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Capital gains and dividends are not carrying over from Federal to State return for Michigan which taxes those as income.

 
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2 Replies
MaryK4
Employee Tax Expert

Capital gains and dividends are not carrying over from Federal to State return for Michigan which taxes those as income.

Michigan uses the federal AGI as the starting point, and the capital gains and dividends are adjustments on Schedule 1.  In TurboTax, you will be prompted to verify the taxable amount.  (See below.)

 

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Capital gains and dividends are not carrying over from Federal to State return for Michigan which taxes those as income.

Thanks, but those questions did not apply to my situation.  The MI state return is only showing our IRA deductions and pension payments.  The gains and dividends are not included. 

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