Form 807 Draft - Michigan Composite Individual Income Tax Return

Distributive Income Worksheet

2011 807, Page 4

nonresident members.

Column A refers to Distributive Income categories from Schedule K form(s). Columns B and C refer to lines

on the U.S. Form 1065 Schedule K and U.S. Form 1120S Schedule K. Column D is the list of amounts that

Line 24: Pay. If line 22 plus line 23 is

are added to arrive at total distributive income that is reported on Form 807, line 45.

less than line 21, enter the balance of the

tax due. This is the tax owed with the

U.S. Form 1065

U.S. Form 1120S

Distributive Income

return. Enter any applicable penalties and

Distributive Income Categories

Schedule K

Amounts

interest in the spaces provided. Add tax,

Ordinary income (loss) from trade or business

penalty and interest together and enter

activity

the total on this line. Make check payable

to “State of Michigan.” Write the firm’s

Net income (loss) from rental real estate activity

FEIN, “Composite Return,” and the tax

Net income (loss) from other rental activity

year on the front of the check. To ensure

Portfolio income (loss):

accurate processing of your return, send

one check for each return type. If balance

Interest income

due is less than $1, no payment is required.

Dividend income

6a and 6b

5a and 5b

Line 25: Refund. If line 22 plus line 23

Royalty income

exceeds line 21, your overpayment will

be refunded.

Treasury will not refund

Net short-term capital gain (loss)

amounts less than $1.

Net long-term capital gain (loss)

Pay, mail your completed return with

Guaranteed payments

payment to:

Net gain (loss) under section 1231

Michigan Department of Treasury

P.O. Box 30207

Other income (loss)

Lansing, MI 48909

TOTAL DISTRIBUTIVE INCOME

Refund or zero return, mail your

Add all amounts in Column D and carry total to Form 807, line 45.

completed return to:

Michigan Department of Treasury

Michigan Allocated Income or Loss

P.O. Box 30058

Line 37: Enter

the

portion

guaranteed

payments

Lansing, MI 48909

attributable to services performed in Michigan by the nonresident

Additions

participants.

Line 38: Enter income or loss from other fiduciaries or other

Lines 26 through 30: Enter income from lines 2, 3c, 4,

flow-through entities attributable to Michigan that have not

5a, 5b, 6, 7, 8a, 9 and 10 of U.S. Form 1120S Schedule K and

been reported on another composite return. Attach a schedule

from lines 2, 3c, 4, 5a, 5b, 6, 7, 8a, 9 and 10 of U.S. Form

showing the amount of income or loss attributable to each.

1065 Schedule K. Guaranteed payments, income attributable to

Line 39: Enter gains/losses from the sale of real or personal

other Michigan fiduciaries or flow-through entities should be

property located in Michigan not subject to apportionment.

allocated to Michigan on lines 37 through 40. See instructions

below.

Line 40: Enter any other income (loss) allocated to Michigan.

Include any Michigan net operating loss deduction (NOLD).

Line 31: Enter the amount of state and local income taxes that

Attach schedules.

was used to determine ordinary income on U.S. Form 1065, line

22 or U.S. Form 1120S, line 21.

Exemption Allowance

Line 32: Enter other additions to income, such as gross

Line 45: Enter the total distributive income as determined

interest and dividends from obligations or securities of states

using the worksheet on this page.

and their political subdivisions other than Michigan.

Line 46: Compute the percentage of income attributable to

Subtractions

Michigan by dividing total Michigan income (line 44) by the

total distributive income (line 45). This figure may not exceed

Note: Charitable contributions and other amounts reported

100 percent.

as itemized deductions on U.S. Schedule A are not allowable

subtractions in determining Michigan taxable income.

SEP, SIMPLE or Qualified Plan Subtractions

Line 34: Enter income (loss) from other fiduciaries or other

(PARTNERS ONLY)

flow-through entities that is included in ordinary income.

Line 48: Figure the portions of Simplified Employee Pensions

Losses must be added back to ordinary income. Attach a

(SEP), Savings Incentive Match Plan for Employees (SIMPLE),

schedule showing the location of companies and amount of

or qualified plan subtractions which are attributable to the

income attributable to each.

participants. Attach a schedule showing calculations.

Line 35: Enter amounts such as interest from U.S. obligations

that are included in line 28a, and other deductions for AGI

For More Information

(above the line) that were not included in determining ordinary

For more information, visit Treasury’s Web site at

income. This includes section 179 depreciation and amounts

included on line 12[c][2] of U.S. Form 1120S Schedule K and

on line 13[c][2] of U.S. Form 1065 Schedule K. Also include

Michigan tax forms are available at

pension benefits paid to nonresident partners that were

included in ordinary income but are excluded from Michigan

Federal tax forms are available at

tax under section 114 of Title 4 of the U.S. Code. Attach a

schedule of all subtractions.

Form 807 Draft - Michigan Composite Individual Income Tax Return - 2011 Page 4

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