Treasury is reviewing the recently enacted tax law changes, including the new Marijuana Wholesale Tax. Developing clear and accurate information for tax stakeholders is our top priority. This guidance will be posted to our website in the coming weeks.
Is a distribution from a Roth IRA an allowable subtraction?
No, distributions from a Roth IRA cannot be subtracted on the Michigan return as they have already been excluded from the adjusted gross income on your federal return.