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Expenses Relating to Income Not Taxed by Minnesota

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Question
Expenses Relating to Income Not Taxed by Minnesota

Answer

Expenses Relating to Income Not Taxed by Minnesota, Other Than From U.S. Bond Obligations

If you deducted expenses on your federal return connected with income not taxed by Minnesota (such as income reported on lines 24 through 29 of Schedule M1M), add those expenses to your taxable income.

Do not include expenses connected with interest or mutual fund dividends from U.S. bonds.

For information on how to report these expenses, see the instructions for line 18.


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Article Details
Views: 1562 Created on: Jun 15, 2013
Date updated: Dec 11, 2019
Posted in: States, Minnesota

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