How do federal changes impact 2017 Minnesota business tax returns?

The Tax Cuts and Jobs Act of 2017 was enacted on December 22, 2017. This federal legislation affects certain businesses filing their 2017 Minnesota tax return.

How do federal changes impact 2017 Minnesota business tax returns?
Because Minnesota has not yet adopted the federal changes, adjustments must be made to your Minnesota business tax return to determine your 2017 Minnesota tax. A list of provisions that may affect your 2017 Minnesota business tax return are included within the return instructions.

What 2017 Minnesota forms and schedules have been updated?

The following 2017 Minnesota forms and schedules have been updated:

• Form M2, Income Tax Return for Estates and Trusts
• Form Line 29 calculation
• Form Lines 31, and 3
  
• Form M3, Partnership Return (Instructions Only)
  
  
• Form M4, Corporate Franchise Tax Return
  • Form Line 2g calculation
  • Form Lines 2k and 4m
    
    
• Form M8, S Corporation Return (Instructions Only)
  
  
• Schedule KF, Beneficiary’s Share of Minnesota Taxable Income
  • Schedule Lines 8 and 16
  • Schedule Line 27, worksheet calculation
    
    
• Schedule KPC, Partner’s Share of Income, Credits and Modifications
  • Schedule Line 8 calculation
  • Schedule Lines 11 and 13
    
    
• Schedule KPI, Partner’s Share of Income, Credits and Modifications
  • Schedule Line 5 calculation
  • Schedule Lines 8 and 10
  • Schedule Line 34, worksheet
    
    
• Schedule KS, Shareholder’s Share of Income, Credits and Modifications
  • Schedule Line 5 calculation
  • Schedule Lines 8 and 10
  • Schedule Line 32, worksheet

Where can I find these forms?
You can find updated business forms and schedules on the Business Taxes page under the appropriate tax type.

What if I have questions?
Contact efile.devsupport@state.mn.us or 651-556-4818.