Fillable 2020 M3, Partnership Return (Minnesota Department of Revenue)

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2020 M3, Partnership Return (Minnesota Department of Revenue)

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Partnership’s Name Federal ID Number Minnesota Tax ID Number
Doing Business as Former Name, if Changed Since 2019 Return
Mailing Address
Check if New Address
City State ZIP Code Number of Schedules KPI and KPC Number of Partners
Inial Composite Morethan80%of OutofBusiness InstallmentSaleofPass-
Check if:
Return Income Tax Income is from Farming LLC (see inst.) through Assets or Interests
1 Minimum fee from line 9 of M3A (see M3A inst., page 6) ................1
(enclose M3A)
2 Composite income tax for nonresident individual partners ..............2
(enclose Schedules KPI)
3
Minnesota income tax withheld for nonresident individual
partners. If you received a Form AWC from a partner, check box:
....3 (enclose Forms AWC)
4 Add lines 1 through 3 ..........................................................................4
5 Employer Transit Pass Credit not passed through to partners, limited
to the amount of the minimum fee on line 1 (enclose Schedule ETP) ...................................5
6 Tax Credit for Owners of Agricultural Assets not passed through to partners
limited to the amount of the minimum fee on line 1 .................................................6
Enter the cercate number from the cercate you received from the Rural Finance Authority:
AO
7 Add lines 5 and 6 ..............................................................................7
8 Subtract line 7 from line 4 (if result is zero or less, leave blank) ........................................8
9 Enterprise Zone Credit not passed through to partners ..................9
10 Esmated tax and/or extension payments made for 2020 ..............10
11 Add lines 9 and 10 ............................................................................11
12 Tax due. If line 8 is more than line 11, subtract line 11 from line 8 .....................................12
13 Penalty (see instrucons, page 4) ...............................................................13
14 Interest (see instrucons, page 4) ...............................................................14
15 Addional charge for underpayment of esmated tax (enclose Schedule EST) ...........................15
Round amounts to nearest whole dollar
9995
Connued next page
Public Law
86-272
2020 M3, Partnership Return
Tax year beginning (MM/DD/YYYY) ,and ending (MM/DD/YYYY)
/ / / /
*203011*
2020 M3, page 2
Partnership’s Name Federal ID Number Minnesota Tax ID Number
9995
16 AMOUNTDUE. If you entered an amount on line 12, add lines 12 through 15.
Check payment method:
Electronic (see inst., pg. 2), or
Check (see inst. pg. 2) ................16
17 Overpayment. If line 11 is more than the sum of lines 8 and 13
through 15, subtract lines 8 and 13 through 15 from line 11 (see instrucons, page 4) ....................17
18 Amount of line 17 to be credited to your 2021 esmated tax ............18
19 REFUND. Subtract line 18 from line 17 ...........................................................19
20 To have your refund direct deposited, enter the following. Otherwise, you will receive a check.
You must use an account not associated with any foreign banks.
Account type:
Checking
Savings
Roungnumber Account number (use an account not associated with any foreign banks)
SignatureofGeneralPartner Date(MM/DD/YYYY) Partner’sDaymePhone
Print Name of General Partner
EmailAddressforCorrespondence,ifDesired
This email address belongs to:
Employee
Paid Preparer
Other:
PaidPreparer’sSignatureifOtherthanPartner Preparer’sPTIN Date(MM/DD/YYYY) Preparer’sDaymePhone
IncludeacompletecopyofyourfederalForm1065,SchedulesKandK-1,andother
federalschedules.
Mail to: Minnesota Partnership Tax
Mail Staon 1760
St. Paul, MN 55145-1760
I authorize the Minnesota Department of Revenue to discuss
this tax return with the preparer.
I do not want my paid preparer to le my return electronically.
/ /
/ /
I declare that this return is correct and complete to the best of my knowledge and belief.
*203021*
All partnerships must complete M3A to determine its Minnesota source income and minimum fee. See M3A
instrucons beginning on page 6.
2020M3A,ApporonmentandMinimumFee
9995
A B C
InMinn. Total Factors(A÷B)
(carry to 5 decimal places)
Property
1 a Average value of inventory ...........1a
b Average value of buildings, machinery
and other tangible property owned....1b
c Average value of land owned ........1c
Total average value of tangible property
owned at original cost (add lines 1a-1c) ...1
2 Capitalized rents paid by partnership
(gross rents paid x 8) ...................2
3 Add lines 1 and 2 ......................3
Payroll
4 Total payroll, including guaranteed
payments to partners ...................4
Sales
5 Sales (including rents received) ...........5
MinimumFeeCalculaon
6 Total of lines 3, 4 and 5 in column A .......6
7 Adjustments (see instrucons, page 7) ....7 (Idenfy pass-through enty and enclose schedule.)
ScheduleKPCMUSTbeincluded.
8 Combine lines 6 and 7 ..................8
9 Minimum fee (determine using the amount
on line 8 and the table below) ............
9
Enter this amount on line 1 of your Form M3.
* The following partnerships do not have to pay a
minimum fee:
• Farm partnerships with more than 80 percent of
income from farming
If you are exempt from the minimum fee, leave
line 9 above and line 1 on Form M3 blank.
Minimum Fee Table
Ifline8ofM3Ais: yourminimumfeeis:
Less than $1,040,000 ................................. $0
$1,040,000 to $2,069,999 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $210
$2,070,000 to $10,379,999 ............................ $620
$10,380,000 to $20,749,999 .......................... $2,070
$20,750,000 to $41,499,999 .......................... $4,160
$41,500,000 or More ............................... $10,380
*203031*
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2020 M3, Partnership Return (Minnesota Department of Revenue)

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Completed 20 February 2022

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