Form Instructions 4797 for Detroit Michigan 2024-2025

Form Instructions 4797 for Detroit Michigan: What You Should Know

NOTE OF CHANGE: See a discussion of Part III reporting from Form 4797.) Dec 21, 2025 — Form MI-4797 should no longer be used. For income tax purposes, a single adjusted basis, for real property, is treated as 1 million. DECEMBER 31, 2025 — Use Form MI-1040 to estimate Michigan income tax due on the amount on line 33 of Part II of Form 4797. Instructions for Form MI-1040 | Internal Revenue Service Instructions for Form MI-1040. Income Tax. (On the line corresponding to Form 4797, enter “MI-4315”.) (On the line corresponding to Form 4797, enter “MI-4611″.) (Note: This is only a partial correction. To report the entire amount of the exclusion or deduction, for property or business that is  purchased and placed in service in Michigan in any year, do not include it on line 33 of Form 4797. Continue by re-entering the 1 million  amounts on line 32 and filling in the portion of the exclusion based on  the basis of the property or business you report on Form 4797.) Instructions for Form MI-1040 | Internal Revenue Service Instructions for Form MI-1040. Income Tax. (On the line corresponding to Form 4797, enter “MI-4315”.) (On the line corresponding to Form 4797, enter “MI-4611″.) (Note: This is only a partial correction. To report the entire amount of the exclusion or deduction, for property or business that is  purchased and placed in service in Michigan in any year, do not include it on line 33 of Form 4797. Continue by re-entering the 1 million  amounts on line 32 and filling in the portion of the exclusion based on  the basis of the property or business you report on Form 4797.) For more information about your Michigan tax liability, contact the Department of Treasury's Taxpayer Assistance Center by calling or 877-TA-TAX).  Instructions for Form MI-1040 | Internal Revenue Service Instructions for Form MI-1040. Income Tax.

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