5606: Excess Business Loss Continuation Schedule (2024)
Michigan · Michigan Treasury · Used for tax years 2024
Michigan Form 5606 is a continuation schedule for the 2024 Michigan Excess Business Loss form, MI-461. It provides space for additional business entries, including identifying numbers, applicable apportionment percentages, and federal, Michigan, and non-Michigan income or loss.
Who files this form
Complete Form 5606 if you have more than 12 entries on Michigan Excess Business Loss Form MI-461. Form 5606 is a continuation schedule for MI-461.
What you'll need
Have the following information ready:
- Your name as shown on your tax return and your identifying number.
- Each business’s name and FEIN or SSN.
- The apportionment percentage from MI-1040H, line 8, if applicable.
- Each business’s federal income or loss included in U.S. Form 461, line 14.
- The portions of that income or loss attributable to business activity in Michigan and outside Michigan.
Common mistakes
Follow the form’s reminder: type your entries or print them in blue or black ink.
Questions people ask
What is Form 5606 used for?
It continues Michigan Excess Business Loss Form MI-461 when you have more than 12 entries.
Where does the apportionment percentage come from?
Column C asks for the percentage from MI-1040H, line 8, if applicable.
What federal income or loss goes in column D?
Enter the amount included in U.S. Form 461, line 14.
How are Michigan and non-Michigan income or losses separated?
Column E shows the amount from column D attributable to business activity in Michigan. Column F shows the amount from column D attributable to business activity outside Michigan.