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See what's trending for the November 15th deadline (Form 990) and resources for the upcoming tax season. View Lacerte Hot Topics.
See what's trending for the November 15th deadline (Form 990) and resources for the upcoming tax season. View Lacerte Hot Topics.
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- Re: Fiduciary
Fiduciary
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Kathryn S
Level 2
03-13-2023
02:13 PM
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Is this correct, that the Minnesota Form M2 now taxes non-resident capital losses?
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Kathryn S
Level 2
03-13-2023
02:51 PM
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Thank you for responding. The new Form M2NM is pulling in the full Capital Loss on line 4 and it flows through to Form M2 as taxable income to Minnesota. I couldn't find anything to support this since interest and dividend income is not appearing on this schedule, even though there is a line for it also.
