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Ghosts on the ledger
Payroll fraud is a major compliance risk. Learn how payroll analytics and AI-powered tools can help exorcise phantom employees and employers.
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Future of professionals report 2025
The Thomson Reuters Future of Professionals Report 2025 reveals how AI continues to shape professional work — and what it takes to get ahead. This year’s report shows that increased efficiency, productivity, and cost savings top the list of benefits professionals attribute to AI, making it indispensable for organizations facing rapid change.
Screen MNKS - Minnesota Shareholder's Pro Rata Share Items (1120)
Show all hidden content
Modifications
Interest income from non-Minnesota state and municipal bonds
Amounts transfer to this statement from the federal return. Use the location codes listed in the table that follows to code interest items. The application includes Minnesota interest if less than 95 percent of the total tax-exempt interest is from Minnesota state and municipal bonds.
Location Code | Description | Destination |
|---|---|---|
I | In state (default) | Schedule KS (when less than 95 percent of total tax-exempt interest) |
O | Out of state | Schedule KS |
State income tax deducted in arriving at ordinary income or net rental income
The application transfers information from the
Taxes and licenses
statement in the federal Inc Screen and from the Taxes
fields in the federal F-2, Rent, and 4835-2 Screens to the statement. Enter amounts to include on Schedule KS in the State Amount column.