Michigan Department of Treasury
4746 (04-21), Page 1                                                        FEIN or TR Number
                                                           UBG Member FEIN or TR Number

                                             Business Income Worksheet
Complete the appropriate parts below, based on the person’s organization type. Part 1 is for an Individual or Fiduciary; Part 2 is for a C Corporation (or a 
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this worksheet to account properly for such uncommon situations. Complete and attach this worksheet to your return. Unitary Business Groups (UBG) must 
complete and attach a worksheet for each member.

PART 1: INDIVIDUALS AND FIDUCIARIES
1.  U.S. Form 1040, Schedule C or C-EZ  QHW SUR¿W ORVV............................................................................................                  1.   00
2.  U.S. Form1040, Schedule D, gain/loss  (a).............................................................................................................          2.   00
3.  U.S. Form 1040, Schedule E, line 26 rent and royalty income/loss ......................................................................                         3.   00
4.  U.S. Form4797 gain/loss not included in Schedule D  (a).......................................................................................                  4.   00
5.  'RPHVWLF 3URGXFWLRQ $FWLYLWLHV GHGXFWLRQ EDVHG RQ ,5& †     UHSRUWHG RQ 8 6  )RUP     , to the extent 
    deducted from federal taxable income  (d)...............................................................................................................        5.   00
6.  Other Income. Include an attachment explaining this line. ....................................................................................                  6.   00
7.  Total business income before adjustment. Add lines 1 through 6 .....................................................................                            7.   00
8.  $GMXVWPHQWV GXH WR GHFRXSOLQJ RI 0LFKLJDQ GHSUHFLDWLRQ IURP VHFWLRQ     N  RI ,5&  ,I DGMXVWPHQW LV QHJDWLYH  
    enter as negative:
    a. 1HW ERQXV GHSUHFLDWLRQ DGMXVWPHQW (b) .............................................................................................................          8a.  00
    b. *DLQ ORVV DGMXVWPHQW RQ WKH VDOH RI DQ HOLJLEOH GHSUHFLDEOH DVVHW (c) ..............................................................                         8b.  00
9.  Add lines 8a and 8b.  If negative, enter as negative..............................................................................................              9.   00
10. Total business income after adjustment.  Add lines 7 and 9.  Carry amount to Form 4567, line 28. 
    For a UBG member, carry amount to Form 4580, Part 2A, line 30 .......................................................................                           10.  00

PART 2: C CORPORATIONS
11. Federal taxable income from U.S. Form      .......................................................................................................              11.  00
12. 'RPHVWLF 3URGXFWLRQ $FWLYLWLHV GHGXFWLRQ EDVHG RQ ,5& †     UHSRUWHG RQ 8 6  )RUP     , to the extent 
    deducted from federal taxable income  (d)...............................................................................................................        12.  00
13. Miscellaneous. Include an attachment explaining this line ....................................................................................                  13.  00
14. Total business income before adjustment.  Add lines 11, 12 and 13 ...............................................................                               14.  00
15. $GMXVWPHQWV GXH WR GHFRXSOLQJ RI 0LFKLJDQ GHSUHFLDWLRQ IURP VHFWLRQ     N  RI ,5&  ,I DGMXVWPHQW LV QHJDWLYH  
    enter as negative:
    a. 1HW ERQXV GHSUHFLDWLRQ DGMXVWPHQW (b) .............................................................................................................          15a. 00
    b. *DLQ ORVV DGMXVWPHQW RQ WKH VDOH RI DQ HOLJLEOH GHSUHFLDEOH DVVHW (c) ..............................................................                         15b. 00
16. Add lines 15a and 15b.  If negative, enter as negative..........................................................................................                16.  00
17. Total business income after adjustment.  Add lines 14 and 16.  Carry amount to Form 4567, line 28. 
    For a UBG member, carry amount to Form 4580, Part 2A, line 30 .......................................................................                           17.  00

PART 3: PARTNERSHIPS AND S CORPORATIONS
18. U.S. Form 1065, or     6 6FKHGXOH ., Income (loss):
    a. Ordinary income/loss ....................................................................................................................................... 18a. 00
    b. Net real estate rental income/loss ...................................................................................................................       18b. 00
    c. Net other rental income/loss ............................................................................................................................    18c. 00
    d. Interest, dividend, and royalty income .............................................................................................................         18d. 00
    e. Net short-term gain/loss ..................................................................................................................................  18e. 00
    f. Net long-term gain/loss....................................................................................................................................  18f. 00
    g. Other portfolio income/loss ..............................................................................................................................   18g. 00
    h. Guaranteed payments to partners or wages paid to a member of a LLC Partnership ....................................                                          18h. 00
    i. Other net gain/loss under section 1231 ...........................................................................................................           18i. 00
    M  Other income. Include an attachment explaining this line ...............................................................................                       M  00
19. Total income/loss. $GG OLQHV   D WKURXJK   M ......................................................................................................             19.  00

                                                                                                                                                                         Continued on Page 2

4746, Page 2                                                                 FEIN or TR Number
                                                            UBG Member FEIN or TR Number

PART 3: PARTNERSHIPS AND S CORPORATIONS (CONT.)
 20. U.S. Form 1065 or     6  6FKHGXOH ., Deductions:
     a. Charitable contributions ...................................................................................................................................           20a. 00
     b. Section 179 expense .......................................................................................................................................            20b. 00
     c. Deductions related to portfolio income ............................................................................................................                    20c. 00
     d. 2WKHU GHGXFWLRQV  H[FOXGLQJ GHGXFWLRQV IRU GRPHVWLF SURGXFWLRQ DFWLYLWLHV  ,5& †      (d) Include an attachment 
        explaining this line. ................................................................................................................................................ 20d. 00
 21. Total deductions. Add lines 20a through 20d ......................................................................................................                        21.  00
 22. Total business income before adjustments. Subtract line 21 from line 19 .......................................................                                           22.  00
 23. $GMXVWPHQWV GXH WR GHFRXSOLQJ RI 0LFKLJDQ GHSUHFLDWLRQ IURP VHFWLRQ     N  RI ,5&  ,I DGMXVWPHQW LV QHJDWLYH  
     enter as negative):
     a. 1HW ERQXV GHSUHFLDWLRQ DGMXVWPHQW (b) .............................................................................................................                    23a. 00
     b. *DLQ ORVV DGMXVWPHQW RQ WKH VDOH RI DQ HOLJLEOH GHSUHFLDEOH DVVHW (c) ..............................................................                                   23b. 00
 24. Add lines 23a and 23b.  If negative, enter as negative..........................................................................................                          24.  00
 25. Total business income after adjustment.  Add lines 22 and 24. Carry amount to Form 4567, line 28. 
     For a member of a UBG, carry amount to Form 4580, Part 2A, line 30 ................................................................                                       25.  00

(a) U.S. Forms 1040D and 4797: Report only gains or losses from assets used in a business activity.  Do not include personal gains and losses.
 
(b)  For the computation of business income for Michigan Business Tax (MBT) purposes, persons who claimed a federal special depreciation deduction 
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 federal return over the years (starting the year the asset was placed in service and ending on the current tax year) if the person had elected not to utilize 
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 beginning before January 1, 2018. In any case, to the extent a deduction was taken in this tax year’s federal taxable income, report that deduction here.