"Trade-In Sales Tax Credit Calculation Worksheet" - Michigan

Trade-In Sales Tax Credit Calculation Worksheet is a legal document that was released by the Michigan Department of State - a government authority operating within Michigan.

Form Details:

  • Released on January 1, 2021;
  • The latest edition currently provided by the Michigan Department of State;
  • Ready to use and print;
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  • Fill out the form in our online filing application.

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Clear Form
Michigan Department of State
2021 Trade-In Sales Tax Credit Calculation Worksheet
(Please see instructions on next page. For fields A through F you must enter a valid dollar amount
including cents, for example, 100.00)
Enter Amount
A. Purchase Price of Vehicle
Entered on RD-108 Line 1; Including Freight
$__________________
& Accessories
Enter Amount
B. Other Taxable Charges
Entered on RD-108 Line 2; Documentary
$__________________
fee, Service fee, Temp. Reg. fee, Etc.
Enter Amount
C. Total Price Used to Calculate Trade-In
The sum of boxes A and B equal the amount
$ 0.00
$__________________
entered in box C (Boxes A + B = Box C)
Enter Amount
D. Trade-In Credit
Entered on RD-108 Line 3 (Up to maximum
$__________________
of $7,000.00 effective 01/01/2021)
Enter Amount
E. Total Taxable Price
Entered on Line 4 of the RD-108. Total price
$ 0.00
$__________________
entered in box C minus trade-in credit listed
in box D (Box C – Box D = Box E)
Enter Amount
F. Sales Tax Due
Total taxable price times the Michigan sales
$ 0.00
$__________________
tax rate; The amount entered in box E times
the sales tax rate (Box E x 0.06 = Box F)
Enter Amount
G. Total Delivered Price
Entered on RD-108 Line 7; add RD-108
$__________________
Lines 1+2+5+6 = RD-108 Line 7
Vehicle Identification Number (VIN)
Vehicle Year, Make
Delivery Date
Please Note: This form is NO LONGER REQUIRED with the new RD-108. It is only available to
assist dealers calculate proper trade-in sales tax credit. DO NOT include a copy with any vehicle
sales transactions submitted to a Secretary of State branch office.
Page 1
Trade-In Credit Worksheet (01/01/2021)
Clear Form
Michigan Department of State
2021 Trade-In Sales Tax Credit Calculation Worksheet
(Please see instructions on next page. For fields A through F you must enter a valid dollar amount
including cents, for example, 100.00)
Enter Amount
A. Purchase Price of Vehicle
Entered on RD-108 Line 1; Including Freight
$__________________
& Accessories
Enter Amount
B. Other Taxable Charges
Entered on RD-108 Line 2; Documentary
$__________________
fee, Service fee, Temp. Reg. fee, Etc.
Enter Amount
C. Total Price Used to Calculate Trade-In
The sum of boxes A and B equal the amount
$ 0.00
$__________________
entered in box C (Boxes A + B = Box C)
Enter Amount
D. Trade-In Credit
Entered on RD-108 Line 3 (Up to maximum
$__________________
of $7,000.00 effective 01/01/2021)
Enter Amount
E. Total Taxable Price
Entered on Line 4 of the RD-108. Total price
$ 0.00
$__________________
entered in box C minus trade-in credit listed
in box D (Box C – Box D = Box E)
Enter Amount
F. Sales Tax Due
Total taxable price times the Michigan sales
$ 0.00
$__________________
tax rate; The amount entered in box E times
the sales tax rate (Box E x 0.06 = Box F)
Enter Amount
G. Total Delivered Price
Entered on RD-108 Line 7; add RD-108
$__________________
Lines 1+2+5+6 = RD-108 Line 7
Vehicle Identification Number (VIN)
Vehicle Year, Make
Delivery Date
Please Note: This form is NO LONGER REQUIRED with the new RD-108. It is only available to
assist dealers calculate proper trade-in sales tax credit. DO NOT include a copy with any vehicle
sales transactions submitted to a Secretary of State branch office.
Page 1
Trade-In Credit Worksheet (01/01/2021)
Trade-In Sales Tax Credit Calculation Worksheet Instructions:
For fields A through F you must enter a valid dollar amount including cents, for example, 100.00.
A. Purchase Price of Vehicle – Entered on RD-108 Line 1
Box A includes the purchase price of a vehicle, factory-installed accessories, freight destination
charge, and the dealer-installed accessories.
B. Other Taxable Charges – Entered on RD-108 Line 2
Box B includes all other taxable charges (e.g., documentary fee, service fee, temporary
registration fee, etc.).
Please Note: CVR dealers must include in Box B the CVR fee from Line 2A of the RD-108E.
C. Total price used to calculate trade-in sales tax credit
Box C is calculated by adding the “Purchase Price of Vehicle” and “Other Taxable Charges”.
Enter the sums of Boxes A and B (Box A + Box B = Box C).
D. Trade-In Credit – Entered on RD-108 Line 3
Box D is the agreed-upon value of the trade-in vehicle as part payment up to a maximum of
$7,000.00 effective January 1, 2021.
E. Total Taxable Price – Entered on RD-108 Line 4
Box E is calculated by subtracting the “Trade-In Credit” listed in Box D from the “Total Price
Used to Calculate Trade-In” listed in Box C (Box C – Box D = Box E).
F. Sales Tax Due
Enter the amount of sales tax owed by multiplying the “Total Taxable Price by the 0.06 Michigan
sales tax rate (Box E x 0.06 = Box F).
G. Total Delivered Price – Entered on RD-108 Line 7
Important: When there is a trade-in credit RD-108 Line 7 is calculated by adding Lines 1, 2, 5,
and 6 as the “Total Delivered Price” (RD-108 Lines 1+2+5+6 = Line 7).
Please Note: Page 1 of this form is NO LONGER REQUIRED with the new RD-108. It is only
available to assist dealers calculate proper trade-in sales tax credit. DO NOT include a copy with any
vehicle sales transactions submitted to a Secretary of State branch office.
Page 2
Trade-In Credit Worksheet (01/01/2021)
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