Figures Needed for FTE Reporting
Apportionment Factor Calculation
- Michigan sales
- Total sales everywhere
Business Income
- Business Income
- Positive business income received from all other flow-through entities
Additions to Business Income
- Interest income and dividends derived from obligations or securities of states other than Michigan
- Losses on the sale or exchange of certain obligations of the U.S. government
- Charitable contributions
- Taxes on or measured by net income, including the flow-through entity tax
- Expenses of producing oil and gas
- Expenses related to income derived from a mineral
- Miscellaneous additions
Subtractions from Business Income
- Income derived from U.S. government obligations, including income from their sale or exchange
- Guaranteed payments for services rendered by individual member
- Refunds received under the flow-through entity tax or city income tax
- Income from the production of oil and gas
- Income derived from a mineral
- Miscellaneous subtractions
Reporting non-electing flow-through entity income
- Name of non-electing entity
- Total share of income
- Additions
- Subtractions
- Michigan apportionment factor
Reporting member information - corporations, insurance companies and financial institutions
- Name
- Share of income
- Michigan share of income
Reporting member information - individuals, fiduciaries and other flow-through entities
- Name
- Share of income
- Michigan share of income
- Share of flow-through entity tax eligible for credit