Screen MNK1AR - Minnesota Accelerated Recognition of Installment Sale Gains (1040)

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General Information

Use this section to enter information for installment sales of an interest in or assets of Minnesota partnerships or S-corporations reported on Schedules KS and/or KPI.
Elect to defer installment sale gains according to Minnesota Statute section 290.0137, paragraph (b)
Mark this box to defer installment sale gains of a Minnesota partnership or S corporation interest and file Schedule M1AR to verify the election. No other data entry is required.
Nonresident at time of sale
Mark this box if you were a nonresident at the time of the installment sale and filing the Minnesota return as a part-year resident. This box will be marked automatically for nonresident Minnesota returns.

Nonresidents at the Time of Sale

Complete this section if you were a nonresident at the time of the installment sale and non-business income was included in the sale. If non-business income was not included in the installment sale leave this section blank.

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