83-150: Nonbusiness Income Worksheet (2024)
Mississippi · Mississippi DOR · Used for tax years 2024
Mississippi Form 83-150 is the 2024 Nonbusiness Income Worksheet. It lists directly allocable gross income or loss and related expenses for everywhere and Mississippi, then calculates net nonbusiness income or loss.
Questions people ask
What identifying information does the worksheet ask for?
The 2024 worksheet asks for your FEIN and the beginning and ending dates of your tax year. The date fields use month, day, and year.
How are income and expenses organized?
For directly allocable items, columns A and B show allocable gross income or loss. Columns C and D show related expenses. Columns A and C are for amounts everywhere; columns B and D are for Mississippi amounts.
How do I calculate the amounts net of related expenses?
For column E, subtract column C from column A. For column F, subtract column D from column B.
Where do I enter the net nonbusiness income or loss totals?
Enter the column E total on Form 83-122, line 17. Enter the column F total on Form 83-122, line 21.