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    6                                                                                                                                             *247101*                              6
    7                                                                                                                                                                                   7
       2024 Schedule PTE, Pass-through Entity Tax
    8                                                                                                                                                                                   8
    9  Partnerships, Limited Liability Companies (LLCs), and S-Corporations: Complete Schedule PTE and file with Form M3 or M8 if you                                                   9
    10 are electing to file and pay tax at the entity level.                                                                                                                            10
    11                                                                                                                                                                                  11
    12 NAMEXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXX                                                                  123456789                    123456789                                 12
    13 Name of LLC, Partnership, or S corporation                                                                FEIN                         Minnesota Tax ID Number                   13
    14                                                                                                                                                                                  14
    15 Entity is a     X   Partnership     X    LLC          X             S corporation                                                                                                15
    16 Part 1. Tax Calculation. Complete this part to determine the pass-through entity tax due from the entity for qualifying owners. Complete lines 1                                 16
    17 through 27 with amounts attributable to shareholders and nonresident partners.                                                                                                   17
    18   1   80% of federal bonus depreciation (see instructions)                              ... ...... ..... ....... ..... ...... ..... ..... ...... ..   1        12345678          18
    19                                                                                                                                                                                  19
    20   2   Additions for foreign-derived intangible income (FDII) deduction  . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .   2      12345678          20
    21                                                                                                                                                                                  21
    22   3  This line intentionally left blank . ..... ...... ...... ..... ..... ...... ...... ..... ...... ...... ..... .....   3                                                      22
    23                                                                                                                                                                                  23
    24   4  State income taxes deducted by the entity to determine net income  (see instructions) .... ...... ....... ....   4                                        12345678          24
    25                                                                                                                                                                                  25
    26   5  Add lines 1 through 4... ...... ..... ...... ...... ..... ...... ..... ...... ...... ..... ...... ...... .....   5                                        12345678          26
    27                                                                                                                                                                                  27
    28   6  Minnesota apportionment factor (from line 5, column C, of Form M3A or Form M8A) .. ..... ....... ..... ...   6                                            12345678          28
    29                                                                                                                                                                                  29
    30   7  Multiply line 5 by line 6 ... ...... ...... ...... ..... ...... ..... ...... ..... ...... ...... ...... ..... ...  7                                      12345678          30
    31                                                                                                                                                                                  31
    32   8   Minnesota portion of amounts from Schedules K-1 (see instructions) ..... ...... ...... ...... ..... ...... ..   8                                        12345678          32
    33                                                                                                                                                                                  33
    34   9  Add lines 7 and 8 . ...... ...... ...... .... ...... ...... ...... ..... ...... ..... ...... ...... ...... ...    9                                       12345678          34
    35                                                                                                                                                                                  35
    36   10  Subtractions: Deferred foreign income (sec. 965) and delayed business interest . ...... ..... ...... ..... ...   10                                      12345678          36
    37                                                                                                                                                                                  37
    38   11  State income tax refund included in income (see instructions) ...... ...... ..... ...... ..... ...... ...... .   11                                      12345678          38
    39                                                                                                                                                                                  39
    40   12  Add lines 10 and 11 ... ...... ..... ...... ..... ...... ...... ...... ..... ...... ..... ...... ...... .....   12                                       12345678          40
    41                                                                                                                                                                                  41
    42   13  Multiply line 12 by line 6  ..... ..... ...... ...... ..... ....... ..... ..... ...... ..... ...... ...... ....   13                                     12345678          42
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    44   14  Subtract line 13 from line 9  ... ...... ..... ....... ..... ..... ...... ..... ...... ...... ...... ..... .....   14                                    12345678          44
    45   15  Amount on line 14 attributable to resident qualifying shareholders, nonresident qualifying shareholders,                                                                   45
    46      and nonresident qualifying partners whose Minnesota income tax liability is not satisfied by this entity                                                                    46
    47      level tax. ... ...... ..... ....... ..... ...... ..... ...... ..... ...... ...... ...... ..... ...... ..... .... 15                                       12345678          47
    48                                                                                                                                                                                  48
    49   16  For qualifying shareholders and qualifying partners whose attributes are included on line 15, enter one-fifth                                                              49
    50      of the bonus depreciation that was added back in a year the shareholder or partner elected to be included                                                                   50
    51      in the composite income tax or the entity filed Schedule PTE. ... ...... ..... ...... ...... ..... ...... ..... 16                                        12345678          51
    52                                                                                                                                                                                  52
    53   17  For qualifying shareholders and qualifying partners whose attributes are included on line 15, enter one-fifth                                                              53
    54      of the section 179 expensing that was added back in a year the shareholder or partner elected to be included                                                                54
    55      in the composite income tax or the entity filed Schedule PTE                           ... ...... ..... ....... ..... ...... ..... .....   17             12345678          55
    56                                                                                                                                                                                  56
    57   18  Add lines 16 and 17 ... ...... ..... ...... ..... ...... ...... ...... ..... ...... ..... ...... ...... ..... . 18                                       12345678          57
    58                                                                                                                                                                                  58
    59   19  Multiply line 18 by line 6 ... ...... ..... ....... ..... ...... ..... ..... ...... ...... ...... ..... ...... .   19                                    12345678          59
    60                                                                                                                                                                                  60
    61   20  Subtract line 19 from line 15 ... ...... ..... ....... ..... ...... ..... ...... ..... ...... ...... ...... ...   20                                     12345678          61
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    63                                                                                                99959995                                                                          63
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  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
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    4  2024 Schedule PTE, page 2                                                                                                                                                                                                     4
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    6                                                                                                                                                                                             *247201*6
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    9    21  Multiply line 20 by 9.85% (.0985) ... ...... ..... ....... ..... ...... ..... ..... ...... ...... ...... .....   21                                                                                   12345678          9
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    11   22  Subtract line 15 from line 14... ...... ..... ....... ..... ...... ..... ...... ..... ...... ...... ...... .... 22                                                                                    12345678          11
    12                                                                                                                                                                                                                               12
    13   23  For qualifying shareholders and qualifying partners whose attributes are included on line 22, enter one-fifth                                                                                                           13
    14     of the bonus depreciation that was added back in a year the shareholder or partner elected to be included in                                                                                                              14
    15     the composite income tax or the entity filed Schedule PTE ... ...... ..... ....... ..... ...... ..... ...... .. 23                                                                                      12345678          15
    16                                                                                                                                                                                                                               16
    17   24  For qualifying shareholders and qualifying partners whose attributes are included on line 22, enter one-fifth                                                                                                           17
    18     of the section 179 expensing that was added back in a year the shareholder or partner elected to be included                                                                                                              18
    19     in the composite income tax or the entity filed Schedule PTE.                                                                  ... ...... ...... ...... ..... ...... ..... ....   24                    12345678          19
    20                                                                                                                                                                                                                               20
    21   25  Add lines 23 and 24, multiply the result by line 6 ... ...... ..... ...... ...... ..... ...... ..... ...... ....   25                                                                                 12345678          21
    22                                                                                                                                                                                                                               22
    23   26  Subtract line 25 from line 22... ...... ..... ....... ..... ...... ..... ...... ..... ...... ...... ...... ...   26                                                                                   12345678          23
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    25   27  Multiply line 26 by 9.85% (.0985) ... ...... ..... ....... ..... ...... ..... ..... ...... ...... ...... .....   27                                                                                   12345678          25
    26                                                                                                                                                                                                                               26
    27  28  Enter the amount from Schedule PTE-RP line 13 . ..... ...... ...... ...... ..... ...... ...... ..... ...... . 28                                                                                       12345678          27
    28                                                                                                                                                                                                                               28
    29  29lines Add   21, and27,     28.                        Enter this amount Form or 2, 3line M8, line on Form M3,                                            .... ...... ..... ....... ..   29               12345678          29
    30                                                                                                                                                                                                                               30
    31 Part 2. Credit Distribution. Complete this part to identify the distribution of the PTE tax credit distributed to qualifying partners,                                                                                        31
    32 qualifying members, or qualifying shareholders.                                                                                                                                                                               32
    33                                                                                                                                                                                                                               33
    34                                                                                                                                                                                                                               34
    35                                                                                                                                                             Is owner’s                                                        35
    36                                                                                                                                                             Minnesota filing                                                  36
                                                                                                                                                                   requirement 
    37                                                                                                                                           Is the owner      fulfilled by                                                      37
    38                                                                                                                                           a Minnesota       Schedule PTE                                                      38
    39                                                                                                                                           resident?         (see inst.)?                 Share of income    Share of taxes    39
    40                                   Social Security Number            Name                                                                  (Yes/No)          (Yes/No)                     (see inst.)        paid (see inst.)  40
    41                        1 222-22-2222                                Nameeeeeeeeeeeeeee YESORNO                                                              YESORNO                      $ 12345678         $ 12345678        41
    42                                                                     eeeeeeeeeeeeeeeeee                                                                                                                                        42
    43                        2 222-22-2222                                Nameeeeeeeeeeeeeee                                                    YESORNO           YESORNO                      $ 12345678         $ 12345678        43
    44                                                                     eeeeeeeeeeeeeeeeee                                                                                                                                        44
    45                        3 222-22-2222                                Nameeeeeeeeeeeeeee YESORNO                                                              YESORNO                      $ 12345678         $ 12345678        45
    46                                                                     eeeeeeeeeeeeeeeeee                                                                                                                                        46
    47                        4 222-22-2222                                Nameeeeeeeeeeeeeee                                                    YESORNO           YESORNO                      $ 12345678         $ 12345678        47
    48                                                                     eeeeeeeeeeeeeeeeee                                                                                                                                        48
    49                        5 222-22-2222                                Nameeeeeeeeeeeeeee YESORNO                                                              YESORNO                      $ 12345678         $ 12345678        49
    50                                                                     eeeeeeeeeeeeeeeeee                                                                                                                                        50
    51                        6 222-22-2222                                Nameeeeeeeeeeeeeee                                                    YESORNO           YESORNO                      $ 12345678         $ 12345678        51
    52                                                                     eeeeeeeeeeeeeeeeee                                                                                                                                        52
    53                        7 222-22-2222                                Nameeeeeeeeeeeeeee YESORNO                                                              YESORNO                      $ 12345678         $ 12345678        53
    54                                                                     eeeeeeeeeeeeeeeeee                                                                                                                                        54
    55                        8 222-22-2222                                Nameeeeeeeeeeeeeee                                                    YESORNO           YESORNO                      $ 12345678         $ 12345678        55
    56                                                                     eeeeeeeeeeeeeeeeee                                                                                                                                        56
    57                        9 222-22-2222                                Nameeeeeeeeeeeeeee YESORNO                                                              YESORNO                      $ 12345678         $ 12345678        57
    58                                                                     eeeeeeeeeeeeeeeeee                                                                                                                                        58
    59   10 222-22-2222                                                    Nameeeeeeeeeeeeeee                                                    YESORNO           YESORNO                      $ 12345678         $ 12345678        59
    60                                                                     eeeeeeeeeeeeeeeeee                                                                                                                                        60
    61                                                                                                                                                                                                                               61
       If there are more than 10 partners, members, or shareholders, attach additional Parts 2 reporting information for those additional owners.
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    63                                                                                                                                           9995                                                                                63
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