Schedule CR-5: Schedule of Taxes and Allocations to Each Agreement (2025)
Michigan · Michigan Treasury · Used for tax years 2025
Michigan Schedule CR-5 reports taxable values, property taxes, and ownership information for each agreement. It calculates each agreement’s share of total tax and allocated tax credit and is included with Form MI-1040.
What you'll need
Have the following information ready for the 2025 schedule:
- Your name and full Social Security number, plus your spouse’s if filing jointly.
- Each agreement’s county code, contract number and expiration date.
- The 2025 total taxable value and whether 2024 or 2025 property taxes are paid.
- The type of ownership and percent of income or ownership.
- The total tax for each agreement.
- The credit amount from MI-1040CR-5, line 15 or 20, for the allocation calculation.
How to file
Include Schedule CR-5 with Form MI-1040. Type or print in blue or black ink.
Complete columns A through H for each agreement. In column G, divide each agreement’s column F amount by the total on line 3, column F. In column H, multiply MI-1040CR-5, line 15 or 20, by the percentage in column G.
Enter the totals for columns F through H on line 3. Carry the column F total to MI-1040CR-5, line 4.
The supplied text does not give a mailing address or e-filing instructions.
Common mistakes
- Do not leave columns A through H incomplete.
- Enter agreement expiration dates in MM-DD-YYYY format.
- Make sure the total of column G equals 100%.
- If you use additional pages, check the additional-pages box and enter their totals.
- Remember to carry the column F total to MI-1040CR-5, line 4.
- Include the schedule with Form MI-1040 and use blue or black ink if typing or printing.
Questions people ask
Which property tax years does the paid-tax checkbox cover?
Column C asks you to check if 2024 or 2025 property taxes are paid.
How do I calculate each agreement’s percentage?
Divide each agreement’s amount in column F by the total on line 3, column F. Enter the result in column G. The column G total must equal 100%.
How do I calculate the allocated tax credit?
Multiply MI-1040CR-5, line 15 or 20, by the percentage computed in column G. Enter the allocated credit in column H.
Can I use additional pages?
The form provides a checkbox for additional pages and a place to enter their totals. Check the box and enter those totals if you use additional pages.