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Michigan Department of Treasury (Rev. 07-22), Page 1 of 2
MI-1041D
2022 MICHIGAN Adjustments of Capital Gains and Losses
Issued under authority of Public Act 281 of 1967, as amended.
Include this form with the fiduciary income tax return MI-1041. Type or print in blue or black ink.

For 2022 or taxable year beginning - 2022 , and ending .
MM-DD-2022 MM-DD-YYYY
Name of Estate or Trust Federal Employer Identification Number (FEIN)

PART 1: SHORT-TERM CAPITAL GAINS AND LOSSES D E
(ASSETS HELD ONE YEAR OR LESS) Federal Gain (Loss) Michigan Gain (Loss)
1. Combine short-term totals from MI-8949, line 2 and U.S. Form 1041
Schedule D, line 1a, column h............................................................ 1.
Federal Gain (Loss) Gain (Loss)
from Column h of from Column D Subject to
U.S. 1041 Schedule D Michigan Income Tax
2. Short-term capital gain or (loss) from U.S. Forms 4684, 6252, 6781,
and 8824............................................................................................. 2.
3. Enter net short-term gain or (loss) from partnerships, S corporations
and other estates or trusts.................................................................. 3.

4. Short-term capital loss carryover from 2021 ....................................... 4. ( ) ( )
5. Net short-term gain or (loss). Combine lines 1 through 4. Enter here
and on line 13, column A .................................................................... 5.

PART 2: LONG-TERM CAPITAL GAINS AND LOSSES D E
(ASSETS HELD MORE THAN ONE YEAR) Federal Gain (Loss) Michigan Gain (Loss)
6. Combine long-term totals from MI-8949, line 4 and U.S. Form 1041
Schedule D line 8a, column h............................................................. 6.
Federal Gain (Loss) Gain (Loss)
from Column h of from Column D Subject to
U.S. 1041 Schedule D Michigan Income Tax
7. Long-term capital gain or (loss) from U.S. Forms 2439, 4684, 6252,
6781, and 8824................................................................................... 7.
8. Enter net long-term gain or (loss) from partnerships, S corporations
and other estates or trusts.................................................................. 8.

9. Capital gain distributions .................................................................... 9.

10. Enter gain, if applicable, from U.S. Form 4797................................... 10.

11. Long-term capital loss carryover from 2021 ....................................... 11. ( ) ( )
12. Net long-term gain or (loss). Combine lines 6 through 11.
Enter here and on line 14, column A................................................... 12.

PART 3: SUMMARY OF PARTS 1 AND 2
A B C
Total Gain or (Loss) Fiduciary Beneficiary
Federal Michigan Federal Michigan Federal Michigan
13. Net short-term gain or (loss)
from line 5.................................
14. Net long-term gain or (loss)
from line 12..............................
15. Total net gain or (loss).
Combine lines 13 and 14 ..........
For resident estates and trusts if line 15, column A is a net loss continue to Part 4. If line 15, column A is a net gain, continue to Part 5.
For nonresident estates and trusts carry line 15, column B, Michigan column to Form MI-1041, Schedule NR, line 24 and then continue
to Part 4.
Continued on Page 2.

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2022 MI-1041D, Page 2 of 2                                                                                                             Federal Employer Identification Number (FEIN) 

PART 4: COMPUTATION OF CAPITAL LOSS LIMITATION                                                                                           D            E 
                                                                                                                                         Federal      Michigan 
16.  If line 15 column A, shows a net loss, enter the smaller of:
       (a)  the fiduciary’s share of net loss on line 15, column B; or
       (b)  $3,000 .........................................................................................................  16.  (             )  (                                ) 
     Note: When determining whether 16a or 16b is smaller, treat both numbers as if they were positive. 
     Resident estates and trusts complete Part 5. Nonresident estates and trusts carry line 16, Michigan column E to Form MI-1041 
     Schedule NR, line 27. 
     If the net loss on line 15, column A, is more than $3,000, or if the taxable income on U.S. Form 1041, page 1, line 23, is zero or 
     less, complete Part 6 to determine the loss carryover. 

PART 5:  COMPUTATION OF CAPITAL  ADJUSTMENT - FOR RESIDENT ESTATES OR TRUSTS 
Gains 
17.  Enter the fiduciary’s share of net gain from line 15, column B, federal column, as 
     a negative number; if a loss, enter “0”  ....................................................................  17.                (                                             ) 
18.  Enter the fiduciary’s share of net gain from line 15, column B, Michigan column, 
     as a positive number; if a loss, enter “0”.................................................................  18. 
Losses 
19.  Enter loss from line 16, federal column, as a positive number.  
     If no loss shows, enter “0”.  .....................................................................................  19. 
20.  Enter loss from line 16, Michigan column, as a negative number.  
     If no loss shows, enter “0”  ......................................................................................  20. 
Adjustment 
21.  Combine lines 17 through 20.  Enter the total here and on MI-1041, line 11  .......  21. 
PART 6: COMPUTATION OF CAPITAL LOSS 
CARRYOVERS FROM 2022 TO 2023                                                                                                             D            E 
Carryover Limit                                                                                                                          Federal      Michigan 
22.  Enter taxable income/loss from 2022 U.S. Form 1041, line 23, or U.S. Form 990-T, 
     Part I, line 11 in column D and MI-1041, line 12 in column E  ......................................  22. 
23.  Enter the loss from line 16 as a positive amount...................................................  23. 
24. Enter the amount from U.S. Form   1041, line 21, or U.S. Form990-T, Part I, line 8..                                      24. 
25.  Adjusted taxable income. Combine lines 22, 23 and 24. If less than zero, 
     enter “0”.  ................................................................................................................  25. 
26.  Enter the smaller of line 23 or 25...........................................................................  26. 

NOTE: Complete this section only if there is a loss shown on line 5 and line 15, column A. 
Short-Term Capital Loss Carryover 
27.  Enter the loss shown on Part 1, line 5 as a positive amount.  ................................  27. 
28.  Enter the gain, if any, from line 12. If that line is blank or shows a loss, 
     enter “0”.  ................................................................................................................  28. 
29.  Enter the amount from line 26, above.  ..................................................................  29. 
30.  Add lines 28 and 29...............................................................................................  30. 
31.  Short-term capital loss carryover to 2023.  Subtract line 30 from line 27. If less 
     than zero, enter “0”.  ...............................................................................................  31. 

NOTE: Complete this section only if there is a loss shown on line 12 and line 15, column A. 
Long-Term Capital Loss Carryover 
32.  Enter the loss shown on Part 2, line 12 as a positive amount .....................................  32. 
33.  Enter the gain, if any, from line 5. If that line is blank or shows a loss, 
     enter “0”.  ................................................................................................................  33. 
34.  Enter the amount from line 26. ..............................................................................            34. 
35.  Enter the amount, if any, shown on line 27............................................................              35. 
36.  Subract line 35 from line 34. If less than zero, enter “0”.  .......................................  36. 
37.  Add lines 33 and 36...............................................................................................  37. 
38.  Long-term capital loss carryover to 2023. Subtract line 37 from line 32. If less 
     than zero, enter “0”.  ...............................................................................................  38.

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2022 MI-1041D, Page 3
Instructions for Form MI-1041D
Adjustments of Capital Gains and Losses
When To File

Use this form to adjust Michigan taxable income if the estate Corresponding lines on MI-1041D and
or trust has capital gains or losses that are attributable to: U.S. 1041 Schedule D
1. Gains or losses from the sale of certain types of MI-1041D 2 3 4 5 7 8 9 10 11 12
properties located in other states and/or subject to U.S. 1041
4 5 6 7 11 12 13 14 15 16
Michigan’s allocation provisions. Gains or losses subject Schedule D
to Michigan’s apportionment provisions, refer to the
MI-1040H. Line 6: Combine the amount from MI-8949, line 4, and the
2. Periods before October 1, 1967 (Section 271 adjustment). amount from U.S. Form 1041 Schedule D, line 8a, column h.
If U.S. Forms 1041 Schedule D or 4797 were filed, and Michigan Information
an election to adjust under Section 271 of the Michigan Enter the portion of federal gain and loss subject to Michigan
Income Tax Act was made, file the equivalent Michigan tax in column E on lines 2, 3, 4, 5, 7, 8, 9, 10, 11 and 12.
forms (MI-1041D or MI-4797). All items of gain or loss
realized during the tax year must be included. Section 271 of the Michigan Income Tax Act. To apportion
under Section 271 multiply the gain (loss) in column E by the
3. Gains or losses from the sale or exchange of U.S.
number of months the property was held after September 30,
obligations that cannot be taxed by Michigan.
1967. Divide the result by the total number of months held.
Form MI-1041D must be included with the Michigan Enter the result in Michigan column E. For the purpose of this
Fiduciary Income Tax Return (MI-1041). computation, the first month is excluded if acquisition took
General Information place after the 15th, and the last month is excluded if disposal
took place on or before the 15th.
Page 1 of Form MI-1041D follows the pattern of page 1
of the U.S. Form 1041 Schedule D and all the information Gains from installment sales made before October 1, 1967,
necessary for completing it should be taken from the U.S. must show the federal gain in federal column D and zero in
Form 1041 Schedule D. Michigan column E. Gains or losses from installment sales
made after October 1, 1967, are subject to Michigan tax but
Rounding Dollar Amounts may be apportioned under Section 271.
Round down amounts of 49 cents or less. Round up amounts Distributions from employee’s pension, stock bonus or profit-
of 50 cents or more. If cents are entered on the form, they sharing trust plans that are considered to be long-term capital
will be treated as whole dollar amounts. gains (under IRC 402) and capital gains distributions are not
Identification eligible for Section 271 treatment. Enter the total gain in both
Enter the name of the estate or trust and the Federal Employer the federal and state columns.
Identification Number (FEIN) at the top of the MI-1041D. U.S. Obligations. Gains from the sale or exchange of some
U.S. obligations are not subject to tax and losses are not
Parts 1 and 2
deductible. Enter a zero in the Michigan column for gains
If U.S. Form 8949 Sales and Other Dispositions of Capital or losses realized from the sale of these non-taxable U.S.
Assets was filed, complete Form MI-8949 in the same obligations.
manner. Transfer the information to MI-1041D, following Any interest expense and other expenses incurred in the
Note:
the instructions on Form MI-1041D. If the U.S. Form 8949 production of income from U.S. obligations should be entered
discloses capital assets reported under Internal Revenue Code on MI-1041, line 32. (See MI-1041 instruction booklet for
(IRC) Sections 1245 and 1250, these assets must be reported line 32 on page 5.)
on MI-8949. Also, if capital assets are allocated to another
state, they are excluded from the portion subject to Michigan Capital gains or losses from the sale or exchange of municipal
income tax. A capital loss carryover from preceding years is bonds are taxable for Michigan residents.
entered as a short-term loss on line 4 or as a long-term loss Out-of-State Property. Gains from the sale of property located
on line 11. in another state are not subject to Michigan tax, and losses
are not deductible. Enter in the Michigan column the gain or
Federal Information
loss from the sale or exchange of (1) real property located in
Line 1: Combine the amount from MI-8949, line 2, and the Michigan, or (2) tangible personal property located in Michigan
amount from U.S. Form 1041 Schedule D, line 1a, column h. at the time of the sale or if the taxpayer was a Michigan resident
For lines 2, 3, 4, 5, 7, 8, 9, 10, 11 and 12 column D, enter estate or trust, or (3) intangible personal property sold by a
the amounts from U.S. Form 1041 Schedule D , for the Michigan resident estate or trust.
corresponding line numbers listed on the top of the next
column.

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2022 MI-1041D, Page 4 

Part 3: Lines 13, 14, and 15 
Column A:   Enter the corresponding  net  short-term  or    
long-term gain (loss) from column D (federal) and column E  
(Michigan) in the appropriate boxes. Combine lines 13 and 
14 and enter the result on line 15. 
Column B: Enter the share of short-term and long-term gains  
and losses retained by the fiduciary. Follow the instructions  
on the form for resident and nonresident estates and 
trusts. 
Column C: Enter the share   of short-term and long-term gains 
(losses)  distributed  to  the  beneficiaries.  Totals  on  line  15 
should equal the totals on Form MI-1041, Schedule 4, line 44. 
Part 6 
If the net loss on line 15, column A, is more than $3,000, 
or if the taxable income on U.S. Form  1041,  line 23 or  
U.S. Form 990-T, Unrelated Business  Taxable Income  is 
zero or less, complete this section to determine the capital 
loss carryover.

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