5678: Signed Distribution Statement for Joint Owners of Farmland Development Rights Agreements (Revision 2021-03)
Michigan · Michigan Treasury · Used for tax years 2024, 2025, 2026
Michigan Form 5678 is a signed distribution statement for joint owners of Farmland Development Rights Agreements. It records agreement details, each partner’s or joint owner’s Social Security number, percentages of income and ownership, and required signatures.
Who files this form
Complete Form 5678 only if you are a joint owner of a Farmland Development Rights Agreement with someone other than your spouse. The form states that all joint owners must sign.
What you'll need
Have the following information ready:
- The tax year.
- Your name and full Social Security number.
- Your spouse’s name and full Social Security number if filing a joint return.
- The two-digit county code, agreement/contract number, and expiration date.
- Each partner’s or joint owner’s Social Security number, percentage of income, and percentage of ownership.
- Signatures of all partners or joint owners other than your spouse.
Common mistakes
- Completing this form when your only joint owner is your spouse. The form says to complete it only if you have a joint owner other than your spouse.
- Missing required signatures. The form says all joint owners must sign, and column E requires signatures from all partners or joint owners other than your spouse.
- Using the wrong ink color. Type or print in blue or black ink.
- Using the wrong date format. Enter the agreement expiration date as MM-DD-YYYY and the tax year as YYYY.
Questions people ask
Do I complete this form if I own the agreement only with my spouse?
No. The form says to complete it only if you are a joint owner with someone other than your spouse.
Who needs to sign?
The form states that all joint owners must sign. Column E specifically requires signatures from all partners or joint owners other than your spouse.
Do I report both income and ownership percentages?
Yes. Column C asks for each partner’s or joint owner’s percentage of income, and column D asks for their percentage of ownership.
Do I need to include my spouse’s information?
If filing a joint return, enter your spouse’s name and full Social Security number in the spaces provided.