Michigan Adjustments Of Capital Gains And Losses Mi-1040d - 2016 Page 3
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2016 MI-1040D, Page 3
Instructions for Completing Form MI-1040D
Parts 1 and 2
When to File
Lines not listed are explained on the form.
NOTE: Only use this form to adjust your Michigan taxable
income if you have capital gains or losses attributable to one
Federal Information
of the following:
Line 1. The amount entered on this line includes a
• Gains or losses from the sale of certain types of
combined total from both the MI-8949, line 2 and
properties located in other states and/or subject to the
U.S. Form 1040 Schedule D, line 1a, column h.
allocation and apportionment provisions; or
For lines 2, 3, 4, 7, 8, 9 and 10, column D, enter the
• Periods before October 1, 1967 (Section 271
amounts from U.S. Form 1040 Schedule D, for the
adjustment). If you file U.S. Form 1040 Schedule D or
corresponding line numbers listed below:
Form 4797 and you elect to adjust under Section 271 of the
U.S. Schedule D
Michigan Income Tax Act, you must file the equivalent
Michigan forms (MI-1040D or MI-4797). You must
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include all items of gain or loss realized during the tax
5
year; or
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• Gains or losses from the sale or exchange of U.S.
1 1
obligations that cannot be taxed by Michigan.
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General Information
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Michigan Form MI-1040D follows the U.S. Schedule D and
all the information necessary for completing Form MI-1040D
Line 6. The amount entered on this line includes a
should be taken from your U.S. Schedule D.
combined total from both the MI-8949, line 4 and
Form MI-1040D computations must be carried to
U.S. Form 1040 Schedule D, line 8a, column h.
Schedule 1. Both forms (MI-1040D and Schedule 1) must
Michigan Gain or Loss
be attached to your Form MI-1040.
Enter the portion of federal gain and loss subject to
Do not include on this form any gains or losses included
Michigan income tax on lines 2, 3, 4, 7, 8, 9 and 10,
in the business income subject to apportionment on
column E.
Schedule H and reported on Schedule 1, line 4 or 13.
Part 3
Rounding Dollar Amounts
Follow the instructions on Form MI-1040D to exclude
Show money items as whole dollar amounts. Round down
portions of capital gains or losses that cannot be taxed by
amounts less than 50 cents. Round up amounts of 50
Michigan.
through 99 cents. Do not enter cents.
NOTE: When figuring which negative number is smaller,
Identification
treat both numbers as if they were positive. Enter the
Be sure to enter your name(s) and Social Security
number on line 13 as a positive amount on Schedule 1.
number(s) at the top of the form.
Part 4
Part 4 is similar to the Capital Loss Carryover Worksheet
from the U.S. Schedule D instructions. Follow the
instructions on the MI-1040D. Enter federal figures in
column F and Michigan figures in column G. On line 14,
column G, enter the same figure you entered in column F.
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