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Railroad Maintenance
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Minnesota allows a subtraction for railroad maintenance expenses by certain railroads.
Do I qualify for this subtraction?
To qualify, both of the following must be true:
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You claimed a federal credit for railroad maintenance expenses on federal Form 8900.
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You incurred expenses from railroads classified by the U.S. Surface Transportation Board as any of the following:
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Class III (small)
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Class II (medium-sized)
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Class I (large), if transporting property using the rail facilities of a Class II or III railroad
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You may subtract from Minnesota taxable income any expenses you were not allowed to deduct on your federal income tax return.
How do I claim this subtraction?
Complete Schedule M1M, Income Additions and Subtractions. Include Schedule M1M when you file Form M1, Individual Income Tax.
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