Update: How do federal changes impact 2017 Minnesota tax returns?

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

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

We have made recent updates to Forms M2, M3, and M8, and Schedules KF, KPI, KS, and M1NC.

What has been changed?

Since the release of the updated individual and business tax returns in January 2018, additional changes have been made to the following sections:

• Form M2, Income Tax Return for Estates and Trusts (Instructions Only)
• Form M3, Partnership Return (Instructions Only)
• Form M8, S Corporation Return (Instructions Only)
• Schedule KF, Beneficiary’s Share of Minnesota Taxable Income
  • Schedule Lines 8 and 16 Codes
• Schedule KPI, Partner’s Share of Income, Credits and Modifications
  • Schedule Lines 8 and 10 Codes
• Schedule KS, Shareholder’s Share of Income, Credits and Modifications
  • Schedule Lines 8 and 10 Codes
• Schedule M1NC, Federal Adjustments
  • Line 3 Instructions
  • Line 12 Instructions
  • Line 10 Worksheet – Medical and Dental Expense Deduction was also updated to clarify the amount on step 8 should not exceed the amount on step 7

Where can I find these forms?
You can find updated individual forms at the current year individual income tax forms page and the 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.