Michigan Fiduciary Income Tax Return

Fiduciary Income Tax Return
2023 Michigan Fiduciary Income Tax Return
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MI-1041

Michigan Department of Treasury (Rev. 09-23), Page 1 of 3

2023 MICHIGAN Fiduciary Income Tax Return

Issued under authority of Public Act 281 of 1967, as amended. Penalty and interest apply for failure to file (see instructions).

Type or print in blue or black ink.
Amended return

OFFICE USE ONLY

Final return

a.
b.

1. For 2023, or taxable year beginning

MM-DD-2023

- 2023 , and ending

PART 1: NAME AND IDENTIFICATION
2. Name of Estate or Trust

3. Federal Employer Identification Number (FEIN)

4a. Name of Fiduciary

4b. Title of Fiduciary
5a. County

4c. Address of Fiduciary (Number, Street, or P.O. Box)

Estate Information

5b. Probate File No.

4d. City or Town

4e. State

6. Residency Status of Estate or Trust
a. Resident Estate
c. Resident Trust
b. Nonresident Estate *

.

MM-DD-YYYY

d. Nonresident Trust *

4f. ZIP Code

* If you check box “b”
or box “d,” you must
complete and include
MI-1041 Schedule NR.

5c. Date of Death (MM-DD-YYYY)

Trust Information
7. Date Trust Was Created (MM-DD-YYYY)

PART 2: INCOME AND ADJUSTMENTS (Include a copy of your U.S. Form 1041 and supporting schedules.)
8. Federal taxable income of fiduciary (from U.S. Form 1041 or U.S. Form 990-T).......................
9. Federal taxable income of Electing Small Business Trust (see instructions) .............................
10. Fiduciary’s share of Michigan net adjustments (from Schedule 3, line 42, column C, or
Schedule 1, line 40)....................................................................................................................
11. Capital gain or (loss) adjustment for resident estates or trusts (from MI-1041D, line 21) ..........
12. Taxable income. Combine lines 8 through 11 or enter amount from MI-1041 Schedule NR, line 28.
13. Tax. Multiply line 12 by 4.05% (0.0405). If line 12 is a negative number, enter “0” on line 13 ...

PART 3: CREDITS AND PAYMENTS

8.
9.

00
00

10.
11.
12.
13.

00
00
00
00

Amount

Credit

00 14b.
14. Income tax paid to another state (include copy of return). 14a.
15. Michigan Historic Preservation Tax Credit..................... 15a.
00 15b.
16. Total nonrefundable credits. Add 14b and 15b .................................................................. 16.

00
00
00

17.
18.
19.
20.
21.
22.

18.
19.
20.
21.
22.

00
00
00
00
00
00

23. 2023 AMENDED RETURNS ONLY. Taxpayers completing an original 2023 return should skip
to line 24. Enter refund and/or credit forward on the original return as a negative number. Enter
amount paid with the original return as a positive number, or “0” if applicable (see instructions)
23.

00

24. Total Refundable Credits and Payments. Add lines 18 through 23 ................................

00

Income tax. Subtract line 16 from line 13. If line 16 is greater than 13, enter “0” ............... 17.
Michigan Historic Preservation Tax Credit (refundable). ............................................................
Credit for allocated share of tax paid by an electing flow-through entity (see instructions)........
Income tax withheld (include MI-1041 Schedule W) ..................................................................
Michigan estimated tax and extension payments.......................................................................
2022 overpayments credited to 2023 .........................................................................................

PART 4: TAX DUE OR REFUND

25. If line 24 is less than line 17 enter TAX DUE.

24.

if applicable............ PAY 25.

00

26. If line 24 is greater than line 17, enter overpayment .......................................................... 26.

00

27. Amount of line 26 to be credited to your 2024 fiduciary return ................................................... 27.

00

28. Subtract line 27 from line 26.............................................................................. REFUND 28.

00

Include interest

and penalty

Continue on page 2. This form cannot be processed if page 2 is not completed and included.

2023 MI-1041, Page 2 of 3

Federal Employer Identification Number (FEIN)

SCHEDULE 1: NET MICHIGAN ADJUSTMENT FOR RESIDENT ESTATES OR TRUSTS
Additions
29. Gross interest and dividends from obligations issued by states other than Michigan
or their political subdivisions...........................................................................................................
30. Deduction for taxes imposed on or measured by income taken on U.S. Form 1041 and allocated
share of tax paid by an electing flow-through entity (see instructions) ............................................

29.

00

30.

00

31. Expenses included on U.S. Form 1041 attributable to income from sources outside of Michigan..
32. Expenses and interest incurred in production of income from U.S. government
obligations on U.S. Form 1041 ........................................................................................................

31.

00

32.

00

33. Other (Include supporting documentation) Describe:

33.

00

34. Total additions. Add lines 29 through 33 ...........................................................................

34.

00

Subtractions
35. Income from U.S. government bonds and other obligations to the extent included in
federal taxable income ................................................................................................................... 35.
36. Income attributable to another state.
Explain type and source:_________________________________________________________ 36.

00
00

37. Expenses related to obligations of other states not deducted on U.S. Form 1041 ........................................

37.

00

38. Other (Include supporting documentation) Describe:_________________________________

38.

00

39. Total Subtractions. Add lines 35 through 38 .....................................................................
40. Net Michigan Adjustment. Subtract line 39 from line 34. If no distribution to
beneficiaries, carry this amount to line 10. Otherwise, complete Schedules 2 and 3 .........

39.

00

40.

00

EXPLANATION OF CHANGES. If filing an amended return, complete this section.

41. Explain changes to income, deductions and credits. Show computations in detail and include a copy of the amended
U.S. Form 1041 and all supporting schedules.

SIGNATURES AND DECLARATIONS
I declare under penalty of perjury that the information in this return and attachments is true and
complete to the best of my knowledge.

I declare under penalty of perjury that this return is based on all
information of which I have any knowledge.

Signature of Fiduciary or Officer Representing Fiduciary

Preparer’s PTIN, FEIN or SSN

Date

By checking this box, I authorize Treasury to discuss my return with my preparer.

This return is due April 15, 2024, or on the 15th day of the fourth month
after the close of the tax year.
WITHOUT PAYMENT: Mail return to:
Michigan Department of Treasury
P.O. Box 30058
Lansing, MI 48909

WITH PAYMENT: Pay amount on
line 25. Mail check and return to:
Michigan Department of Treasury
Department 781041
P.O. Box 78000
Detroit, MI 48278

Preparer’s Name (print or type)
Preparer’s Signature
Preparer’s Business Name, Address and Telephone Number

Make check payable to “State of Michigan” and write the estate’s or trust’s FEIN and “2023 MI-1041” on the front of the check.
Continue on page 3. This form cannot be processed if page 3 is not completed and included.

2023 MI-1041, Page 3 of 3

Federal Employer Identification Number (FEIN)

Instructions: Complete Schedules 2, 3 and 4 as applicable. If additional space is needed, complete the Michigan Fiduciary Income Tax
Information Continuation Schedule (Form 5680).

SCHEDULE 2: BENEFICIARY IDENTIFICATION
A
Name and Residency Status
R= Resident
NR= Nonresident

Example:

Joseph Smith

R

B
Address

(Number, Street, Apt. #, City, State, ZIP Code)

C
Social Security number
or FEIN

123 Main Street, Anywhere, MI 12345

111-11-1111

a.
b.
c.
d.

SCHEDULE 3: ALLOCATION OF NET MICHIGAN ADJUSTMENT FOR RESIDENT ESTATES OR TRUSTS
Complete Schedule 3 only if adjustments were entered on Schedule 1.

Beneficiary
Identification
from
Schedule 2

Type of Income
(Dividend, Interest, Rent, etc.)

Location
(City, State)

C
Allocation
of Net
Percentage
Michigan
Adjustment
of Amount
(Multiply amount on line
in
40 by percentage in
Column A
Column B.)
B

A
Federal Distributable Net Income

Amount

a.

%

b.

%

c.

%

d.

%
%

42. Fiduciary’s Share..........................................................................................
43. Total. Include amounts from Form 5680 (if applicable).................................

100

%

SCHEDULE 4: CAPITAL GAIN OR (LOSS) DISTRIBUTED TO BENEFICIARIES WHEN FORM MI-1041D IS FILED

Schedule 4 must be completed for resident or nonresident estates and trusts if capital gains/losses were distributed to beneficiaries and a Michigan
Adjustments of Capital Gains and Losses (Form MI-1041D) was filed.

Beneficiary
Identification
from
Schedule 2
a.
b.
c.
d.
44. Total. Include
amounts from
Form 5680
(if applicable)

A

B

Federal
Gain or (Loss)

Michigan
Gain or (Loss)