MarilynG1
Expert Alumni

Deductions & credits

When you report the Sale of Rental Property in your Federal return, you may have a Capital Gain/Loss, which will be included in your Adjusted Gross Income amount.

 

In the Michigan interview, you may need to indicate the amount of Capital Gain/Loss that relates to the Michigan property sale as an 'Adjustment' from the amount that carries over from your Federal return. 

 

Here's more info from Michigan Dept. of Revenue.

 

@cladypage 

 

 

**Say "Thanks" by clicking the thumb icon in a post
**Mark the post that answers your question by clicking on "Mark as Best Answer"