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Michigan Department of Treasury (Rev. 03-21), Page 1 of 2 

2021 MICHIGAN Adjustments of Capital Gains and Losses MI-1040D
Issued under authority of Public Act 281 of 1967, as amended. 

Include with Form MI-1040. Type or print in blue or black ink. 
Round all money items to whole dollars.                                                                                                            Attachment 15 
Filer’s First Name                     M.I. Last Name                                                         Filer’s Full Social Security No. (Example: 123-45-6789) 

If a Joint Return, Spouse’s First Name M.I. Last Name                                                         Spouse’s Full Social Security No. (Example: 123-45-6789) 

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 1040 
     Schedule D, line 1a, column h..............................................................       1. 

                                                                                                             Federal Gain (Loss) from      Gain (Loss) from Column D  
                                                                                                           Column h of U.S. Schedule D   Subject to Michigan Income Tax 
2.  Short-term gain from U.S. Form 6252, and short-term 
     gain (loss) from U.S. Forms 4684, 6781 and 8824...............................                    2. 
3.  Net short-term gain (loss) from partnerships, 
     S corporations and fiduciaries from Schedule K-1(s)  ...........................                  3. 

4.  Short-term capital loss carryover from 2020.........................................               4.  (                          )  (                             ) 

5.  Net short-term gain (loss), combine lines 1 through 4..........................                    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 1040 
     Schedule D, line 8a, column h..............................................................       6. 

                                                                                                             Federal Gain (Loss) from      Gain (Loss) from Column D 
                                                                                                           Column h of U.S. Schedule D   Subject to Michigan Income Tax 
7.   Gain from U.S. Form 4797; long-term gain from U.S. Forms 2439 and  
     6252; and long-term gain (loss) from U.S. Forms 4684, 6781 and 8824 ...                           7. 
8.  Net long-term gain (loss) from partnerships, 
     S corporations and fiduciaries from Schedule K-1(s)  ...........................                  8. 

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

10.  Long-term capital loss carryover from 2020 .........................................              10. (                          )  (                             ) 

11.  Net long-term gain (loss),combine lines 6 through 10  ..........................  11. 

PART 3: SUMMARY OF SHORT- AND LONG-TERM GAINS AND LOSSES                                                                     Col. F - Federal      Col. G - Mich. 
12.  Combine lines 5 and 11 of column D, and enter on line 12, column F.   
     Combine lines 5 and 11 of column E, and enter on line 12, column G.   
     GAIN. If line 12 is a gain, carry the gain amount in column F to Schedule 1,  
     line 12, and carry the gain amount in column G to Schedule 1, line 3. Nonresidents  
     and part-year residents, see instructions for Schedule NR, line 8  ................................         12. 
13.  LOSS. If line 12 shows a loss, enter in each column the smaller of  
     (a) The loss on line 12; or (b) $3,000 (if married filing separately, $1,500). Carry loss  
     amount in column F to Schedule 1, line 5, as a positive amount. Carry loss                        amount 
     in column G to Schedule 1, line 21, as a positive amount. Nonresidents and                        part-year 
     residents, see instructions for Schedule NR, line        8.......................................................13.  (                  )  (                     ) 

+ 0000 2021 65 01 27 0                                                                                                                        Continued on Page 2. 

2021 MI-1040D, Page 2 of 2 
                                                             Filer’s Full Social Security Number 

PART 4: COMPUTATION OF CAPITAL LOSS CARRYOVERS  
         FROM 2021 TO 2022                                                                                                    Col. F - Federal Col. G - Mich. 

14.  Enter amount from U.S. Form 1040, line 11  ..............................................................  14. 

15.  Enter amount from U.S. Form 1040, line 14..............................................................              15. 

16.  Taxable income (see instructions)  .............................................................................  16. 

17.  Enter the loss from line 13 as a positive amount....................................................  17. 

18.  Combine lines 16 and 17. If less than zero, enter “0”.............................................    18. 

19.  Enter the smaller of line 17 or line 18  .....................................................................  19. 

NOTE: If line 5 and line 13 are losses, go to line 20; otherwise, skip lines 20 through 24. 

20.  Enter the loss from line 5, columns D and E, as a positive amount  .......................  20. 

21.  Enter the gain, if any, shown on line 11, columns D and E.....................................                       21. 

22.  Enter the amount shown on line 19  ........................................................................  22. 

23.  Add lines 21 and 22................................................................................................  23. 
24.  Short-term capital loss carryover to 2022. 
     Subtract line 23 from line 20. If less than zero, enter “0”........................................                  24. 

NOTE: If line 11 and line 13 are losses, go to line 25; otherwise, skip lines 25 through 31. 

25.  Enter the loss from line 11, columns D and E, as a positive amount......................                             25. 

26.  Enter the gain, if any, from line 5, columns D and E...............................................                  26. 

27.  Enter the amount from line 19 ................................................................................       27. 

28.  Enter the amount, if any, from line 20.....................................................................          28. 

29.  Subtract line 28 from line 27. If less than zero, enter “0”........................................  29. 

30.  Add lines 26 and 29................................................................................................  30. 
31.  Long-term capital loss carryover to 2022. 
     Subtract line 30 from line 25. If less than zero, enter “0”........................................                  31. 

+ 0000 2021 65 02 27 8 

2021 MI-1040D, Page 3 
                      Instructions for Completing Form MI-1040D 
When to File                                                     For lines 2, 3, 4, 7, 8, 9 and 10, column D, enter the 
                                                                 amounts from U.S Form.          1040 Schedule  D   , for the 
NOTE:  Only use this form to adjust your Michigan taxable  
                                                                 corresponding line numbers listed below: 
income if you have capital gains or losses attributable to one  
of the following:                                                          Corresponding lines on MI-1040D and 
•    Gains or losses from the sale of certain types of                                U.S. Schedule D 
  properties located in other states and/or subject to           MI-1040D             2       3    4   7    8         9   10 
  Michigan’s allocation  provisions.  Gains or  losses 
  subject to Michigan’s apportionment provisions, refer to       U.S. Schedule D      4       5    6   11   12  13        14 
  the MI-1040H. 
                                                                 Line 6. The amount entered on this line includes a 
•    Periods before  October  1,  1967  (Section  271            combined  total  from  both  the  MI-8949,  line  4  and         
  adjustment).  If you file U.S. Form 1040 Schedule D or         U.S. Form 1040 Schedule D, line 8a, column h. 
  Form 4797 and you elect to adjust under Section 271 of 
  the Michigan Income Tax Act, you must file the                 Michigan Information 
  equivalent  Michigan forms (MI-1040D or MI-4797).              Enter the portion of federal gain and loss subject to 
  You must  include  all  items of gain or loss realized         Michigan  income  tax on  lines 2,  3, 4,  7,  8, 9  and 10, 
  during the tax year; or                                        column E. 
•     Gains or losses from the sale or exchange of U.S. 
                                                                 Section 271 of the Michigan Income Tax Act 
  obligations that cannot be taxed by Michigan. 
                                                                 To apportion under Section 271, multiply the gain or loss 
General Information 
                                                                 in column D by the number of months the property was 
Michigan Form MI-1040D follows the U.S. Schedule D and           held after September 30, 1967. Divide the result by the 
all the information necessary for completing Form MI-1040D       total number of months held. Enter the result in column E.  
should be taken from your U.S. Schedule D.                       For  the purpose  of this computation, the  first  month is 
Form  MI-1040D  computations  must  be  carried  to              excluded if acquisition took place after the 15th, and the 
Schedule 1 or Schedule NR as applicable. These forms             last month is excluded if disposal took place on or before 
must be included with your Form MI-1040.                         the 15th. 
Nonresidents and part-year residents, that are allocating        Gains from installment sales made before October 1, 1967, 
capital gains or losses, see instructions for Schedule NR,       must show federal gain in column D and zero in column E. 
line 8.                                                          Gains from installment sales made after October 1, 1967, 
Michigan business income (loss) includes the distributive        are subject to Michigan tax but may be apportioned under 
share of income (loss) from a flow-through entity, including     Section 271. 
net short-term and long-term capital gain (loss). Michigan       Gains or losses from the sale of property before              
business income subject to apportionment is to be reported       October 1, 1967 that have a federal excess business loss 
on the MI-1040H or included on Form MI-461 (if applicable),      limitation must make the adjustment on this form. 
do not use this form to apportion those gains or losses.         Part 3 
Rounding Dollar Amounts                                          Follow the instructions on Form MI-1040D to exclude 
Show money items as whole dollar amounts. Round down             portions of capital gains or losses that cannot be taxed by 
amounts less than 50 cents. Round up amounts of 50               Michigan. 
through 99 cents. Do not enter cents. 
                                                                 NOTE:  When figuring which negative number is smaller, 
Identification 
                                                                 treat both numbers as if they were positive.  Enter the 
Be sure  to enter your name(s) and  Social  Security             number on line 13 as a positive amount on Schedule 1. 
number(s) at the top of the form. 
                                                                 Part 4 
Parts 1 and 2 
                                                                 Part 4 is similar to the Capital Loss Carryover Worksheet 
Lines not listed are explained on the form. 
                                                                 from the U.S. Schedule D instructions. Follow the 
Federal Information                                              instructions on the MI-1040D. Enter federal figures in 
Line 1. The amount entered on this line includes a               column F and Michigan figures in column G.  
combined  total  from  both  the  MI-8949,  line  2  and         
U.S. Form1040  Schedule D, line 1a, column h.                    Line 16:In column F enter the result of subtracting line 15 
                                                                 from line 14. In column G enter the result of subtracting 
                                                                 MI-1040, line 13 from MI-1040, line 12. If either amount 
                                                                 is a loss, enter as a negative.