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Screens

Screen MNAdj - Minnesota Income and Adjustments (1040)

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Overview

Use this screen to calculate adjustments to federal taxable income. Interest and dividend income entered in statement windows in the B&D, K1, and K1T federal screens are used in the calculation of state income and adjustments. You may indicate in those statement windows if data should be applied only to the federal or only to the state return and use the state ZIP Code and
In-State Source %
 fields to indicate which part-year or nonresident state should include income entered.
  • Enter
    F
     in the
    F/S
     field to indicate that the item is for the federal return only.
  • Enter
    S
     in the
    F/S
     field and a ZIP Code in the
    State
     field to indicate that the item transfers only to the state specified and is ignored for federal purposes.
  • For Minnesota source interest and dividends reportable on part-year and nonresident Minnesota returns, you'll need to enter MN in the
    State
     field in these federal statement windows. Part-year returns default to include 100 percent of the income when the
    In-State Source
     field is blank. For nonresident Minnesota returns, you'll also need to enter a percentage in the
    In-State Source %
     field.

Additions to Income

State income taxes used as a deduction on the M1M from Schedules KS, KPI, or KF (Force)
The addition to income for state income taxes passed through from a partnership, S Corporation, or trust is calculated from data entered in the MNEFK1 and MNEFKF screens. An entry in this field overrides the data entered in those screens. When the return is being paper filed and data entry is not required in those screens, use this field to enter the amount from the Schedules K1.
Expenses attributable to income not taxed by Minnesota
Enter the amount of interest and other expenses deducted on your federal return that are attributable to income not taxed by Minnesota. Amounts entered here with code
1
 transfer to Schedule M1M as an addition to income. Amounts entered with code
2
 reduce the subtraction for net interest or mutual fund dividends from U.S. bonds on Schedule M1M.
For part-year and nonresident returns, enter the amounts of expense from interest or mutual funds other than U.S. bonds in the
In-state Code 2 only
 column and select code
2
 in the
Code
 field. These amounts transfer to Schedule M1NR for Column B.
Other additions
Enter any miscellaneous additions to income in the statement window. Returns with other additions are not eligible for electronic filing.

Subtractions from Income

Subtractions from income are entered on federal screens except as indicated.
Contributions not itemized on Schedule M1SA (Force)
The amount for line 1 of the worksheet defaults to the amount that would have been deducted on Schedule M1SA if itemized deductions had been taken. Use this field to force an amount different from the calculated amount. An amount entered here is limited to 50 percent of the amount over $500 as a subtraction from income.
American Indian reservation income (Force)
UltraTax CS calculates the amount of income earned while living on a American Indian reservation from data entered in the W-2 federal screen, using State Use code
2, Reservation
 and the Income federal screen, using State Use code
21, Reservation
. The American Indian reservation income is included on Schedule M1M as a subtraction from federal income and is also used in the calculation of Schedules M1WFC and M1CD. Use this field to enter an amount different from the calculated amount.
Military pension or other military retirement pay (Force)
UltraTax CS automatically calculates the subtraction from income for Military Pension or other military retirement from data entered in the 1099R federal screen when state use code
24
 is used.. An entry in this field overrides the entry in all units of the 1099R federal screen when state use code
24
 is used for Military Retirement. The amount is included on Schedule M1M as a subtraction from income.
AmeriCorps post service education awards (Force)
UltraTax CS automatically calculates the subtraction from income for AmeriCorps post service education awards from data entered in the 1099-M federal screen and Income screen,
Other income
 field with state use code
10
,
AmeriCorps program award subtraction
. An amount entered here overrides the calculated amount for the subtraction on Schedule M1M.
Railroad maintenance expenses from Schedules KPI and KS
Schedule M1M subtractions include the expenses included on federal Form 8900 when a credit is taken on Form 1040 and the subtraction is entered on the MNEFKF screen. Use this field to enter any expenses from a pass-through entity when a credit is taken on Form 1040 or to adjust the default amount.
Schedule M1529 subtraction or credit (Force)
UltraTax CS optimizes Schedule M1529 to either use the subtraction or credit based on data entered on the MN529 screen. Use this field to force either a subtraction or a credit, which will overrule the optimization.
Social security benefit subtraction (Force)
UltraTax CS calculates the subtraction from income for taxable Social Security from data entered in the SSA-1099 federal screen. An entry in this field replaces the automatic calculation on the Social Security Subtraction Worksheet. The amount is included on Schedule M1M as a subtraction from income.
Discharge of indebtedness of educational loans
Enter the amount of discharged indebtedness for a qualified education loan after completing a federal income-based repayment plan.
Other subtractions
Enter any miscellaneous subtractions from income in the statement window. Returns with other subtractions are not eligible for electronic filing.
Other taxes (Force) / Carryover of charitable contributions from a prior year (Force)
Use these Force fields to adjust amounts on the M1SA, Itemized Deductions.

This article applies to:

  • PRODUCT: UltraTax CS
  • Return type: 1040 Individual
  • State: Minnesota

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