Montana Beneficiary's Share of Income (Loss), deductions and credits
Extracted from PDF file 2019-montana-schedule-k-1.pdf, last modified September 2019
Beneficiary's Share of Income (Loss), deductions and creditsMontana Schedule K-1 Part 1 PTE Information (PTE) Owner’s Share of Income (Loss), Deductions, Credits, etc. For the calendar year 2019, or tax year beginning M M D D Y Y Y Y and ending M M D D Y Y Y Y Mark applicable boxes: Pass-through Entity’s Name Amended Schedule K-1 Final Schedule K-1 FEIN Mailing Address City State ZIP Code Part 2 Owner Information Name Mailing Address City Owner Type Part 6 Tax Credits Part 5 Information Part 4 Montana Source Income Part 3 Adj. The owner filed Form PT-AGR Part 7 PTE Use FEIN OR SSN State Resident Nonresident ZIP Code The owner is included in a composite income tax return Profit and loss percentage Capital/Ownership I II Montana Everywhere Year Montana Adjustments (See worksheet on page 9) 00 1 Additions 1 00 2 Subtractions 2 Distributive Share of Montana Source Income (Loss) 00 1 Ordinary business income (loss) 1 00 2 Net rental real estate income (loss) 2 00 3 Other gross rental income (loss) 3 00 4 Guaranteed payments 4 00 5 Interest income 5 00 6 Ordinary dividends 6 00 7 Royalties 7 00 8 Net short-term capital gain (loss) 8 00 9 Net long-term capital gain (loss) 9 00 10 Net section 1231 gain (loss) 10 00 11 Other income (loss) (include detailed statement) 11 00 12 Section 179 expense deduction 12 00 13 Other expense deductions 13 Supplemental Information 1 Owner's share of Montana source income (loss) 1 2 Montana composite income tax paid on behalf of owner 2 3a Montana income tax withheld on behalf of owner (see instructions) 3a 3b Montana income tax withheld by a lower tier pass-through entity 3b 3c Add lines 3a and 3b. This is your total Montana income tax withheld on your behalf. 3c 4 Montana mineral royalty tax withheld 4 00 5 Other information. List type and amount 5 Tax Credits and Recapture 1 Contractor’s gross receipts tax credit. If multiple CGR accounts, mark here. 1 CGR Account ID CGR 2 Other credit/recapture information. List type and amount 2 Montana Adjustments Detail: Enter the amount and code of each adjustment entered on Part 3. (See instructions) 00 3 Code 00 2 Code 1 Code 00 6 Code 00 5 Code 4 Code 00 9 Code 00 8 Code 7 Code 00 12 Code 00 11 Code 10 Code *19TT1101* *19TT1101* % % 00 00 00 00 00 00 00 00 00 00 00 00 00 00 00 00 00 00 00 00 00 00 00 00 00 00 00 00
More about the Montana Schedule K-1 Corporate Income Tax Tax Credit
We last updated the Beneficiary's Share of Income (Loss), deductions and credits in March 2020, and the latest form we have available is for tax year 2019. This means that we don't yet have the updated form for the current tax year. Please check this page regularly, as we will post the updated form as soon as it is released by the Montana Department of Revenue. You can print other Montana tax forms here.
Other Montana Corporate Income Tax Forms:
|Form Code||Form Name|
|Form INA-CT||Affidavit of Inactivity for Corporations, Partnerships and Disregarded Entities (OBSOLETE)|
|Form NOL||Montana Net Operating Loss|
|CIT||Corporate Income Tax Return (formerly CLT-4)|
|Form MSA||Montana Medical Care Savings Account (DISCONTINUED)|
|Schedule K-1||Beneficiary's Share of Income (Loss), deductions and credits|
Montana usually releases forms for the current tax year between January and April. We last updated Montana Schedule K-1 from the Department of Revenue in March 2020.
Schedule K-1 is a Montana Corporate Income Tax form. States often have dozens of even hundreds of various tax credits, which, unlike deductions, provide a dollar-for-dollar reduction of tax liability. Some common tax credits apply to many taxpayers, while others only apply to extremely specific situations. In most cases, you will have to provide evidence to show that you are eligible for the tax credit, and calculate the amount of the credit to which you are entitled.
About the Corporate Income Tax
The IRS and most states require corporations to file an income tax return, with the exact filing requirements depending on the type of company.
Sole proprietorships or disregarded entities like LLCs are filed on Schedule C (or the state equivalent) of the owner's personal income tax return, flow-through entities like S Corporations or Partnerships are generally required to file an informational return equivilent to the IRS Form 1120S or Form 1065, and full corporations must file the equivalent of federal Form 1120 (and, unlike flow-through corporations, are often subject to a corporate tax liability).
Additional forms are available for a wide variety of specific entities and transactions including fiduciaries, nonprofits, and companies involved in other specific types of business.
Historical Past-Year Versions of Montana Schedule K-1
We have a total of eight past-year versions of Schedule K-1 in the TaxFormFinder archives, including for the previous tax year. Download past year versions of this tax form as PDFs here:
While we do our best to keep our list of Montana Income Tax Forms up to date and complete, we cannot be held liable for errors or omissions. Is the form on this page out-of-date or not working? Please let us know and we will fix it ASAP.