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Category: Michigan

Michigan Additions to Income

Interest and Dividend Obligations Other than MI

Enter gross interest, dividends, and income from obligations or securities of states and their political subdivisions other than Michigan. Add this income even if it comes to you through a partnership, S Corporation, estate, or trust. You may reduce this income be related expenses not allowed as a deduction by Section 265(a)(1) of the Internal Revenue Code.


Self-employment Tax

Enter the deduction taken for self-employment tax on your federal return and for other taxes on or measured by income, such as your share of city income tax paid by partnerships or S corporations, or your share of the taxes paid by an estate or trust. 


Other Losses Attributable to Other States

Enter losses from a business or property located in another state which you own as a sole proprietor, a partner in a partnership, a shareholder in an S corporation, or as a member of a pass-through entity. If your business is taxed by both Michigan and another state, the loss must be apportioned.


Other Additions to Federal AGI:

* Add, to the extent not included in Adjusted Gross Income (AGI), the amount of money withdrawn in the tax year from a Michigan Education Savings Program (MESP) account if the withdrawal was not a qualified withdrawal as provided in the MESP Act. You may first exclude any amount that represents a return of contributions for which no deduction was claimed in any prior tax year.


* Amount of Net Operating Loss (NOL) deduction (NOL carryforward) used to reduce AGI.


* Refund received from a Michigan Education Trust (MET) contract. If you deducted the cost of a MET contract in previous years and received a refund from MET during 2011 because the MET contract was terminated, then enter the smaller of: (1) the refund you received or (2) the amount of the original MET contract price (including the application and processing fees) which you deducted in previous years.


For additional information pertaining to Michigan Additions to Income, please click here.