Schedule M1CRN Sequence #17 Credit for Nonresident Partners on Taxes Paid to Home State 2006 on the -2025

1. Click ‘Get Form’ to open it in the editor.
2. Begin by entering your first name, middle initial, and last name in the designated fields.
3. Input your Social Security number and state of residence accurately.
4. Review the eligibility requirements listed to ensure you qualify for the credit.
5. In line 1, enter the gain from the sale of your partnership interest that was taxed by both Minnesota and your state of residence.
6. For line 2, input your federal adjusted gross income as specified from your federal tax return.
7. Calculate the decimal result for line 3 by dividing line 1 by line 2, rounding to five decimal places.
8. Enter the tax amount from your state of residence's income tax return on line 4, excluding any local taxes.
9. Multiply the value from line 4 by the result from line 3 and enter it on line 5.
10. Complete lines 6 through 9 as instructed, ensuring all calculations are accurate before finalizing.

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