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Federal Large Partnership Treatment

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For individuals, estates, and trusts, income from a partnership may be treated differently on your federal and Minnesota returns depending on how that partnership reports federal taxes.

If you have partnership income, you must report (or add back) additional income on your Minnesota return if all of the following apply:

  • The partnership elected to be treated as a large partnership at the federal level.
  • The Internal Revenue Service adjusted the partnership’s federal return, increasing partnership income.
  • The partnership elected not to pass through the adjustments to the partners, but instead paid the additional federal tax at the maximum corporate tax rate.
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