Screen MTTax - Montana Lump Sum Tax (1040)

Overview

Use this screen to enter amounts for distributions subject to tax. These amounts are used to complete the additional taxes on Form 2, Schedule IV.

Lump Sum Distributions

Use the fields in this section to review and override calculated amounts.
Use these fields to force the amount of federal lump-sum taxes. This amount is multiplied by the current lump sum percent per Form 2 instructions to arrive at the Montana tax on lump-sum distributions displayed on Form 2, Page 2.

Recapture Tax on Distributions

Use the fields in this section to review and override calculated amounts.
Use these fields to force the amount of ABLE account distributions subject to Montana recapture tax. This amount is multiplied by the current recapture percent per Form 2 instructions to arrive at the Montana ABLE recapture tax displayed on Form 2, Page 2 with code AB.
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