Generating Minnesota Form M1PR in the Individual Module of Lacerte

How to generate Minnesota (MN) Form M1PR starting in tax year 2024:

For tax year 2024, the M1PR has been redesigned. Use M1PR-SR for Special Refund, use M1RENT, for the Renter's Credit, and the M1PR for the Homestead Credit Refund (for Homeowners).

To generate Form MN M1PR for Homestead Credit Refund for Homeowners:

1. Go to Screen 53.221 Minnesota Household Income/Schedule M1PR.
2. Complete the Minnesota Household Income (M1PR) section.
3. From the top left section select Statement of Property Taxes Payable to switch to Screen 53.226.
4. Complete the Statement of Property Taxes Payable section.
5. Scroll down to the Property Amounts section.
6. Select the type of property from the Property class drop down menu.
7. Complete all applicable fields under the Property Amounts and Credits and Property Tax Dollars Allocations (Memorandum Entries Only) subsections.
8. When previewing the return on the Forms tab this'll show under State: MN M1PR.

*Note- MN M1PR for homeowners will only generate if the Taxpayer is not a dependent on another person's return, the total household income (line 8) is less than $107,930 and the Refund amount is greater than 0.

To generate Form MN M1PR-SR for Special Refund

1. Go to Screen 53.221 Minnesota Household Income/Schedule M1PR.
2. Complete the Minnesota Household Income (M1PR) section.
3. Complete the Minnesota Schedule M1PR-SR, Special Refund section.
4. From the top left section select Statement of Property Taxes Payable to switch to Screen 53.226.
5. Complete the Statement of Property Taxes Payable section.
6. Scroll down to the Property Amounts section.
7. Select the type of property from the Property class drop down menu.
8. Complete all applicable fields under the Property Amounts and Credits and Property Tax Dollars Allocations (Memorandum Entries Only) subsections.
9. When previewing the return on the Forms tab this'll show under State: MN M1PR.

To generate Form MN M1RENT for Homestead Credit Refund for Renters:

1. Go to Screen 53.225, Minnesota Certificate of Rent Paid.
2. Complete the Certificate of Rent Paid section.
3. Scroll down to the Rental Amounts section.
4. Complete all applicable fields pertaining to the CRP.
   Note: Mandatory entries to generate the M1RENT are:
   - "Number of units on this property"
   - "Number of adults living in unit (count married couple as 1)"
   - "Rent amount paid in 20YY by individual or married couple renters" (where YY is the tax year end)
   - "Total months rented"
5. When previewing the return on the Forms tab this'll show under State: MN.

*Note- MN M1RENT for renters will only generate if the Taxpayer is not a dependent on another person's return, the total household income (line 8) is less than $58,490 and the Refund amount is greater than 0.