Instructions For Form C-8000d, Recapture Of Capital Acquisition Deduction
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2Instructions for Form C-8000D,
Recapture of Capital Acquisition Deduction
Purpose: To adjust the tax base for the disposal or
4f by the percentage from Form C-8000H, SBT
transfer of depreciable real or personal property acquired
Apportionment Formula, line 16 or 19, whichever
in tax years beginning prior to January 1, 2000.
applies.
If the taxpayer disposed of depreciable real or personal
Line 7, Apportioned Adjusted Proceeds. If line 6 is
property that was acquired in tax years beginning on or
a gain, subtract it from 4e. If line 6 is a loss, add it to
after January 1, 1976 and before January 1, 2000,
4e.
complete this form and attach it to the annual return.
PART 2: Disposition of Depreciable Personal
Note: A sale of qualifying property reported on the
Property Acquired in Tax Years Beginning Before
installment method for federal income tax purposes
October 1, 1989
causes a recapture of the entire gross proceeds in the
Enter gross proceeds from all dispositions of
year of the sale. The recapture is reduced by any gain
depreciable personal property, wherever it is
reported in federal taxable income in the year of the
located, that was acquired on or after January 1, 1976
sale. The gain attributable to the installment sale that
and in tax years beginning before October 1, 1989.
is reported in subsequent years is subtracted from the
Line 8, Columns a through f. Give all the information
tax base for those years.
required for each disposition in columns a through f. **
Use Part 4 to compute the recapture for property moved
Line 9, Columns e and f. Enter the total gross
out of the state. If more space is needed, attach
proceeds in column e. In column f, enter the total gain
separate schedules.
or loss included in federal taxable income. Total gain
**Required information when including multiple
is before capital gain deduction.
dispositions as one entry: For all dispositions, Date
Line 10, Adjusted Proceeds. Subtract the total gain
Acquired must be the same and Date Sold or Date
or add the total loss on line 9, column f, to the gross
Transferred must be the same. All dispositions that
proceeds on line 9, column e. A loss on line 9, column f,
have variable dates must be listed separately.
will increase the recapture.
In Parts 1, 2 and 3 below, the calculation of gross
proceeds may be reduced by selling expenses.
Line 11, Apportioned Adjusted Proceeds if Taxable in
Another State. Multiply adjusted proceeds on line 10 by
Line 2, Account Number. Enter the same account
the capital acquisition apportionment percentage for the
number used on page 1 of the Annual Return.
current year from Form C-8000H, line 23.
PART 1: Disposition of Depreciable Real Property
PART 3: Disposition of Real and Personal Property
Acquired in Tax Years Beginning Before
That Was Sold or Otherwise Disposed of During the
October 1, 1989
Tax Year
Enter gross proceeds from all dispositions of
Include the following:
depreciable real property (property as described in
•
Property acquired in tax years beginning after
IRC Section 1250) located in Michigan that was
acquired on or after January 1, 1976 and in tax years
September 30, 1989 and before January 1, 1997
beginning before October 1, 1989.
•
Real and personal property acquired in tax years
beginning after December 31, 1996 and prior to
Line 3, Columns a through f. Give all the information
January 1, 2000, located in Michigan or moved into
required for each disposition in columns a through f.**
Michigan after acquisition
Line 4, Columns e and f. Enter the total gross
•
Mobile tangible assets acquired in tax years beginning
proceeds in column e. In column f, enter the total gain
after December 31, 1996 and prior to January 1, 2000,
or loss included in federal taxable income. Total gain
whether located in Michigan or outside Michigan.
is before capital gain deduction.
Mobile tangible assets are all of the following:
Line 5, Adjusted Proceeds. Subtract the total gain or
add the total loss on line 4, column f, to the gross
•
Motor vehicles that have a gross vehicle weight rating
proceeds on line 4, column e. A loss on line 4, column
of 10,000 pounds or more and are used to transport
f, will increase the recapture.
property or persons for compensation
Line 6, Apportioned Gains or (Losses). Multiply line
•
Rolling stock (railroad freight or passenger cars,
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