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COMMISSIONERS RECORD MOWER COUNTY, MINNESOTA SPECIAL SESSION OF THE MOWER COUNTY BOARD OF COMMISSIONERS August 6, 2013, The Mower County Board of Commissioners in and for the County of Mower, Minnesota,
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What is minnesota met in special?
Minnesota MET in Special refers to the Minnesota Modified Accelerated Cost Recovery System (MACRS) for income tax purposes.
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Any taxpayer in Minnesota who is required to report depreciation on assets for income tax purposes is required to file Minnesota MET in Special.
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Minnesota MET in Special can be filled out by using the Minnesota MACRS depreciation schedule provided by the Department of Revenue.
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The purpose of Minnesota MET in Special is to calculate depreciation deductions for income tax purposes in Minnesota.
What information must be reported on minnesota met in special?
The taxpayer must report the cost basis of the asset, the recovery period, the method of depreciation, and the applicable depreciation rate on Minnesota MET in Special.
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