83-150: Nonbusiness Income Worksheet (2025)
Mississippi · Mississippi DOR · Used for tax years 2025
Mississippi Form 83-150 is a Nonbusiness Income Worksheet that calculates net nonbusiness income or loss everywhere and in Mississippi by subtracting related expenses from allocable gross income or loss. The totals are entered on Form 83-122, lines 17 and 21.
What you'll need
The worksheet calls for:
- Your FEIN.
- Your tax year beginning and ending dates.
- Allocable gross income or loss for directly allocable items, both everywhere and in Mississippi.
- Related expenses, both everywhere and in Mississippi.
The worksheet also directs you to transfer its totals to Form 83-122.
Questions people ask
What does this worksheet calculate?
It calculates net nonbusiness income or loss by subtracting related expenses from allocable gross income or loss for directly allocable items.
How do I calculate the everywhere amount?
Subtract Column C, related expenses everywhere, from Column A, allocable gross income or loss everywhere. Enter the result in Column E.
How do I calculate the Mississippi amount?
Subtract Column D, Mississippi related expenses, from Column B, Mississippi allocable gross income or loss. Enter the result in Column F.
Where do the worksheet totals go?
Enter the Column E total on Form 83-122, line 17. Enter the Column F total on Form 83-122, line 21.