Do i need to file a Michigan tax return for 2nd home if we didn't make a profit. retired couple from Ohio

[ggretzin]

we purchased the home in 2017 for $74,900. Sold in 2018 for 90,000. Improvements totaled more than the profits. Do we need to file Michigan taxes? We are both retired and reside in Ohio. I received a form 1099S, but don't see where to enter the details on the Michigan form.

thank you. Laura

[Hal_Al · Accepted solution]

No. Since there was a loss, you have no MI income to report and do not need to file a MI return.

[ggretzin]

Thank you