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Form Instructions 1040 (Schedule C) Minnesota Hennepin: What You Should Know

Additional Minnesota Information for Individual Business Tax Return β€” Tax Division β€” Tax Coordinating Council: You need the following information for tax return preparation. Additional Minnesota Information The following additional information will be presented to assist you in completing your Minnesota business income tax return for 2017. 1040 β€” Minnesota Income Tax Return Instructions (PDF) 2021 Minnesota Individual Income Tax Return (M1) Instructions (PDF) 2021 Minnesota Individual Income Tax Return (M1) (PDF) Sale or Transfer of Partnership or S Corp. Property Use Schedule C (Form 1040) to report the sales or dispositions of partnerships, S corporations, and trusts.Β Taxpayers who dispose of an S corp. asset must report the disposition in accordance with the applicable state tax laws. A copy of Schedule C (Form 1040), including a copy of Schedule C-EZ and other supporting schedules, is required. Additional Minnesota Information for Partnership and S Corp. Property The following additional information will be provided to assist you with the disposition of partnership or S corp. property. Additional Minnesota Information In addition, Schedule C, Schedule C-EZ, Form W-7B, or Form W-8 must be filed for each source of income reported, as follows: Form W-8 β€” Transfer of Partnership or S Corp. Property Form 1099-MISC β€” Miscellaneous Income for Partnerships and S Corporations Schedule E β€” 1099 Business Income Report Schedule F β€” 1099 Nonresident Alien Business Income Report Form 1099-MISC β€” Miscellaneous Income for Trusts Schedule F β€” 1099 Business Income Report Schedule M1 β€” Minnesota Business Estate Tax Return Schedule M2 β€” Trust Income Tax Return 2021 Minnesota Individual Income Tax Return (M1) Instructions (PDF) 2021 MN Individual Income Tax Return (M1) (PDF) 2021 Income Tax Return, Minnesota for Minnesota Businesses (PDF) 2021 Minnesota Individual Partnership or S Corp. Business Income Tax Returns (M1) (PDF) (File by the following January 5, 2022) 2021 Minnesota Individual Partnership or S Corp. Business Income Tax Returns (M1) Instructions (PDF) (File by the following January 5, 2022) 2021 Minnesota Individual Partnership or S Corp.

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