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Investors & landlords
Michigan has a specific treatment for a Mobile Home. Please note the following instructions that are found on Michigan's website: Michigan Homestead Credit
Mobile Home Park Resident – You may claim $3 per month specific tax up to a maximum of $36 and 23% of the yearly rent amount less the specific tax (maximum $36). If you paid additional taxes on attached buildings (garage, tool shed, etc.), then you may also claim that amount.
For the purposes of this credit you rent for $340/month. You will be allowed to claim 23% of that amount minus the specific tax of $36. The total is just over $902, plus any additional taxes for attached buildings. The trailer park would have this information for you if you need it.
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June 3, 2019
1:11 PM