The web Browser you are currently using is unsupported, and some features of this site may not work as intended. Please update to a modern browser such as Chrome, Firefox or Edge to experience all features Michigan.gov has to offer.
What adjustments are made for capital gains and losses?
Adjustments of Capital Gains and Losses (Form MI-1041D) must be used for the following:
• Capital gains/loss election under Section 271 for property acquired before October 1, 1967;
• Sale or exchange of U.S. obligations which cannot be taxed by Michigan; or
• Sale or exchange of property subject to Michigan's allocation or apportionment provisions
Schedule 4, on the MI-1041 must be completed if a capital gain/loss is distributed to beneficiaries and MI-1041D is filed.