Michigan Tax Amnesty And Tax Returns Guide And Instructons Page 20
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41Line 14, Adjusted Proceeds. Subtract the total gain or
add the total loss on line 13, column f, to the gross
proceeds on line 13, column e. A loss on line 13, column
f, will increase the recapture.
Line 15, Apportioned Adjusted Proceeds if Taxable in
Another State. Multiply the amount on line 14 by the
apportionment percentage from Form C-8000H, line 16
or 19, whichever applies.
Part 4, Transfers Out of Michigan of All Depreciable
Real and Personal Property, Other Than Mobile
Tangible Assets, Acquired in Tax Years Beginning
After December 31, 1996 for Business Use in
Michigan That Were Eligible for a Capital
Acquisition Deduction.
Line 16, Columns a through e. Give all the information
required for each disposition in columns a through e.
Line 18, Apportioned Total Federal Basis. Multiply
the amount on line 17 by the apportionment percentage
from Form C-8000H, line 16 or 19, whichever applies.
Part 5, Total Recapture.
Line 19. Enter here and on your Single Business Tax
Annual Return (Form C-8000), line 35, or Single
Business Tax Simplified Return (Form C-8044), line 9, or
on your Notice of No Return Required (Form C-8030),
line 5, the total adjustment required as a recapture for the
capital acquisition deduction.
If taxable only in Michigan, add lines 5, 10, 14 and 17.
If taxable in another state, add lines 7, 11, 15 and 18.
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