Form MI-8949 Michigan Sales and Other Dispositions of Capital Assets - Michigan

What Is Form MI-8949?

This is a legal form that was released by the Michigan Department of Treasury - a government authority operating within Michigan. As of today, no separate filing guidelines for the form are provided by the issuing department.

FAQ

Q: What is Form MI-8949?
A: Form MI-8949 is a form used in the state of Michigan to report sales and other dispositions of capital assets.

Q: Who needs to file Form MI-8949?
A: Anyone who has made sales or other dispositions of capital assets in Michigan during the tax year needs to file Form MI-8949.

Q: What information is required to complete Form MI-8949?
A: To complete Form MI-8949, you will need to provide details about each capital asset sold or disposed of, including the date of sale, the sale price, and your cost or other basis in the asset.

Q: When is the deadline to file Form MI-8949?
A: The deadline to file Form MI-8949 is the same as the deadline to file your Michigan individual income tax return, which is typically April 15th.

Q: Are there any exceptions or special rules for filing Form MI-8949?
A: There may be exceptions or special rules for certain types of capital assets, such as like-kind exchanges or involuntary conversions. It is important to consult the instructions for Form MI-8949 or seek professional tax advice to ensure compliance with any applicable exceptions or special rules.