MI-1041: Fiduciary Income Tax Return (2024)
Michigan · Michigan Treasury · Used for tax years 2024
Form MI-1041 is the 2024 Michigan Fiduciary Income Tax Return for estates and trusts. It reports income, Michigan adjustments, credits and payments to calculate tax due or a refund, and includes schedules for beneficiary information and allocations.
Who files this form
The 2024 MI-1041 is Michigan’s fiduciary income tax return for estates and trusts. It includes filing categories for resident estates, nonresident estates, resident trusts, and nonresident trusts.
The form does not state income thresholds or other rules for determining whether an estate or trust must file.
When it's due
For tax year 2024, the return is due April 15, 2025, or on the 15th day of the fourth month after the close of the tax year.
The form warns that penalty and interest apply for failure to file.
What you'll need
- Federal return: Include a copy of U.S. Form 1041 and supporting schedules.
- Identification information: Have the estate’s or trust’s name and FEIN, plus the fiduciary’s name, title, and address. The form also asks for estate details, including the county, probate file number, and date of death, or the date the trust was created.
- Nonresident filings: Complete and include MI-1041 Schedule NR if you select nonresident estate or nonresident trust.
- Applicable credits and payments: Include a copy of the other state’s return for the credit for income tax paid to another state. Include MI-1041 Schedule W for income tax withheld.
- Other Michigan adjustments: Include supporting documentation for amounts entered as “Other” additions or subtractions on Schedule 1.
- Beneficiary information, when applicable: Have beneficiaries’ names, residency status, addresses, and Social Security numbers or FEINs for Schedule 2.
- Amended returns: Include the amended U.S. Form 1041 and all supporting schedules.
How to file
Type or print in blue or black ink. Complete and include all three pages, complete Schedules 2, 3, and 4 as applicable, and sign the fiduciary declaration. If you need additional space for the schedules, use the Michigan Fiduciary Income Tax Information Continuation Schedule, Form 5680.
Without payment, mail the return to:
Michigan Department of Treasury
P.O. Box 30058
Lansing, MI 48909
With payment, pay the amount on line 25 and mail the check and return to:
Michigan Department of Treasury
Department 781041
P.O. Box 78000
Detroit, MI 48278
Make the check payable to State of Michigan. Write the estate’s or trust’s FEIN and 2024 MI-1041 on the front of the check.
The supplied form does not provide e-filing instructions.
Common mistakes
- Leaving out pages 2 or 3: The form says it cannot be processed unless both pages are completed and included.
- Omitting Schedule NR: Checking nonresident estate or nonresident trust requires you to complete and include MI-1041 Schedule NR.
- Completing line 23 on an original return: Line 23 is for 2024 amended returns only. Original returns should skip to line 24.
- Leaving an amended return unexplained: Complete the Explanation of Changes section, show computations in detail, and include the amended U.S. Form 1041 and all supporting schedules.
- Missing Schedule 4 when required: Complete it if capital gains or losses were distributed to beneficiaries and Form MI-1041D was filed. This applies to resident and nonresident estates and trusts.
Questions people ask
What tax rate does the 2024 form use?
Multiply taxable income on line 12 by 4.25% to calculate line 13. If line 12 is negative, enter zero on line 13.
Can an overpayment be applied to the next year?
Yes. Line 27 lets you apply part or all of the overpayment on line 26 to the 2025 fiduciary return. Subtract line 27 from line 26 to calculate the refund on line 28.
What if I need more room for beneficiary information or allocations?
Use the Michigan Fiduciary Income Tax Information Continuation Schedule, Form 5680, if additional space is needed for the schedules on page 3.
Can I authorize Treasury to discuss the return with my preparer?
Yes. Check the authorization box in the Signatures and Declarations section.
When should I complete Schedule 3?
Complete Schedule 3 only if adjustments were entered on Schedule 1. Schedule 1 directs you to carry the net Michigan adjustment to line 10 if there is no distribution to beneficiaries. Otherwise, complete Schedules 2 and 3.