84-150: Nonbusiness Income Worksheet (2025)
Mississippi · Mississippi DOR · Used for tax years 2025
Mississippi Form 84-150 is a Nonbusiness Income Worksheet that calculates net nonbusiness income or loss for everywhere and for Mississippi. It lists directly allocable gross income or loss and related expenses, with net totals carried to Form 84-122, lines 19 and 23.
Questions people ask
What is Form 84-150 used to calculate?
The 2025 Nonbusiness Income Worksheet calculates net nonbusiness income or loss for directly allocable items by subtracting related expenses from allocable gross income or loss.
Which columns show income and expenses?
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 are the net amounts calculated?
Column E is Column A minus Column C, giving the net amount everywhere. Column F is Column B minus Column D, giving the net Mississippi amount.
Where do the worksheet totals go?
Enter the Column E total on Form 84-122, line 19. Enter the Column F total on Form 84-122, line 23.
What identifying information does the worksheet ask for?
The worksheet asks for the FEIN and the tax year beginning and ending dates. The date fields use month, day, and year.