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Mississippi Pass Through Entity Net Taxable Income Schedule
Extracted from PDF file 2023-mississippi-form-84-122.pdf, last modified November 2023Pass Through Entity Net Taxable Income Schedule
Reset Form Form 84-122-23-8-1-000 (Rev. 11/23) Mississippi 841222381000 Print Form Page 1 Net Taxable Income Schedule 2023 R&D Expense Election FEIN Bonus Depreciation Election FEDERAL TAXABLE INCOME (ROUND TO THE NEAREST DOLLAR) 1 Ordinary business income (loss) (from federal Form 1120S, page 1, line 21 or federal Form 1065, page 1, line 22. If multistate direct accounting, enter zero and skip to line 25) 1 2 Total federal Schedule K income (pass-through items not included in line 1 above from federal Form 1120S, page 3, Schedule K, line 2 through line 10 or from federal Form 1065, page 4, Schedule K, line 2 through line 11) 2 3 Total federal Schedule K deductions (pass-through items not included in line 1 above from federal Form 1120S, page 3, Schedule K, line 11 through line 12d or from federal Form 1065, page 4, Schedule K, line 12 through line 13d) 3 4 Total federal business income (loss) (line 1 plus line 2 minus line 3) 4 .00 .00 .00 .00 STATE ADDITIONS TO FEDERAL TAXABLE INCOME 5 State, local or foreign government taxes based on income 5 .00 6 Interest on obligations of other states or political subdivisions (net of expenses) 6 .00 7 Depletion expense in excess of cost 7 8 Federal special depreciation allowance 8 .00 9 Other additions required by law (attach schedule) 9 .00 10 .00 10 Total additions (add line 5 through line 9) .00 STATE DEDUCTIONS FROM FEDERAL TAXABLE INCOME 11 Interest on obligations of the United States (net of expenses) 11 12 Wages reduced on federal return for federal employment tax credits 12 13 Income (loss) from partnership, S corporation or trust 13 14 Income (loss) from construction contracting or production of natural mineral resource products (net of expenses) 14 .00 15 Additional depreciation due to a difference in the depreciable base for federal and state purposes (attach schedule) 15 .00 16 Other deductions (attach schedule) 16 .00 17 Total deductions (add line 11 through line 16) 17 .00 18 Adjusted federal income (loss) (line 4 plus line 10 minus line 17) 18 .00 19 Adjustment for nonbusiness income (loss) net of expenses (from Form 84-150, column E, line 2) 19 .00 20 Apportionable business income (loss) (line 18 minus line 19) 20 .00 .00 .00 .00 APPORTIONMENT / ALLOCATION If 100% Mississippi, complete line 18 then skip to page 2, line 22 Form 84-122-23-8-2-000 (Rev. 11/23) Mississippi Page 2 Net Taxable Income Schedule 2023 841222382000 FEIN APPORTIONMENT / ALLOCATION 21 Apportionment ratio (enter ratio and check box as shown on Form 84-125, Part II) Sales (retail) Manufacturers (retail) Manufacturers (wholesale), Financial institutions, Pipelines, (for pharmaceutical suppliers, see instructions) 21 . % Special Formula 22 Mississippi apportioned income (loss) (if 100% Mississippi, enter line 18, otherwise, multiply line 20 by line 21) 22 23 Nonbusiness income (loss) allocated to Mississippi (from Form 84-150, column F, line 2) 23 24 Mississippi income (loss) from partnership, S corporation or trust (attach Mississippi K-1s, Form 84-132) 24 .00 .00 .00 25 Mississippi income (loss) from construction contracting or production of natural mineral resource products (from Form 84-124, page 2, line 31 or page 3, line 46) 25 .00 26 Other adjustments required by law (attach schedule) 26 .00 27 27 Income exemption (attach schedule; if not applicable, enter zero) 28 Total income (loss) apportioned and directly allocated to Mississippi (add line 22 through line 26 minus line 27) 28 .00 .00 MISSISSIPPI COMPOSITE TAXABLE INCOME If filing composite, complete lines 29 through 32 29 Mississippi composite net income (loss) (from Form 84-131) line 4a 29 .00 30 Composite return filing adjustment (attach schedule) 30 .00 31 Less Mississippi composite net operating loss deduction (from Form 84-155, line 2) 31 .00 32 Mississippi composite net taxable income (loss) (line 29 minus line 30 and line 31; enter on Form 84-105, line 5. If negative, enter zero on Form 84-105, line 5) 32 .00 33 Total Mississippi net income (loss) (from line 28) 33 .00 34 Less Mississippi electing pass-through entity net operating loss deduction (from Form 84-155, line 2) 34 .00 35 Mississippi net taxable income (loss) (line 33 minus line 34; enter on Form 84-105, line 5. If negative, enter zero on Form 84-105, line 5.) 35 .00 MISSISSIPPI ELECTING PASS-THROUGH ENTITY TAXABLE INCOME If filing as an electing pass-through entity, complete lines 33 through 35
84122238.pdf
More about the Mississippi Form 84-122 Corporate Income Tax TY 2023
We last updated the Pass Through Entity Net Taxable Income Schedule in February 2024, so this is the latest version of Form 84-122, fully updated for tax year 2023. You can download or print current or past-year PDFs of Form 84-122 directly from TaxFormFinder. You can print other Mississippi tax forms here.
Other Mississippi Corporate Income Tax Forms:
TaxFormFinder has an additional 36 Mississippi income tax forms that you may need, plus all federal income tax forms.
| Form Code | Form Name |
|---|---|
| Form 81-110 | Fiduciary Return |
| Form 83-100 | Corporate Income Instructions |
| Form 84-401 | Tax Credit Summary Schedule |
| Form 84-132 | Schedule K-1 (Pass Through) |
| Form 83-105 | Corporate Income and Franchise Tax Return |
View all 37 Mississippi Income Tax Forms
Form Sources:
Mississippi usually releases forms for the current tax year between January and April. We last updated Mississippi Form 84-122 from the Department of Revenue in February 2024.
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 Mississippi Form 84-122
We have a total of twelve past-year versions of Form 84-122 in the TaxFormFinder archives, including for the previous tax year. Download past year versions of this tax form as PDFs here:
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