase: Credit for                                                                                                                            4
    5                                                       Sales   Manufactured Home Parks to Cooperatives  to                                                                                                                                         5
    6                                                                                                                                                                                                                      *238011*                     6
    7                                                                                                                                                                                                                                                   7
    8                                                                                                                                                         Do not use staples on anyting you submit.                                                 8
       2023 M8, S Corporation Return
    9                                                                                                                                                                                                                                                   9
    10 Tax year beginning (MM/DD/YYYY)     MM  /        DD     /  YYYY   and ending (MM/DD/YYYY)                                                   MM  /      DD     /YYYY                                                                              10
    11                                                                                                                                                                                                                                                  11
    12  CORPORATION NAME HERE                                                                                                               123456789                                                  123456789                                        12
    13  Name of Corporation                                                                                                                 Federal ID Number                                          Minnesota Tax ID                                 13
    14  MAILING ADDRESS                                                                                                                     NAMEXXXXXXXXXXXXXXXXXXXXX                                                                                   14
    15  Mailing Address       Check if New Address                                                                                          Former name, if changed since 2022 return:                                                                  15
                            X
    16 CITYXXXXXXXXXXXXXXXXXXXXXXXXXX  MN    XXXXX        XXXX        XXXX                                                                                                                                                                              16
    17  City                                                             State   ZIP Code                                                              Number of Schedule KS                                                 Number of Shareholders     17
    18  Place an X in all that apply:                                                                                                                                                                                                                   18
    19                                                                                                                                                                                                                                                  19
    20       Initial         Composite             Financial             Qualified Subchapter                                                 Final Return        Installment Sale of Pass-                                                             20
       X     Return      X   Income Tax        X   Institution    X      S Subsidiary                                                       X                 X   through Assets or Interests
    21                                                                                                                                                                                                                                                  21
    22       Public          Pass-through          Tax Position Disclosure                                                                                                                                                                              22
       X     Law         X   Entity (PTE) Tax  X   (Enclose Form TPD)
    23       86-272                                                                                                                                                                                                                                     23
    24   1   S corporation taxes (place an X in all that apply):                                                                                                                                                                                        24
    25                                                                                                                                                                                                                                                  25
    26       X  Federal Schedule D taxes       X  Passive income                      Round amounts to nearest whole dollar                                                                                                                             26
    27                                                                                                                                                                                                                                                  27
    28       X  LIFO recapture  . . .  . . . . . .  . . . . .  . . . . . . .  . . . . .  . . . . .  . . . . . .  . . . . .  . . . . . . 1   123456789                                                                        (enclose computation)      28
    29                                                                                                                                                                                                                                                  29
    30   2   Minimum fee from M8A, line 9 (see M8A instructions, pg. 9)  . . .  . . . . . .  . . . . . 2                                    123456789                                                                        (enclose M8A)              30
    31                                                                                                                                                                                                                                                  31
    32   3   Pass-through Entity Tax  . . . . . .  . . . . . .  . . . . .  . . . . . .  . . . . .  . . . . . .  . . . . . .  . . . . . 3    123456789                                                                        (enclose Schedule PTE)     32
    33                                                                                                                                                                                                                                                  33
    34   4   Composite income tax for nonresident shareholders    . . . . . .  . . . . .  . . . . . .  . . . 4                              123456789                                                                        (enclose Schedules KS)     34
    35   5   Minnesota income tax withheld for nonresident shareholders.                                                                                                                                                                                35
    36      If you received Form AWC from a shareholder, check box:            X          5                                                 123456789                                                                        (enclose Forms AWC)        36
    37                                                                                                                                                                                                                                                  37
    38   6  Add lines 1 through 5      . . .  . . . . . .  . . . . .  . . . . . . .  . . . . .  . . . . .  . . . . . .  . . . . .  . . . . . .  . . . . . .  . . . . . .  . . . . .  . . . . . .  . . . . .  . 6             123456789                  38
    39   7   Employer Transit Pass Credit not passed through to shareholders                                                                                                                                                                            39
    40        (enclose Schedule ETP) ... ...... ....... ..... ..... ...... ..... ...... ...... ...... ..... ...... ..... .. 7                                                                                                123456789                  40
    41                                                                                                                                                                                                                                                  41
    42   8   Film Production Tax Credit . . .  . . . . . .  . . . . .  . . . . . . .  . . . . .  . . . . . .  . . . . .  . . . . .  . . . . . .  . . . . . .  . . . . . .  . . . . .  . . . . .  . 8                         123456789                  42
    43                                                                                                                                                                                                                                                  43
    44       Enter the credit certificate number: TAXC - 123456789                                                                                                                                                                                      44
    45   9   Tax Credit for Owners of Agricultural Assets not passed through to shareholders                                                                                                                                                            45
    46        . . .  . . . . . .  . . . . .  . . . . . . .  . . . . .  . . . . . .  . . . . .  . . . . . .  . . . . .  . . . . . .  . . . . . .  . . . . . .  . . . . .  . . . . . .  . . . . .  . . . . . . .  . . .  . 9   123456789                  46
    47       Enter the certificate number from the certificate you received from the                                                                                                                                                                    47
    48      Rural Finance Authority:                                                                                                                                                                                                                    48
    49                                                                                                                                                                                                                                                  49
    50       AO      1234    56789000000                                                                                                                                                                                                                50
    51                                                                                                                                                                                                                                                  51
    52  10   Housing Tax Credit  . . . .  . . . . .  . . . . . . .  . . . . .  . . . . .  . . . . . .  . . . . . .  . . . . .  . . . . . .  . . . . . .  . . . . . .  . . . . .  . . . . .  . . . .  . 10                    123456789                  52
    53                                                                                                                                                                                                                                                  53
    54       Enter the credit certificate number from Minnesota Housing: SHTC - 1234 - 5678900000                                                                                                                                                       54
    55                                                                                                                                                                                                                                                  55
    56  11  Short Line Railroad Infrastructure Modernization Credit  . . . . .  . . . . . .  . . . . .  . . . . . . .  . . . . .  . . . . .  . . . . . .  . . . . .  . 11                                                    123456789                  56
    57                                                                                                                                                                                                                                                  57
    58  12  Credit for Sales of Manufactured Home Parks to Cooperatives  . . .  . . . . . .  . . . . .  . . . . . . .  . . . . .  . . . . . .  . . . . .  . .  . 12                                                          123456789                  58
    59                                                                                                                                                                                                                                                  59
    60  13   Add lines 7 through 12, limited to the sum of lines 1 and 2    . .  . . . . .  . . . . . .  . . . . .  . . . . .  . . . . . .  . . . . . .  . . . . . .  . .  .                                             13  123456789                  60
    61                                                                                                                                                                                                                                                  61
    62                                                                                                                                                                                                                                                  62
    63                                                                                                                                                        Continued next page                                                                       63
                                                                               9995
  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

    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                                                       UPDATED FINAL DRAFT 11/14/23                                                                                                                                                                                                3
    4                                                       LINE 12 changed the first “to” to “of” in the phrase: Credit for                                                                                                                                                            4
    5   2023 M8, page 2                                     Sales   Manufactured Home Parks to Cooperatives  to                                                                                                                                                                         5
    6                                                                                                                                                                                                                                                 *238021*                          6
    7                                                                                                                                                                                                                                                                                   7
    8   CORPORATION NAME HERE                                                                                                   123456789                                                                                                          123456789                            8
    9   Name of Corporation                                                                                                     Federal ID Number                                                                                                  Minnesota Tax ID                     9
    10                                                                                                                                                          Round amounts to nearest whole dollar                                                                                   10
    11                                                                                                                                                                                                                                                                                  11
    12   14  Subtract line 13 from line 6 (if result is zero or less, leave blank)   . .  . . . . .  . . . . .  . . . . . .  . . . . . .  . . . . . .  . . . . .  . .  . 14                                                                            123456789                        12
    13                                                                                                                                                                                                                                                                                  13
    14   15  Minnesota Nongame Wildlife Fund donation (see instructions, pg. 6).                                                                                                                                                                                                        14
    15       This will reduce your refund or increase your tax  . . .  . . . . . .  . . . . .  . . . . . . .  . . . . .  . . . . . .  . . . . .  . . . .  .     15                                                                                     123456789                        15
    16                                                                                                                                                                                                                                                                                  16
    17   16  Add lines 14 and 15   . . .  . . . . . .  . . . . .  . . . . . . .  . . . . .  . . . . .  . . . . . .  . . . . .  . . . . . .  . . . . . .  . . . . . .  . . . . .  . . . . . .  . . .  . 16                                              123456789                        17
    18   17  Enterprise Zone Credit not passed through                                                                                                                                                                                                                                  18
    19       to shareholders (enclose Schedule EPC)  . . .  . . . . . .  . . . . .  . . . . . . .  . . . . .  . . . . . 17   123456789                                                                                                                                                  19
    20                                                                                                                                                                                                                                                                                  20
    21   18  Estimated tax and/or extension payments made for 2023   . .  . . . . . .  . . . . .  . . 18                     123456789                                                                                                                                                  21
    22                                                                                                                                                                                                                                                                                  22
    23   19  Add lines 17 and 18   . . .  . . . . . .  . . . . .  . . . . . . .  . . . . .  . . . . .  . . . . . .  . . . . .  . . . . . .  . . . . . .  . . . . . .  . . . . .  . . . . . .  . . .  . 19                                              123456789                        23
    24                                                                                                                                                                                                                                                                                  24
    25   20  Tax due. If line 16 is more than line 19, subtract line 19 from line 16   . . .  . . . . . .  . . . . .  . . . . . .  . . . . . .  . . . . .  . .  . 20                                                                                   123456789                        25
    26                                                                                                                                                                                                                                                                                  26
    27   21  Penalty (see instructions, pg. 6)   .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  . 21  123456789                        27
    28                                                                                                                                                                                                                                                                                  28
    29   22  Interest (see instructions, pg. 7)  . . .  . . . . . .  . . . . .  . . . . . . .  . . . . .  . . . . . .  . . . . .  . . . . . .  . . . . .  . . . . . .  . . . . . .  . . . .  . 22                                                      123456789                        29
    30                                                                                                                                                                                                                                                                                  30
    31   23  Additional charge for underpayment of estimated tax (attach Schedule EST)  .  . . . . . .  . . . . . .  . . . . .  . . . . .  . . . .  . 23                                                                                               123456789                        31
    32                                                                                                                                                                                                                                                                                  32
    33   24  AMOUNT DUE. If you entered an amount on line 20, add lines 20 through 23  . . .  . . . . . .  . . . . .  . . . . . . .  . . . . .  . 24                                                                                                   123456789                        33
    34                                                                                                                                                                                                                                                                                  34
    35       Payment method:        X   Electronic (see inst., pg. 2), or     X   Check (see inst., pg. 2)                                                                                                                                                                              35
    36                                                                                                                                                                                                                                                                                  36
    37   25  Overpayment. If line 19 is more than the sum of lines 16 and 21                                                                                                                                                                                                            37
    38       through 23, subtract lines 16 and 21 through 23 from line 19  .  .  . . . . . .  . . . . 25                     123456789                                                                                                                                                  38
    39                                                                                                                                                                                                                                                                                  39
    40   26  Amount of line 25 to be credited to your 2024 estimated tax  . . .  . . . . . .  . . . . 26                     123456789                                                                                                                                                  40
    41                                                                                                                                                                                                                                                                                  41
    42   27  REFUND. Subtract line 26 from line 25    . . .  . . . . . .  . . . . .  . . . . . . .  . . . . .  . . . . . 27  123456789                                                                                                                                                  42
    43                                                                                                                                                                                                                                                                                  43
    44   28    To have your refund direct deposited, enter the following. Otherwise, you will receive a check.                                                                                                                                                                          44
    45                                                                                                                                                                                                                                                                                  45
    46  X    Checking     X Savings       123456789                               1234567890123456789                                                                                                                                                                                   46
    47                                    Routing number                          Account number (use an account not associated with any foreign banks)                                                                                                                                 47
    48                                                                                                                                                                                                                                                                                  48
    49                                                                                                                          MM /DD/YYYY                                                                                                            6515555555                       49
    50  Signature of Officer                                                                                                    Date (MM/DD/YYYY)                                                                                                      Officer’s Direct Phone           50

    51  PRINTNAMEOFOFFICER                           EMAIL ADDRESS FORXXXXX                                                                                                                                                                                                             51
    52  Print Name of Officer                        Email Address for Correspondence, if Desired                               This Email Address belongs to:                                                                                                                          52
    53                                                                                                                              X  Employee        X                                                                                              Paid Preparer   X    Other:XXXXX53
    54                                                                                                                                                                                                                                                                                  54
    55                                               04152016                                                                   MM /                        DD/ YYYY                                                                                   6515555555                       55
    56  Paid Preparer’s Signature                    Preparer’s PTIN                                                            Date (MM/DD/YYYY)                                                                                                      Preparer’s Direct Phone          56
    57                                                                                                                                                                                                                                                                                  57
    58  Include a complete copy of federal Form 1120S, Schedules K and K-1,                                                                                                                                                                                                             58
    59  and other federal schedules                                                                                                        I authorize the Minnesota Department of Revenue to discuss                                                                                   59
    60  Mail to:  Minnesota S Corporation Income Tax                                                                            X          this tax return with the preparer.                                                                                                           60
    61           Mail Station 1770                                                                                                                                                                                                                                                      61
    62           600 N. Robert St.                                                                                                         I do not want my paid preparer to file my return electronically.                                                                             62
    63           St. Paul, MN 55146-1770                                                                                        X                                                                                                                                                       63
                                                                                  9995
  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

    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                                                                             UPDATED FINAL DRAFT 11/14/23                                                                               3
    4                                                                             LINE 12 changed the first “to” to “of” in the phrase: Credit for                                           4
    5                                                                             Sales   Manufactured Home Parks to Cooperatives  to                                                        5
    6                                                                                                                                                       *238111*                         6
    7                                                                                                                                                                                        7
    8                                                                                                                                                                                        8
       2023 M8A, Apportionment and Minimum Fee
    9                                                                                                                                                                                        9
    10 All S corporations must complete M8A to determine its Minnesota source income and minimum fee. See M8A instructions                                                                   10
    11 beginning on page 9. Enclose a copy of your balance sheet.                                                                                                                            11
    12                                                                                                                                                                                       12
    13                                                                                                    A                     B                                         C                  13
    14                                                                                                In Minn.                  Total                              Factors (A ÷ B)           14
    15                                                                                                                         (carry to 5 decimal places)                                   15
    16                                                                                                                                                                                       16
    17 Property                                                                                                                                                                              17
    18 1   a  Average value of inventory    . . . . . .  . . . . 1a               123456789                                                                                                  18
    19    b Average value of buildings, machinery                                                                                                                                            19
    20      and other tangible property owned   . .  . 1b                           123456789                                                                                                20
    21                                                                                                                                                                                       21
    22    c  Average value of land owned    . . . .  . . . . 1c                   123456789                                                                                                  22
    23                                                                                                                                                                                       23
    24    Total average value of tangible property                                                                                                                                           24
    25    owned at original cost (add lines 1a-1c) .... .. 1                      123456789                                                                                                  25
    26                                                                                                                                                                                       26
    27   2 Capitalized rents paid by S corporation                                                                                                                                           27
    28    (gross rents paid x 8)   . . . .  . . . . . .  . . . . . .  . . . 2     123456789                                                                                                  28
    29                                                                                                                                                                                       29
    30   3 Add lines 1 and 2   . . . . . .  . . . . . .  . . . . .  . . . . . 3   123456789                                                                                                  30
    31 Payroll                                                                                                                                                                               31
    32   4 Total payroll, including officers’                                                                                                                                                32
    33    compensation . . .  . . . . . .  . . . . .  . . . . . .  . . . . . . 4  123456789                                                                                                  33
    34                                                                                                                                                                                       34
    35 Sales                                                                                                                                                                                 35
    36   5 Sales (including rents received)  . . .  . . . . . .  . . 5            123456789                                     123456789                          123456789                 36
    37    (If line 5, column B is zero, see instructions, page 9.)                                                                                                                           37
    38                                                                                                                                                                                       38
    39 Minimum Fee Calculation                                                                                                                                                               39
    40   6 Total of lines 3, 4 and 5 in column A  . . .  . . . . 6                123456789                                                                                                  40
    41                                                                                                                                                                                       41
    42   7 Adjustments (see instructions, page 10)  . . .  . 7                    123456789                                (Identify pass-through entity and enclose schedule.)              42
    43                                                                                                                                                                                       43
    44   8 Combine lines 6 and 7   . . . .  . . . . . .  . . . . . .  . . 8       123456789                                                                                                  44
    45                                                                                                                                                                                       45
    46   9 Minimum fee (determine using the amount                                                                                                                                           46
    47    on line 8 and the table below)  . . .  . . . . . .  . . . 9             123456789                                 Enter this amount on line 2 of your Form M8.                     47
    48                                                                                                                                                                                       48
    49                                                                                                                                                                                       49
    50    Minimum Fee Table                                                                                                                                                                  50
    51                                                                                                                                                                                       51
    52    If line 8 of M8A is:                                                 your minimum fee is:                                                                                          52
    53    Less than $1,160,000     .  . . . . . .  . . . . .  . . . . . .  . . . . . .  . . . . . .  .  .        $0                                                                          53
    54    $1,160,000 to $2,309,999   . . .  . . . . . .  . . . . .  . . . . . .  . . . . . .  . .  .   $240                                                                                  54
    55    $2,310,000 to $11,569,999      . . .  . . . . . .  . . . . .  . . . . . . .  . . . . .  .  .   $690                                                                                55
    56    $11,570,000 to $23,139,999     . . .  . . . . . .  . . . . . .  . . . . . .  . . . .  .  $2,310                                                                                    56
    57    $23,140,000 to $46,279,999     . . .  . . . . . .  . . . . . .  . . . . . .  . . . .  .  $4,640                                                                                    57
    58    $46,280,000 or more     . . .  . . . . . .  . . . . .  . . . . . . .  . . . . .  . . . .  .  $11,570                                                                               58
    59                                                                                                                                                                                       59
    60                                                                                                                                                                                       60
    61                                                                                                                                                                                       61
    62                                                                                                                                                                                       62
    63                                                                                                                                                                                       63
                                                                                                             9995
  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