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Minnesota Federal Adjustments (Partnership)
Extracted from PDF file 2022-minnesota-form-kpinc.pdf, last modified November 2020Federal Adjustments (Partnership)
*227241* 2022 Schedule KPINC, Federal Adjustments Minnesota has generally adopted the Internal Revenue Code as amended through December 15, 2022. This schedule allows for any remaining necessary adjustments required to file a state tax return. Read the instructions before completing this schedule. Tax year beginning , 2022, ending Partner’s Name Partnership’s Name Partner’s Social Security Number or Federal ID Number Partnership’s Federal ID Number Partnership’s Minnesota ID Number Enter as a positive or negative. Round amounts to the nearest whole dollar. Adjustments to federal taxable income (FTI) Form M1 filers, include on: 1 This line intentionally left blank . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 1 2 This line intentionally left blank . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 2 3 This line intentionally left blank . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 3 4 This line intentionally left blank . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 4 5 Modification for business interest limitation (CARES Act Sec. 2306) . . . . . . . . . . . . . . . . . . . . . . . . 5 M1NC, Line 16 6 This line intentionally left blank . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 6 7 Employer credit for paid medical leave and Employer payroll credit for required paid family leave (FFCRA Sec. 7001, 7003) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 7 M1NC, Line 18 8 This line intentionally left blank . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 8 9 This line intentionally left blank . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 9 10 This line intentionally left blank . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 10 11 This line intentionally left blank . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 11 12 This line intentionally left blank . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 12 13 Temporary allowance of full deduction for business meals (COVIDTRA Sec. 210) . . . . . . . . . . . . . 13 M1NC, Line 25 14 This line intentionally left blank . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 14 15 This line intentionally left blank . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 15 16 This line intentionally left blank . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 16 17 Credit for COBRA Continuation Coverage (ARPA Sec. 9501) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 17 18 This line intentionally left blank . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 18 19 This line intentionally left blank . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 19 9995 M1NC, Line 27 2022 KPINC, page 2 *227251* Partner’s Name Partner’s Social Security Number or Federal ID Number Partnership’s Name Partnership’s Minnesota ID Number Partnership’s Federal ID Number 20 This line intentionally left blank . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 20 21 This line intentionally left blank . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 21 22 This line intentionally left blank . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 22 23 This line intentionally left blank . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 23 24 This line intentionally left blank . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 24 25 This line intentionally left blank . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 25 26 This line intentionally left blank . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 26 27 This line intentionally left blank . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 27 28 This line intentionally left blank . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 28 29 This line intentionally left blank . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 29 30 This line intentionally left blank . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 30 31 This line intentionally left blank . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 31 32 Total lines 1-31. If the result is positive, enter it on Schedule KPI, line 8. If the amount is negative, enter it as a positive number on Schedule KPI, line 18. . . . . . . . . . . . . 32 You must include this schedule when you file Schedule KPI. 9995 2022 Schedule KPINC Instructions Individual, estate, and trust partner’s use of information provided on Schedule KPINC Purpose of Schedule KPINC Schedule KPINC is a supplemental schedule provided by the partnership to its individual, estate, or trust partners. The partners need this information to complete one of the following: • Minnesota Schedule M1NC if you are an individual partner. • Minnesota Schedule M2NC if you are a trust or estate partner. These instructions are intended to help you report your share of the partnership’s nonconformity adjustments on your Minnesota return. You must include Schedule KPINC when you file your Minnesota return. If you do not include the schedule with your return as required, your return processing will be delayed. If you receive an amended Schedule KPINC from the partnership and your nonconformity adjustments have changed, you must file an amended Minnesota return. To amend your return, use one of the following: • Form M1X, Amended Minnesota Income Tax Return, if you are an individual partner. • Form M2X, Amended Income Tax Return for Estate and Trust, if you are a trust or estate partner. Line Instructions Line 1 This line is intentionally left blank. Line 2 This line is intentionally left blank. Line 3 This line is intentionally left blank. Line 4 This line is intentionally left blank. Line 5 – Modification of Business Interest Limitation (CARES Act Sec. 2306) Individuals: Include this amount on Schedule M1NC, line 16. Trusts and Estates: Include this amount on Schedule M2NC, line 5. Line 6 This line is intentionally left blank. Line 7 – Employer Credit for Paid Medical Leave and Employer Payroll Credit for Required Paid Family Leave (FFCRA Sec. 7001, 7003; ARPA Sec. 9641) Individuals: Include this amount on Schedule M1NC, line 18. Trusts and Estates: Include this amount on Schedule M2NC, line 7. Line 8 This line is intentionally left blank. Line 9 This line is intentionally left blank. Line 10 This line is intentionally left blank. Line 11 This line is intentionally left blank. Line 12 This line is intentionally left blank. Line 13 – Temporary Allowance of Full Deduction for Business Meals (TCDTR20 Sec. 210) Individuals: Include this amount on Schedule M1NC, line 25. Trusts and Estates: Include this amount on Schedule M2NC, line 13. Line 14 This line is intentionally left blank. Continued 1 2022 Schedule KPINC Instructions (continued) Line 15 This line is intentionally left blank. Line 16 This line is intentionally left blank. Line 17 – Credit for COBRA Continuation Coverage (ARPA Sec. 9501) Individuals: Include this amount on Schedule M1NC, line 27. Trusts and Estates: Include this amount on Schedule M2NC, line 17. Lines 18 Through 30 These lines are intentionally left blank. Line 31 This line is intentionally left blank. Line 32 – Total If the total on this line is a positive number, enter it on Schedule KPI, line 8. If the total on this line is a negative, enter it as a positive number on Schedule KPI, line 18. 2
2022 KPINC, Federal Adjustments
More about the Minnesota Form KPINC Corporate Income Tax
Minnesota has not adopted certain federal law changes enacted after December 31, 2018 that affect federal taxable income. This schedule allows for any necessary adjustments required to file a state tax return.
We last updated the Federal Adjustments (Partnership) in February 2023, and the latest form we have available is for tax year 2022. This means that we don't yet have the updated form for the current tax year. Please check this page regularly, as we will post the updated form as soon as it is released by the Minnesota Department of Revenue. You can print other Minnesota tax forms here.
Other Minnesota Corporate Income Tax Forms:
TaxFormFinder has an additional 95 Minnesota income tax forms that you may need, plus all federal income tax forms.
| Form Code | Form Name |
|---|---|
| Form M8 | S Corporation Return (M8 and M8A) |
| Form KF | Beneficiary's Share of Minnesota Taxable Income |
| Form KS | Shareholder's Share of Income, Credits and Modifications |
| Form DIV | Deduction for Dividends Received |
| Form REC | Reconciliation |
View all 96 Minnesota Income Tax Forms
Form Sources:
Minnesota usually releases forms for the current tax year between January and April. We last updated Minnesota Form KPINC from the Department of Revenue in February 2023.
About the Corporate Income Tax
The IRS and most states require corporations to file an income tax return, with the exact filing requirements depending on the type of company.
Sole proprietorships or disregarded entities like LLCs are filed on Schedule C (or the state equivalent) of the owner's personal income tax return, flow-through entities like S Corporations or Partnerships are generally required to file an informational return equivilent to the IRS Form 1120S or Form 1065, and full corporations must file the equivalent of federal Form 1120 (and, unlike flow-through corporations, are often subject to a corporate tax liability).
Additional forms are available for a wide variety of specific entities and transactions including fiduciaries, nonprofits, and companies involved in other specific types of business.
Historical Past-Year Versions of Minnesota Form KPINC
We have a total of two past-year versions of Form KPINC in the TaxFormFinder archives, including for the previous tax year. Download past year versions of this tax form as PDFs here:
2022 Form KPINC
2022 KPINC, Federal Adjustments
2021 Form KPINC
2021 KPINC, Federal Adjustments
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