How do I calculate my “Modified Taxable Income from Michigan?” Since I claimed a federal net operating loss deduction on my 2023 federal return due to a NOL Carryover from tax year 2022, Turbotax Home and Business (desktop version) is asking me to manually complete Michigan Form 1045 (Application for Michigan Net Operating Loss Refund) and then enter my “Modified Taxable Income from Michigan” into the software. I don’t see any term on the MI -1045 form itself (nor in the form’s instructions) that references “Modified Taxable Income.” Is the software asking me to enter my 2023 Michigan NOL which I calculated using the MI-1045 NOL form? Thank you.
