6072: MICHIGAN Schedule FTE (2025)
Michigan · Michigan Treasury · Used for tax years 2025
Michigan Schedule FTE (Form 6072) reports Flow-Through Entity Tax credits and related income additions and subtractions from direct or indirect ownership in an electing flow-through entity. The totals are carried to the filer’s Michigan individual or fiduciary income tax return a
Who files this form
File Michigan Schedule FTE (Form 6072) with your 2025 MI-1040 or MI-1041 if you claim a credit, addition, or subtraction related to Michigan Flow-Through Entity (FTE) tax.
The schedule covers amounts from entities you own directly and entities you own indirectly through other entities. It is not required with a Composite Return (Form 807).
What you'll need
- Reports from the entity you directly own. These provide your allocated share of FTE credits, additions, and subtractions. The information may appear in Schedule K-1 notes, a Michigan Flow-Through Entity Tax Information Report, or another format.
- Schedule K-1 and supporting information. Include a copy of Schedule K-1 with the notes, information report, or equivalent information received for each entity and credit or adjustment claimed.
- Form 6074 for indirect credits. Complete a supporting table on Michigan Schedule of Tiered Entities for each distinct indirect credit before completing Part 2 of Schedule FTE.
If your entity's report does not provide enough detail, contact the entity for the missing information.
How to file
File Schedule FTE with your MI-1040 or MI-1041 and include the required supporting reports.
- Use Part 1 for credits and adjustments from direct ownership.
- Use Part 2 for credits and adjustments from indirect ownership. Complete Form 6074 first, then carry its information to Part 2.
- Carry the total FTE credit on line 5 to MI-1040, line 30, or MI-1041, line 19.
The supplied text does not give a mailing address or e-filing directions.
Common mistakes
- Filing before the credit-generating entity files its return. You cannot file Schedule FTE or claim the credit until that entity has filed the annual return generating the credit. The instructions say the entity's return should ideally also be processed without error.
- Claiming current-year credits that were not funded on time. Do not report credits that the entity did not fund by its credit funding deadline. Those credits are reportable in a later tax year once the entity pays the tax.
- Using incomplete information. Request missing details from the entity. Incomplete information may cause significant processing delays or denial of the credit.
Questions people ask
What is the difference between direct and indirect ownership?
Direct ownership means you own the credit-generating entity itself. Indirect ownership means you own it through another entity. Report direct amounts in Part 1 and indirect amounts in Part 2.
Can spouses combine their amounts on one row?
No. On a joint return, report each spouse's credits and adjustments on separate rows. Spouses receiving indirect credits from the same credit-generating entity should complete separate supporting tables.
Do I need a copy of the entity's Form 5774?
The instructions do not expect you to obtain it. Reports from entities in a tiered structure should identify which entity was reported on the credit-generating entity's Form 5774.
Can I claim a prior-year late-funded credit if I no longer own the entity?
It is possible to report that credit even if you are no longer a member in the current tax year. Report direct prior-year late-funded credits in Part 1, column D, on a separate row from current-year timely funded credits.