Form Kpi - Partner'S Share Of Income, Credits And Modifications - 2012
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42012 KPI
(for individual, estate
Partner’s Share of Income, Credits and Modifications 2012
and trust partners)
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 to income.
For corporate and partnership partners, use Schedule KPC instead.
Amended KPI:
Tax year beginning
, 2012 and ending
FEIN/SSN of partner ultimately
Partner’s federal ID or SSN number
Partnership’s federal ID number
Partnership’s Minnesota tax ID
taxed (see instructions):
Partner’s name
Partnership’s name
JOBZ ID number, if any
Address of legal residence
Address
City
State
Zip code
City
State
Zip code
Entity of partner (check one box):
Individual
Trust
Estate
Partner’s distributive share:
%
Calculate lines 1–20 the same for all resident and nonresident partners. Calculate lines 21–37 for nonresident
partners only. Round amounts to the nearest whole dollar.
Form M1 Filers:
Individual, Estate and Trust Partners
Include on:
1
1 Interest income from non-Minnesota state and municipal bonds . . . . . .
. M1M, line 4
2
2 State income tax deducted in arriving at ordinary or net rental income .
. M1M, line 8
3 Expenses deducted attributable to income not taxed by Minnesota
3
(other than interest or mutual fund dividends from U .S . bonds) . . . . . . .
. M1M, line 10
4 If the partnership elected section 179 expensing, enter the partner’s
4
flow-through section 179 expensing for Minnesota purposes . . . . . . . . .
. M1M, see line 7 inst
5
5 100% of partner’s distributive share of federal bonus depreciation . . . .
. M1M, see line 6 inst
6 Federal tax-exempt subsidies paid to employers for providing
6
prescription drug coverage for their retirees . . . . . . . . . . . . . . . . . . . . . . .
. M1M, line 11
7 Fines, fees and penalties deducted
7
federally as a trade or business expense . . . . . . . . . . . . . . . . . . . . . . . . .
. M1M, line 12
8
8 Addition due to federal changes not adopted by Minnesota . . . . . . . . . .
. M1M, line 16
9 Interest from U .S . government bond obligations, minus any expenses
9
deducted on the federal return that are attributable to this income . . . .
. M1M, line 18
10 Job Opportunity Building Zone (JOBZ) business
10
and investment income exemptions . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
. M1M, line 32
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11 Subtraction due to federal changes not adopted by Minnesota . . . . . . .
. M1M, line 37
12
12 Employer Transit Pass Credit . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
. M1C, line 4
13
13 Enterprise Zone Credit . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
. M1B, line 6
14
14 Credit for increasing research activities . . . . . . . . . . . . . . . . . . . . . . . . . .
. M1B, line 1
15 Credit for historic structure rehabilita-
15
tion and enter NPS project number: . . . .
. . .
. M1B, line 3
16
16 Jobs Credit for participating in a JOBZ zone . . . . . . . . . . . . . . . . . . . . . . .
. M1B, line 4
Continued next page
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