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CoCounsel Legal
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CLEAR
Powerful software designed for law enforcement, compliance, risk, and fraud investigators. Conduct thorough investigations with ease using our intuitive online investigation software. Efficiently, prevent, detect, and solve crime.
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Ghosts on the ledger
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Future of professionals report 2025
The Thomson Reuters Future of Professionals Report 2025 reveals how AI continues to shape professional work — and what it takes to get ahead. This year’s report shows that increased efficiency, productivity, and cost savings top the list of benefits professionals attribute to AI, making it indispensable for organizations facing rapid change.
Screen MIK1Sale - Michigan Sale of 1065 and 1120S Section 179 Assets (1040)
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Overview
Use this screen to review information that transferred automatically from federal K1Sale Screen.
General Information
Use this section to review MI 1065 / 1120S Section 179 Sale general information that transfers automatically to this screen from federal K1Sale Screen.
Percent subject to Michigan tax for assets acquired prior to October 1, 1967 (Force)
UltraTax CS calculates the percentage of this sale subject to Michigan tax determined by the purchase date and the postal code entered. Sales with postal code
MI
and a purchase date before October 1, 1967 are apportioned by the days after October 1, 1967 to the total days owned. Enter an amount to override the calculated percentage of this sale subject to Michigan tax.Sale Information
Use this section to review section 179 sale information that transfers automatically to this screen from federal K1Sale Screen.
This article applies to:
- PRODUCT: UltraTax CS
- Return type: 1040 Individual
- State: Michigan