between Minnesota and other states. A nonresident shareholder will be taxed on the Minnesota distributive income from the S corporation. These instructions are intended to help you report your share of the S corporation's income, credits and modifications on your Minnesota return. You must include Schedule KS when you file your Form M1. Minnesota revises instructions for 2016 partnership guaranteed payments 04-Apr-2017 By Alexander Korzhen The Minnesota Department of Revenue has made an important correction to the Schedule KPI portion of the general partnership instructions for 2016. How does this affect 2017 Minnesota tax return filers? Minnesota has not adopted these federal changes. Taxpayers claiming these benefits on their federal return must now use the updated forms and instructions posted on the Minnesota Department of Revenue's website when completing their Minnesota individual income and business tax returns. The amount of any overpayment of income tax to Minnesota or to any other state, for any previous taxable year, is a subtraction, whether the amount is received as a refund or as a credit to another taxable year's income tax liability. 2017, and in each subsequent year, from the 12 months December 31, 2017, with limited exceptions. See the instructions for Part III, Line 22. Domestic Production Activities Deduction, later. see the instructions for Part I, lines 10 and 11, and Part II, line 7, for guidance on Schedule M-3 reporting of ATV winches, mounts and accessories for KFI Products KFI and other ATV Winches and KFI ATV winch mounts and Accessories Minnesota Income Taxes and MN State Tax Forms. Minnesota All these forms will then be e-filed by you to the state tax agency. Instructions on how to only prepare a state income tax return. Form/Schedule. Description. efileIT Now* Form M1. 2017 Tax Year Minnesota Tax Forms. 2017 Subd. 10 Amended 2017 c 1 s 4; derived from interest income on obligations of the state of Minnesota or its poli