Michigan Modifications to Federal Return
Michigan Modifications to Federal Return
NOTE: Only use this form to adjust your Michigan taxable income if you have capital gains or losses attributable to one of the following:
-Gains or losses from the sale of certain types of properties located in other states and/or subject to the allocation and apportionment provisions; or
-Periods before October 1, 1967 (Section 271 adjustment). If you file US Form 1040 Schedule D or Form 4797 and you elect to adjust under Section 271 of the Michigan Income Tax Act, you must file the equivalent Michigan forms (MI-1040D or MI-4797). You must include all items of gain or loss relaized during the tax yer; or
-Gains or losses from the sale or exchange of US obligations that cannot be taxed by Michigan.
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