NEAR DRAFT 8/1/24

                                                                                                                     *247301*

2024 Schedule PTE-RP, Pass-through Entity Tax 

for Resident Partners
Partnerships, and Limited Liability Companies (LLCs) taxed as a Partnership: Complete Schedule PTE-RP and file with Schedule PTE if 
you are electing to pay tax at the entity level. Include amounts attributable to partners who are Minnesota residents. 

Name of LLC or Partnership                                                                     FEIN                  Minnesota Tax ID Number

Entity is a   Partnership         LLC
Complete lines 1 through 13 with amounts attributable to partners who are Minnesota residents.  
  1  80% of federal bonus depreciation (see instructions)... ...... ..... ....... ..... ...... ..... ..... ...... ... 1   
 
  2  Foreign--derived intangible income (FDII) deduction ... ...... ..... ....... ..... ...... ..... ..... ...... ...  2   

  3  This line intentionally left blank . ..... ...... ...... ..... ..... ...... ...... ..... ...... ...... ..... ...... 3   
 
 4  State income taxes deducted by the entity to determine net income (see instructions)                   ... ...... ..... ....... .. 4     
 
  5  Amounts from federal Schedules K-1, special allocations, and guaranteed payments (see instructions) .... ..... 5   
 
  6  Add lines 1 through 5... ...... ..... ...... ...... ..... ...... ..... ...... ...... ..... ...... ...... ..... . 6                      

  7  Subtractions: Deferred foreign income (sec. 965) and delayed business interest                  ... ...... ..... ...... ...... .. 7   
 
  8  State income tax refund included in income (see instructions) ...... ...... ..... ...... ..... ...... ...... ... 8                      
 
  9  One-fifth of the bonus depreciation that was added back in a year the Partnership filed Schedule PTE... ...... .9   

 10  One-fifth of the section 179 expensing that was added back in 2019 for partners who were a nonresident and  
     elected to be included in the composite tax ..... ..... ...... ..... ...... ...... ...... ...... .... ...... .. 10   
 
  11  Add lines 7 through 10 ... ..... ..... ...... ...... ...... ..... ...... ..... ....... ..... ...... ...... ... 11  
 
 12  Subtract line 11 from line 6... ...... ..... ....... ..... ..... ...... ..... ...... ...... ...... ..... ...... 12  
 
  13 Multiply line 12 by 9.85% (.0985), enter the result on Schedule PTE, line 28 . ..... ....... ...... ..... ..... . 13   

Include resident partners’ income and credit distribution information on Schedule PTE, Part 2. 

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