Form 807 - Michigan Composite Individual Income Tax Return - 2011 Page 2
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22011 807, Page 2
Name of Partnership, S Corporation or Other Flow Through Entity
Federal Employer Identification Number
ADDITIONS
(see instructions)
26. Net income (loss) from rental real estate activities .............................................................................
26.
00
27. Net income (loss) from other rental activities .....................................................................................
27.
00
28. Portfolio Income (loss) (see instructions):
a. Interest income .............................................................................................................................. 28a.
00
b. Dividend income ............................................................................................................................ 28b.
00
c. Royalty income .............................................................................................................................. 28c.
00
d. Net short-term capital gain (loss) (from U.S. Schedule K)............................................................. 28d.
00
e. Net long-term capital gain (loss) (from U.S. Schedule K) .............................................................. 28e.
00
f. Other portfolio income ................................................................................................................... 28f.
00
29. Net gain (loss) under Section 1231 ....................................................................................................
29.
00
30. Other income from U.S. Schedule K ..................................................................................................
30.
00
31. State or local taxes measured by income...........................................................................................
31.
00
32. Other miscellaneous additions (attach schedule) ...............................................................................
32.
00
33. Total additions. Add lines 26 through 32. Enter here and on line 6 ....................................................
33.
00
SUBTRACTIONS
(see instructions)
34. Income (loss) from other partnerships, S corp. and fiduciaries included in ordinary income .............
34.
00
35. Other miscellaneous subtractions (attach schedule) ..........................................................................
35.
00
36. Total subtractions. Add lines 34 and 35. Enter here and on line 8 .....................................................
36.
00
MICHIGAN ALLOCATED INCOME OR (LOSS)
37. Guaranteed payments to participants for services performed in Michigan.........................................
37.
00
38. Income attributable to other Michigan partnerships, S corporations or fiduciaries .............................
38.
00
39. Net Michigan capital gains (losses) (from U.S. Schedule D) ..............................................................
39.
00
40. Other Michigan allocated income (loss) (see instructions) .................................................................
40.
00
41. Total Michigan allocated income (loss).
Add lines 37 through 40. Enter here and on line 12 ...........................................................................
41.
00
EXEMPTION ALLOWANCE
42. Number of participants included in this agreement ............................................................................
42.
43. Multiply line 42 by $3,700 (exemption allowance) ..............................................................................
43.
00
44. Total Michigan income from line 13 ....................................................................................................
44.
00
45. Total Distributive Income from Distributive Income Worksheet, page 4 .............................................
45.
00
46. Percent of income attributable to Michigan. Divide line 44 by line 45.
(must be between 0 and 100%)..........................................................................................................
46.
%
47. Apportioned exemption allowance. Multiply line 43 by the percentage on line 46.
Enter here and on line 17 ...................................................................................................................
47.
00
SEP, SIMPLE OR QUALIFIED PLAN SUBTRACTIONS (PARTNERS ONLY)
48. SEP, SIMPLE or qualified plan subtractions for participants (attach schedule) ..................................
48.
00
49. Percent of income attributable to Michigan from line 46.....................................................................
49.
%
50. SEP, SIMPLE or qualified plan subtractions attributable to Michigan.
Multiply line 48 by the percentage on line 49. Enter here and on line 18 ...........................................
50.
00
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