84-150: Nonbusiness Income Worksheet (2024)
Mississippi · Mississippi DOR · Used for tax years 2024
Mississippi Form 84-150 is a Nonbusiness Income Worksheet for reporting directly allocable gross income or loss and related expenses, both everywhere and in Mississippi. It calculates net nonbusiness income or loss for entry on Form 84-122.
What you'll need
The 2024 worksheet asks for the following information:
- Federal employer identification number (FEIN).
- 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.
Questions people ask
What does Form 84-150 calculate?
It calculates net nonbusiness income or loss after related expenses, with separate columns for amounts everywhere and amounts in Mississippi.
How do I calculate Column E?
Subtract Column C, related expenses everywhere, from Column A, allocable gross income or loss everywhere.
How do I calculate Column F?
Subtract Column D, Mississippi related expenses, from Column B, Mississippi allocable gross income or loss.
Where do the net income or loss totals go?
Enter the Column E total on Form 84-122, line 19. Enter the Column F total on Form 84-122, line 23.