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Federal Adjustments

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​Minnesota tax laws are based on the Internal Revenue Code as amended through December 16, 2016. Since that date, there have been multiple federal laws enacted that Minnesota has not adopted. You may need to complete Schedule M1NC, Federal Adjustments, when filing your 2018 Minnesota income tax return.

Do I need to complete Schedule M1NC?

Complete Schedule M1NC if any of the following occurred:

  • You received reimbursements from your employer in 2018 for bicycle commuting expenses.
  • You deducted moving expenses on your 2018 Minnesota return. (See Moving Expenses.)
  • You had an amount on line 8 of Schedule M1UE, Unreimbursed Employee Business Expenses.
  • You had student loan debt discharged in 2018 due to death or permanent disability.
  • You had a net gain on line 15 of Schedule M1CAT, Casualty and Theft.
  • You had contributions to an ABLE account exceeding $15,000 and took a distribution in 2018.
  • You elected to defer income from a qualified equity grant from your employer in 2018.
  • You had rental real estate losses or an IRA deduction adjusted on your 2017 Schedule M1NC.
  • You reported any of the following on your 2018 federal income tax return:
    • Rental real estate losses
    • Social Security income
    • IRA deduction
    • Student loan interest deduction
  • You are claiming bonus depreciation or section 179 expensing on your 2018 Schedule M1M, Income Additions and Subtractions.
  • You reported excess farm losses on your federal income tax return.
  • You received any of the following Minnesota schedules:
    • Schedule KFNC, Federal Adjustments
    • Schedule KPINC, Federal Adjustments
    • Schedule KSNC, Federal Adjustments

How will filing Schedule M1NC impact my Minnesota return?

Schedule M1NC impacts several other Minnesota tax schedules and may change your Minnesota taxable income which determines eligibility for certain Minnesota tax credits.

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