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    3                                                   FINAL DRAFT — 10/2/23                                                                                                                                                                     3
    4                                                                                                                                                                                                                                             4
    5                                                                                                                                                                                                                                             5
    6                                                                                                                                         *232011*                                                                                            6
    7                                                                                                                                                                                                                                             7
       2023 Form M2, Income Tax Return for Estates and Trusts 
    8                                                                                                                           Do not use staples on anything you submit.                                                                        8
    9  Tax year beginning (MM/DD/YYYY)               MM/DD/YYYY              , ending (MM/DD/YYYY)    MM/DD/YYYY                                                                                                                                  9
    10                                                                                                                                                                                                                                            10
    11                                                                                                                                                                                                                                            11
    12 NAME OF ESTATE OR TRUSTXXXXXXX                                               123456789                                 123456789                                                                                  1234                     12
    13 Name of Estate or Trust                                 Check if name        Federal ID Number                         Minnesota ID Number                                                                        Number of Schedules KF   13
                                                               has changed:  X
    14 BENEFICIARY NAMEXXXXXXXXXXXXXX                                               111223333                                 MM / DD/YYYY 1234                                                                                                   14
    15 Name and title of fiduciary                      Check if address            Decedent’s Social Security Number         Date of Death                                                                              Number of Beneficiaries  15
                                                        has changed:         X
    16 FIDUCIARY ADDRESSXXXXXXXXXXXXXX                                              CITYXXXXXXXXXX   MN                                                                                                                  123451234                16
    17 Current address of fiduciary                                                 Fiduciary City                            Fiduciary State                                                                            Fiduciary ZIP Code       17
    18 DECEDENT ADDRESSXXXXXXXXXXXXXX                                               CITYXXXXXXXXXX   MN                                                                                                                  123451234                18
    19 Decedent’s last address or grantor’s address when trust became irrevocable   Decedent or Grantor City                  Decedent or Grantor State  Decedent or Grantor ZIP                                                                  19
    20 Check all that apply:                                                                                                                                                                                                                      20
    21 X    Initial Return                                                        X    Final Return                                           X     Section 645 Election                                                                          21
    22                                                                                                                                                                                                                                            22
    23 X    Grantor Trust                                                         X    Statutory Resident                                     X   ESBT                                                                                            23
    24                                                                                                                                                                                                                                            24
    25 X   Irrevocable Trust — Date trust became irrevocable 11223333             X    Statutory Nonresident                                  X   QSST                                                                                            25
    26                                                                                                                                                                                                                                            26
    27 X      Decedent’s Estate — Gross value of estate 11122333                  X    Due Process Nonresident (see Schedule M2RT)            X                                                                          Trust/Estate Owns or     27
    28                                                                                                                                                                                                                   Operates a Business —    28
    29 X      Form M706 Filed                                                     X    Composite Income Tax                                                                                                              FEIN 123456789           29
    30                                                                                                                                                                                                                                            30
    31  X    Bankruptcy Estate —                                                  X   Installment sale of pass-                               X                                                                          Tax Position Disclosure  31
    32      Debtor Social Security Number (SSN)   111223333                           through assets or interests                                                                                                        (enclose Form TPD)       32
    33      If filing jointly, second debtor SSN     111223333                                                                                                                                                                                    33
    34                                                                                                                                                                                                                                            34
    35   1  Federal taxable income (from line 23 of federal Form 1041)   . . .  . . . . .  . . . . . .  . . . . .  . . . . .  . . . . . .  . . . . . .  . . . . . .  . . .  .                  1                              12345678            35
    36                                                                                                                                                                                                                                            36
    37   2  Fiduciary’s deductions and losses not allowed by Minnesota (enclose Schedule M2NM)                     . . .  . . . . . .  . . . . .  . . . . . . .  .  .    2                                                    12345678            37
    38                                                                                                                                                                                                                                            38
    39   3  Capital gain amount of lump-sum distribution (enclose federal Form 4972)  . . .  . . . . . .  . . . . .  . . . . . . .  . . . . .  . . . . . .  .  .  3                                                           12345678            39
    40                                                                                                                                                                                                                                            40
    41   4  Additions (from line 74, column E, on page 5 of this form)  . . .  . . . . . .  . . . . .  . . . . . . .  . . . . .  . . . . . .  . . . . .  . . . . .  . . . . .  .  4                                           12345678 41
    42                                                                                                                                                                                                                                            42
    43   5  Add lines 1 through 4     . . .  . . . . . .  . . . . .  . . . . . . .  . . . . .  . . . . . .  . . . . .  . . . . .  . . . . . .  . . . . . .  . . . . . .  . . . . .  . . . . . .  . . . . .  .  .  5           12345678            43
    44                                                                                                                                                                                                                                            44
    45   6  Subtractions (from line 74, column E, on page 5 of this form)   . . .  . . . . . .  . . . . .  . . . . . .     6  12345678                                                                                                            45
    46                                                                                                                                                                                                                                            46
    47   7  Fiduciary’s income from non-Minnesota sources (enclose Schedule M2NM)                 . . .  . . . . .    7       12345678                                                                                                            47
    48                                                                                                                                                                                                                                            48
    49   8  Add lines 6 and 7    . . .  . . . . . .  . . . . . .  . . . . . .  . . . . .  . . . . .  . . . . . .  . . . . . .  . . . . . .  . . . . .  . . . . .  . . . . . .  . . . . . .  . . . . . .  . . .  .    8        12345678            49
    50                                                                                                                                                                                                                                            50
    51   9  Minnesota taxable net income. Subtract line 8 from line 5   . . . . .  . . . . . .  . . . . . . .  . . . . .  . . . . .  . . . . . .  . . . . .  . . . . . .  .  .    9                                           12345678            51
    52                                                                                                                                                                                                                                            52
    53  10  Tax from table in Form M2 instructions . . .  . . . . . .  . . . . .  . . . . . . .  . . . . .  . . . . . .  . . . . .  . . . . .  . . . . . .  . . . . . .  . . . . . .  . .  . 10                               12345678            53
    54                                                                                                                                                                                                                                            54
    55  11  Tax from S portion of an Electing Small Business Trust (enclose Schedule M2SB)  . . .  . . . . . .  . . . . .  . . . . . . .  . . . . .  . .  . 11                                                                12345678            55
    56                                                                                                                                                                                                                                            56
    57  12  Total of tax from (enclose appropriate schedules):     X    a. Schedule M1LS    X    b.  Schedule M2MT               . . .  . . . .  . 12                                                                         12345678            57
    58                                                                                                                                                                                                                                            58
    59  13  Composite income tax for nonresident beneficiaries (enclose Schedules KF)             . . .  . . . . . .  . . . . .  . . . . . . .  . . . . .  . . . . .  . 13                                                    12345678            59
    60                                                                                                                                                                                                                                            60
    61  14  Total 2023 income tax. Add lines 10 through 13   .  . . . . .  . . . . . .  . . . . . .  . . . . .  . . . . . .  . . . . . .  . . . . . .  . . . . .  . . . . . .  . .  . 14                                      12345678            61
    62                                                                                                                                                                                                                                            62
    63                                                                                9995                                                                                                                                                        63
  2 4  6  8 10  12  14   16  18  20  22  24  26         28  30 32  34  36    38  40 42  44  46      48  50     52  54  56     58  60  62 64  66                                                                   68  70      72  74  76 78  80   82  84  86
    65                                                                                                                                                                                                                                            65

    1                                                                                                                                                                                                                               1
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    3                                                                                                                                                                                                                               3
    4  2023 M2,  page 2                                                                                                                                                                                                             4
    5                                                                                                                                                                                                                               5
    6                                                                                                                    *232021*                                                                                                   6
    7                                                                                                                                                                                                                               7
    8   1 5  Credit for taxes paid to another state  . .  . . . . .  . . . . .  . . . . . .  . . . . .  . . . . . . .  . . . . .  . . . . . .  . . . . .  . . . . . .  . . . . . .  . . . .   15                  12345678          8
    9                                                                                                                                                                                                                               9
    10  16  Film Production Tax Credit   . . .  . . . . . .  . . . . .  . . . . . . .  . . . . .  . . . . . .  . . . . .  . . . . .  . . . . . .  . . . . . .  . . . . . .  . . . . .  . . . . . .   16           12345678          10
    11       Enter the credit certificate number:  TAXC - 12345678                                                                                                                                                                  11
    12                                                                                                                                                                                                                              12
    13  17  Tax Credit for Owners of Agricultural Assets   .  . . . . .  . . . . . .  . . . . . .  . . . . .  . . . . . .  . . . . .  . . . . . .  . . . . . .  . . . . .  . . . . .   17                         12345678          13
    14       Enter certificate number from the Rural Finance Authority:                                                                                                                                                             14
    15       AO 12 - 345678                                                                                                                                                                                                         15
    16                                                                                                                                                                                                                              16
    17  18  Unused credit for owners of agricultural assets from a prior year  . . .  . . . . . .  . . . . .  . . . . . . .  . . . . .  . . . . . .  . . . . .  . .   18                                          12345678 17
    18      AO 12 - 345678                                                                                                                                                                                                          18
    19                                                                                                                                                                                                                              19
    20  19  Housing Tax Credit . . .  . . . . . .  . . . . .  . . . . . . .  . . . . .  . . . . . .  . . . . .  . . . . .  . . . . . .  . . . . . .  . . . . . .  . . . . .  . . . . . .  . . . . .  . .   19     12345678 20
    21       Enter certificate number from Minnesota Housing: SHTC 1234 -          345678                                                                                                                                           21
    22                                                                                                                                                                                                                              22
    23  20  Short Line Railroad Infrastructure Modernization Credit   .  . . . . .  . . . . . .  . . . . . . .  . . . . .  . . . . .  . . . . . .  . . . . .  . . . . . .   20                                    12345678          23
    24                                                                                                                                                                                                                              24
    25  21  Credit for Sales of Manufactured Home Parks to Cooperatives   . . . .  . . . . .  . . . . . . .  . . . . .  . . . . .  . . . . . .  . . . . . .  . . .   21                                           12345678 25
    26                                                                                                                                                                                                                              26
    27  22  Credit for increasing research activities (enclose Schedule KPI, KS, or KF)  . .  . . . . . .  . . . . . .  . . . . .  . . . . .  . . . . . .  . . .   22                                             12345678 27
    28                                                                                                                                                                                                                              28
    29  23  Other nonrefundable credits (see instructions)  . . .  . . . . . .  . . . . .  . . . . . . .  . . . . .  . . . . . .  . . . . .  . . . . .  . . . . . .  . . . . . .   23                             12345678 29
    30                                                                                                                                                                                                                              30
    31  24  Total nonrefundable credits. Add lines 15 through 23  . . .  . . . . . .  . . . . .  . . . . . . .  . . . . .  . . . . . .  . . . . .  . . . . .  . . . . . .  .   24                                 12345678 31
    32                                                                                                                                                                                                                              32
    33  25  Subtract line 24 from line 14 (if result is zero or less, leave blank)  . . .  . . . . . .  . . . . .  . . . . . . .  . . . . .  . . . . . .  . . . . .  . .   25                                     12345678 33
    34                                                                                                                                                                                                                              34
    35  26  Pass-Through Entity Tax Credit (enclose Schedule KPI, KS, or KF)  . . . . .  . . . . . .  . . . . . . .  . . . . .  . . . . .  . . . . . .  . . . . .  .   26                                         12345678          35
    36                                                                                                                                                                                                                              36
    37  27  Minnesota income tax withheld (enclose documentation)   . . . .  . . . . .  . . . . . . .  . . . . .  . . . . . .  . . . . . .  . . . . .  . . . . .  .   27                                          12345678          37
    38                                                                                                                                                                                                                              38
    39  28  Total estimated tax payments and extension payments   .  . . . . .  . . . . . .  . . . . . .  . . . . .  . . . . . .  . . . . . .  . . . . .  . . . . . .  .   28                                     12345678          39
    40                                                                                                                                                                                                                              40
    41  29  Historic Structure Rehabilitation Tax Credit   . . . .  . . . . . .  . . . . . .  . . . . .  . . . . . . .  . . . . .  . . . . .  . . . . . .  . . . . . .  . . . . . .  .   29                       12345678          41
    42       Enter National Park Service (NPS) project number: 123456                                                                                                                                                               42
    43                                                                                                                                                                                                                              43
    44  30  Other refundable credits (see instructions) . . .  . . . . . .  . . . . .  . . . . . . .  . . . . .  . . . . . .  . . . . .  . . . . . .  . . . . .  . . . . . .  . . . .   30                        12345678          44
    45                                                                                                                                                                                                                              45
    46  31  Add lines 26 through 30  . . . . . .  . . . . .  . . . . . .  . . . . .  . . . . . .  . . . . .  . . . . . .  . . . . . .  . . . . . .  . . . . .  . . . . . .  . . . . . .  . . . . .   31           12345678          46
    47                                                                                                                                                                                                                              47
    48  32  Tax due. If line 25 is more than line 31, subtract line 31 from line 25  . .  . . . . . .  . . . . .  . . . . . .  . . . . .  . . . . . . .  . . . . .   32                                           12345678          48
    49                                                                                                                                                                                                                              49
    50  33  Penalty (see instructions)  . . .  . . . . . .  . . . . .  . . . . . . .  . . . . .  . . . . . .  . . . . .  . . . . .  . . . . . .  . . . . . .  . . . . . .  . . . . .  . . . . . .  .    33        12345678          50
    51                                                                                                                                                                                                                              51
    52  34  Interest (see instructions)    .  . . . . .  . . . . . .  . . . . .  . . . . . .  . . . . . .  . . . . . .  . . . . .  . . . . .  . . . . . . .  . . . . .  . . . . .  . . . . . .  . . . .  34       12345678          52
    53                                                                                                                                                                                                                              53
    54  35  Trusts only: Additional charge for underpaying estimated tax (enclose Schedule EST)    . . . . .  . . . . . .  . . . . . .  . . . . .   35                                                            12345678          54
    55                                                                                                                                                                                                                              55
    56  36 AMOUNT DUE.   If you entered an amount on line 32, add lines 32 through 35.                                                                                                                                              56
    57                                                                                                                                                                                                                              57
    58       Check payment method:     X      check    X      electronic (see instructions)  . . .  . . . . . .  . . . . .  . . . . . . .  . . . . .  . . . .   36                                                12345678          58
    59                                                                                                                                                                                                            (continued)       59
    60                                                                                                                                                                                                                              60
    61                                                                                                                                                                                                                              61
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    63                                                                      9995                                                                                                                                                    63
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    1                                                                                                                                                                                                                                                                                1
  2 4  6  8        10 12  14  16  18  20 22  24  26 28  30        32  34  36 38  40 42  44  46 48  50 52  54  56    58  60  62    64  66                                                                                                               68  70 72  74  76 78  80      82  84  86
    3                                                                                                                                                                                                                                                                                3
    4  2023 M2,  page 3                                                                                                                                                                                                                                                              4
    5                                                                                                                                                                                                                                                                                5
    6                                                                                                                                    *232031*                                                                                                                                    6
    7                                                                                                                                                                                                                                                                                7
    8                                                                                                                                                                                                                                                                                8
    9   37  Overpayment. If line 31 is more than the sum of lines 25 and 33 through 35, subtract lines 25                                                                                                                                                                            9
    10      and 33 through 35 from line 31  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .    37     12345678               10
    11                                                                                                                                                                                                                                                                               11
    12  38  If you are paying estimated tax for 2024, enter the amount from line 37 you want applied to it, if any   . . .  . . . . .                                                                                                                  38     12345678               12
    13                                                                                                                                                                                                                                                                               13
    14  39  REFUND. Subtract line 38 from line 37     . . .  . . . . . .  . . . . .  . . . . . . .  . . . . .  . . . . . .  . . . . .  . . . . .  . . . . . .  . . . . . .  . . . . . .  .   39                                                               12345678               14
    15                                                                                                                                                                                                                                                                               15
    16  40  To have your refund direct deposited, enter the following. Otherwise, you will receive a check.                                                                                                                                                                          16
    17                                                                                                                                                                                                                                                                               17
    18             X  Checking     X   Savings      123456789                       12345678901234567                                                                                                                                                                                18
    19                                              Routing number                            Account number (use an account not associated with any foreign banks)                                                                                                                  19
    20                                                                                                                                                                                                                                                                               20
    21                                                            111223333                                     MM/ DD/YYYY                                                                                                                            1112233333                    21
    22 Signature of Fiduciary or Officer Representing Fiduciary   Minnesota Tax ID or Social Security Number           Date (MM/DD/YYYY)                                                                                                               Direct Phone                  22
    23 PRINT NAME OF CONTACT                                      EMAIL ADDRESS FOR                                 X     Fiduciary E-mail                                                                                                                  X   Paid Preparer E-mail 23
    24 Print Name of Contact                                      E-mail Address for Correspondence, if Desired                                                                                                                                                                      24
    25                                                            111223333                                     MM/ DD/YYYY                                                                                                                            1112223333                    25
    26 Paid Preparer’s Signature                                  Preparer’s PTIN                               Date (MM/DD/YYYY)                                                                                                                      Direct Phone                  26
    27                                                                                                                                                                                                                                                                               27
    28 X   I authorize the Minnesota Department of Revenue to discuss this tax return with the preparer.                                                                                                                                                                             28
    29                                                                                                                                                                                                                                                                               29
    30 X    I do not want my paid preparer to file my return electronically.                                                                                                                                                                                                         30
    31                                                                                                                                                                                                                                                                               31
    32                                                                                                                                                                                                                                                                               32
    33 Enclose a copy of federal Form 1041, Schedules K-1, and other federal schedules.                                                                                                                                                                                              33
    34 Mail to:                                                                                                                                                                                                                                                                      34
    35 Minnesota Fiduciary Income Tax                                                                                                                                                                                                                                                35
    36 Mail Station 1310                                                                                                                                                                                                                                                             36
    37 600 N. Robert St.                                                                                                                                                                                                                                                             37
    38 St. Paul, MN 55146-1310                                                                                                                                                                                                                                                       38
    39                                                                                                                                                                                                                                                                               39
    40                                                                                                                                                                                                                                                                               40
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    63                                                                              9995                                                                                                                                                                                             63
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    65                                                                                                                                                                                                                                                                               65

    1                                                                                                                                                                                                                      1
  2 4  6  8 10 12  14 16  18  20 22  24  26    28  30      32  34  36          38  40        42  44  46          48  50       52  54  56          58  60  62                               64  66 68  70 72  74  76 78  80 82  84  86
    3                                                                                                                                                                                                                      3
    4  2023 M2,  page 4                                                                                                                                                                                                    4
    5                                                                                                                                                                                                                      5
                                                                                                                                                                                           *232041*
    6  Additions to Income                                                                                                                                                                                                 6
    7                                                                                                                                                                                                                      7
    8   41  State and municipal bond interest from outside Minnesota   . . . . . .  . . . . .  . . . . . .  . . . . .  . . . . .  . . . . . .  . . .  .     41                                    12345678                 8
    9                                                                                                                                                                                                                      9
    10  42  State taxes deducted in arriving at net income  . . . . . .  . . . . . .  . . . . . .  . . . . .  . . . . . .  . . . . .  . . . . .  . . . . . .  . .  .     42                       12345678                 10
    11  43  Expenses deducted on your federal return that are attributable to income not taxed                                                                                                                             11
    12     by Minnesota (other than interest or mutual fund dividends from U.S. bonds)                              . . .  . . . . . .  . . . . .  . . . . . . .  .     43                        12345678                 12
    13  44  80 percent of the suspended loss from 2001–2005 or 2008–2022 on your                                                                                                                                           13
    14     federal return that was generated by bonus depreciation (see instructions)                           . . .  . . . . . .  . . . . .  . . . . . . .  . .  .     44                       12345678                 14
    15                                                                                                                                                                                                                     15
    16  45  80 percent of federal bonus depreciation   . . .  . . . . . .  . . . . .  . . . . .  . . . . . . .  . . . . .  . . . . . .  . . . . .  . . . . . .  .  45 . .  .                      12345678                 16
    17                                                                                                                                                                                                                     17
    18  46   Section 199A qualified business income . . .  . . . . . .  . . . . .  . . . . . . .  . . . . .  . . . . . .  . . . . .  . . . . .  . . . . . .  . . . .46 .  .                       12345678                 18
    19                                                                                                                                                                                                                     19
    20  47  This line intentionally left blank   . . .  . . . . . . .  . . . . .  . . . . . .  . . . . .  . . . . .  . . . . . .  . . . . . .  . . . . . .  . . . . . .  . . . . .  .    47       12345678                 20
    21                                                                                                                                                                                                                     21
    22  48  Net operating loss (NOL) carryover adjustment  . . .  . . . . . .  . . . . .  . . . . . . .  . . . . .  . . . . . .  . . . . .  . . . . .  . . . . .  .     48                        12345678                 22
    23                                                                                                                                                                                                                     23
    24  49  Foreign-derived intangible income (FDII) deduction  .  . . . . .  . . . . . .  . . . . . .  . . . . .  . . . . . .  . . . . .  . . . . . .  . .49  .  .                               12345678                 24
    25                                                                                                                                                                                                                     25
    26  50  This line intentionally left blank  . . .  . . . . . .  . . . . .  . . . . . . .  . . . . .  . . . . . .  . . . . .  . . . . .  . . . . . .  . . . . . .  . . . . . .  .     50                                26
    27                                                                                                                                                                                                                     27
    28  51  Other additions (see instructions)  .  . . . . . . .  . . . . .  . . . . .  . . . . . .  . . . . . .  . . . . .  . . . . . .  . . . . . .  . . . . .  . . . . . .  .     51           12345678                 28
    29                                                                                                                                                                                                                     29
    30  52  This line intentionally left blank    . .  . . . . . .  . . . . . .  . . . . . .  . . . . .  . . . . . .  . . . . .  . . . . . .  . . . . . .  . . . . .  . . . . . .  .     52                                30
    31                                                                                                                                                                                                                     31
    32  53  This line intentionally left blank    . .  . . . . . .  . . . . . .  . . . . . .  . . . . .  . . . . . .  . . . . .  . . . . . .  . . . . . .  . . . . .  . . . . . .  .     53                                32
    33                                                                                                                                                                                                                     33
    34  54  This line intentionally left blank    . .  . . . . . .  . . . . . .  . . . . . .  . . . . .  . . . . . .  . . . . .  . . . . . .  . . . . . .  . . . . .  . . . . . .  .     54                                34
    35                                                                                                                                                                                                                     35
    36  55  This line intentionally left blank    . .  . . . . . .  . . . . . .  . . . . . .  . . . . .  . . . . . .  . . . . .  . . . . . .  . . . . . .  . . . . .  . . . . . .  .     55                                36
    37                                                                                                                                                                                                                     37
    38  56  Add lines 41 through 55. Enter the result here and on line 75, column E, under Additions   . .  . . . . . .  . . .  .     56                                                          12345678                 38
    39                                                                                                                                                                                                                     39
    40 Subtractions from Income                                                                                                                                                                                            40
    41                                                                                                                                                                                                                     41
    42  57  Interest on U.S. government bond obligations, minus any expenses                                                                                                                                               42
    43     deducted on your federal return that are attributable to this income    . . .  . . . . . .  . . . . . .  . . . . . .  . . . . .  . .  .     57                                         12345678                 43
    44                                                                                                                                                                                                                     44
    45  58  State income tax refund included on federal return   . . . . . .  . . . . . .  . . . . .  . . . . . .  . . . . . .  . . . . .  . . . . .  . . . .  .     58                           12345678                 45
    46                                                                                                                                                                                                                     46
    47  59  Federal bonus depreciation subtraction (see instructions,)   . . . . .  . . . . . . .  . . . . .  . . . . .  . . . . . .  . . . . .  . . . .  .     59                                12345678                 47
    48                                                                                                                                                                                                                     48
    49  60  This line intentionally left blank   . . . . .  . . . . .  . . . . . .  . . . . . .  . . . . . .  . . . . .  . . . . . .  . . . . .  . . . . . .  . . . . . .  . . . .    60                                   49
    50                                                                                                                                                                                                                     50
    51  61  Subtraction for railroad maintenance expenses  . . .  . . . . . .  . . . . .  . . . . . . .  . . . . .  . . . . . .  . . . . .  . . . . .  . . . . .  .     61                        12345678                 51
    52                                                                                                                                                                                                                     52
    53  62  Net operating loss carryover adjustment  . . . .  . . . . . . .  . . . . .  . . . . .  . . . . . .  . . . . . .  . . . . .  . . . . . .  . . . . . .  . .  .     62                   12345678                 53
    54                                                                                                                                                                                                                     54
    55  63  Deferred foreign income (Section 965)  . . . .  . . . . .  . . . . . .  . . . . .  . . . . . . .  . . . . .  . . . . . .  . . . . .  . . . . .  . . . . . .  .     63                 12345678                 55
    56                                                                                                                                                                                                                     56
    57  64  Disallowed section 280E expenses of a licensed cannabis business  . . .  . . . . . .  . . . . .  . . . . . . .  . . . . .  . . . . .  .     64                                        12345678                 57
    58                                                                                                                                                                                                                     58
    59  65  Delayed business interest  . . .  . . . . . .  . . . . .  . . . . . . .  . . . . .  . . . . . .  . . . . .  . . . . .  . . . . . .  . . . . . .  . . . . . .  . . . . .  .     65     12345678                 59
    60                                                                                                                                                                                                                     60
    61  66  Delayed net operating loss deduction  . . .  . . . . . .  . . . . .  . . . . . . .  . . . . .  . . . . . .  . . . . .  . . . . .  . . . . . .  . . . . . .  .  .     66               12345678                 61
    62                                                                                                                                                                                                                     62
    63                                                                                       9995                                                                                                 (continued)              63
  2 4  6  8 10 12  14 16  18  20 22  24  26    28  30      32  34  36         38  40         42  44  46          48  50       52  54  56          58  60  62                               64  66 68  70 72  74  76 78  80 82  84  86
    65                                                                                                                                                                                                                     65

    1                                                                                                                                                                                                                        1
  2 4  6   8 10 12  14  16  18  20       22  24  26 28  30 32  34  36 38  40 42  44  46       48  50 52  54  56 58  60  62                                                                64  66 68  70   72  74  76  78  80 82  84  86
    3                                                                                                                                                                                                                        3
    4  2023 M2,  page 5                                                                                                                                                                                                      4
    5                                                                                                                                                                                                                        5
    6                                                                                                                                                                                            *232051*                    6
    7                                                                                                                                                                                                                        7
    8                                                                                                                                                                                                                        8
    9   67   Other subtractions (see instructions) . . .  . . . . . .  . . . . .  . . . . . . .  . . . . .  . . . . . .  . . . . .  . . . . .  . . . . . .  . . . . . .  . .  .     67           12345678                    9
    10                                                                                                                                                                                                                       10
    11  68   This line intentionally left blank    . .  . . . . . .  . . . . . .  . . . . . .  . . . . .  . . . . . .  . . . . .  . . . . . .  . . . . . .  . . . . .  . . . . . .  .     68                                 11
    12                                                                                                                                                                                                                       12
    13  69   This line intentionally left blank    . .  . . . . . .  . . . . . .  . . . . . .  . . . . .  . . . . . .  . . . . .  . . . . . .  . . . . . .  . . . . .  . . . . . .  .     69                                 13
    14                                                                                                                                                                                                                       14
    15  70   This line intentionally left blank    . .  . . . . . .  . . . . . .  . . . . . .  . . . . .  . . . . . .  . . . . .  . . . . . .  . . . . . .  . . . . .  . . . . . .  .     70                                 15
    16                                                                                                                                                                                                                       16
    17  71   This line intentionally left blank    . .  . . . . . .  . . . . . .  . . . . . .  . . . . .  . . . . . .  . . . . .  . . . . . .  . . . . . .  . . . . .  . . . . . .  .     71                                 17
    18                                                                                                                                                                                                                       18
    19  72   Add lines 57 through 71. Enter the result here and on line 75, column E, under Subtractions         . . .  . . . . . .  .     72                                                    12345678                    19
    20                                                                                                                                                                                                                       20
    21                                                                                                                                                                                                                       21
    22                                                                                                                                                                                                                       22
    23                                                                                                                                                                                                                       23
    24                                                                                                                                                                                                                       24
    25 Allocation of Adjustments Between Fiduciary and Beneficiaries (see instructions)                                                                                                                                      25
    26                                                                                                                                                                                                                       26
    27                  A                           B                 C                       D                                                                                                         E                    27
    28                                          Beneficiary’s Social Share of federal         Percent of total on                           Shares assignable to beneficiary and to fiduciary                                28
                Name of each beneficiary        Security number      distributable net income line 75, column C Additions                                                                                 Subtractions
    29                                                                                                                                                                                                                       29
    30                                                                                                                                                                                                                       30
    31   73  BENEFICIARYNAME                    111223333             12345678                123    %          12345678                                                                                  12345678           31
    32                                                                                                                                                                                                                       32
    33     BENEFICIARYNAME                      111223333             12345678                123%              12345678                                                                                  12345678           33
    34                                                                                                                                                                                                                       34
    35                                                                                               %                                                                                                                       35
             BENEFICIARYNAME 111223333                                12345678                123               12345678                                                                                  12345678
    36                                                                                                                                                                                                                       36
    37     BENEFICIARYNAME                      111223333                                     123%                                                                                                                           37
                                                                      12345678                                  12345678                                                                                  12345678
    38                                                                                                                                                                                                                       38
    39                                                                                               %                                                                                                                       39
             BENEFICIARYNAME                    111223333             12345678                123               12345678                                                                                  12345678
    40                                                                                                                                                                                                                       40
    41     BENEFICIARYNAME                      111223333             12345678                123%              12345678                                                                                  12345678           41
    42                                                                                                                                                                                                                       42
    43     BENEFICIARYNAME                      111223333             12345678                123%              12345678                                                                                  12345678           43
    44                                                                                                                                                                                                                       44
    45   74   Fiduciary                                               12345678                123%                                                                                                                           45
                                                                                                                12345678                                                                                  12345678
    46                                                                                                                                                                                                                       46
    47   75   Total                                                   12345678                100%              12345678                                                                                  12345678           47
    48                                                                                                                                                                                                                       48
    49     Enclose separate sheet, if needed.                                                                                                                                                                                49
    50                                                                                                                                                                                                                       50
    51                                                                                                                                                                                                                       51
    52                                                                                                                                                                                                                       52
    53                                                                                                                                                                                                                       53
    54                                                                                                                                                                                                                       54
    55                                                                                                                                                                                                                       55
    56                                                                                                                                                                                                                       56
    57                                                                                                                                                                                                                       57
    58                                                                                                                                                                                                                       58
    59                                                                                                                                                                                                                       59
    60                                                                                                                                                                                                                       60
    61                                                                                                                                                                                                                       61
    62                                                                                                                                                                                                                       62
    63                                                                       9995                                                                                                                                            63
  2 4  6   8 10 12  14  16  18  20       22  24  26 28  30 32  34  36 38  40 42  44  46       48  50 52  54  56 58  60  62                                                                64  66 68  70   72  74  76  78  80 82  84  86
    65                                                                                                                                                                                                                       65