84-161: Tax Credit For Income Tax Paid By Electing Pass-Through Entity (2025)
Mississippi · Mississippi DOR · Used for tax years 2025
Mississippi Form 84-161 reports Mississippi taxable income and taxes paid on your behalf by electing pass-through entities. It calculates the credit claimed for those taxes and any excess credit.
Who files this form
Complete Form 84-161 if you are filing a composite or electing pass-through entity return and received credit for taxes paid on your behalf by another electing pass-through entity in which you are an owner, member, shareholder, or partner.
What you'll need
- The Mississippi K-1s you received from electing pass-through entities. You must attach these to the return.
- Each entity’s name, FEIN, Mississippi taxable income, and amount of taxes paid on your behalf.
- Your net income tax due from Form 83-105, page 1, line 8, or Form 84-105, page 1, line 8, to enter on line 4.
Common mistakes
Do not leave out the Mississippi K-1s received from electing pass-through entities. The form requires you to attach them to the return.
Questions people ask
How do I include totals from supplemental pages?
Enter the totals of columns C and D from supplemental pages on page 1, line 2. Add lines 1C and 2C for line 3C, and lines 1D and 2D for line 3D.
Where do I report the total taxes paid on my behalf?
Include the amount from line 3D on Form 83-105, page 1, line 12, or Form 84-105, page 1, line 12.
How much credit do I claim on line 5?
Enter the lesser of line 3D, the total taxes paid on pass-through entity returns, or line 4, your net income tax due.
How do I calculate excess credit?
Subtract the credit claimed on line 5 from the total taxes paid on line 3D. Enter the result on line 6.