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9 2024 Schedule PTE-RP, Pass-through Entity Tax 9
10 for Resident Partners 10
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12 Partnerships, and Limited Liability Companies (LLCs) taxed as a Partnership: Complete Schedule PTE-RP and file with Schedule PTE if 12
13 you are electing to pay tax at the entity level. Include amounts attributable to partners who are Minnesota residents. 13
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15 NAMEXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXX 123456789 123456789 15
16 Name of LLC or Partnership FEIN Minnesota Tax ID Number 16
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18 Entity is a X Partnership X LLC 18
19 Complete lines 1 through 13 with amounts attributable to partners who are Minnesota residents. 19
20 1 80% of federal bonus depreciation (see instructions) ... ...... ..... ....... ..... ...... ..... ..... ...... ... 1 12345678 20
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22 2 Foreign--derived intangible income (FDII) deduction ... ...... ..... ....... ..... ...... ..... ..... ...... ... 2 12345678 22
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24 3 This line intentionally left blank . ..... ...... ...... ..... ..... ...... ...... ..... ...... ...... ..... ...... 3 24
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26 4 State income taxes deducted by the entity to determine net income (see instructions) ... ...... ..... ....... .. 4 12345678 26
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28 5 Amounts from federal Schedules K-1, special allocations, and guaranteed payments (see instructions) .... ..... 5 12345678 28
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30 6 Add lines 1 through 5... ...... ..... ...... ...... ..... ...... ..... ...... ...... ..... ...... ...... ..... . 6 12345678 30
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32 7 Subtractions: Deferred foreign income (sec. 965) and delayed business interest ... ...... ..... ...... ...... .. 7 12345678 32
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34 8 State income tax refund included in income (see instructions) ...... ...... ..... ...... ..... ...... ...... ... 8 12345678 34
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36 9 One-fifth of the bonus depreciation that was added back in a year the Partnership filed Schedule PTE... ...... .9 12345678 36
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38 10 One-fifth of the section 179 expensing that was added back in 2019 for partners who were a nonresident and 38
39 elected to be included in the composite tax ..... ..... ...... ..... ...... ...... ...... ...... .... ...... .. 10 12345678 39
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41 11 Add lines 7 through 10 ... ..... ..... ...... ...... ...... ..... ...... ..... ....... ..... ...... ...... ... 11 12345678 41
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43 12 Subtract line 11 from line 6 ... ...... ..... ....... ..... ..... ...... ..... ...... ...... ...... ..... ...... 12 12345678 43
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45 13 Multiply line 12 by 9.85% (.0985), enter the result on Schedule PTE, line 28 . ..... ....... ...... ..... ..... . 13 12345678 45
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48 Include resident partners’ income and credit distribution information on Schedule PTE, Part 2. 48
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