Form Mi-1040d - Michigan Adjustment Of Capital Gains And Losses - 2012 Page 3
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32012 MI-1040D, Page 3
Instructions for Completing Form MI-1040D
Parts 1 and 2
When to File
Federal Information
NOTE: Only use this form to adjust your Michigan taxable
Line 1. Enter amount from MI-8949, line 2 in columns D
income if you have capital gains or losses attributable to one
and E.
of the following:
• Gains or losses from sale of certain types of properties
For lines 2, 3, 4, 7, 8, 9 and 10, Column D, enter the
located in other states and/or subject to the allocation and
amounts from U.S. Schedule D, for the corresponding line
apportionment provisions; or
numbers listed below:
• Periods before October 1, 1967 (Section 271
MI-1040D
U.S. Schedule D
adjustment). If you file U.S. Schedule D or Form 4797 and
2
4
you elect to adjust under Section 271 of the Michigan
3
5
Income Tax Act, you must file the equivalent Michigan
forms (MI-1040D or MI-4797). You must include all
4
6
items of gain or loss realized during the tax year; or
7
11
• Gains or losses from the sale or exchange of U.S.
8
12
obligations that cannot be taxed by Michigan.
9
13
10
14
General Information
Michigan Form MI-1040D follows the U.S. Schedule D
Line 6. Enter amount from MI-8949, line 4, in columns D
and all the information necessary for completing it should
and E.
be taken from your U.S. Schedule D.
Michigan Gain or Loss
Form MI-1040D computations must be carried to Michigan
Enter the portion of federal gain and loss subject to
Schedule 1. Both forms (MI-1040D and Michigan
Michigan income tax on lines 2, 3, 4, 7, 8, 9 and 10,
Schedule 1) must be attached to your Form MI-1040.
column E.
Do not include on this form any gains or losses included
Part 3
in the business income subject to apportionment on
Follow the instructions on Form MI-1040D to exclude
Schedule H and reported on Schedule 1, line 4 or 11.
portions of capital gains or losses that cannot be taxed by
Rounding Dollar Amounts
Michigan.
Show money items as whole dollar amounts. Round down
amounts less than 50 cents. Round up amounts of 50
NOTE: When figuring which negative number is smaller,
through 99 cents. Do not enter cents.
treat both numbers as if they were positive. Enter the
number on line 13 as a positive amount on Michigan
Identification
Schedule 1.
Be sure to enter your name(s) and Social Security
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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