Screen MTCr-2 - Montana Carryover Credits (1040)

Overview

Use this screen to enter amounts for nonrefundable credits with carryover provisions. Amounts entered in this screen are used to calculate Form 2, Schedule III - Tax credits.

Nonrefundable Credits with Available Carryover (Taxpayer)

Use the fields in this section to enter nonrefundable credits with available carryover. These are used to complete Form 2, Credits Schedule. Enter only those amounts you are claiming in the current year in these fields. Many of these credits require additional form attachments.
Enter the eligible current-year credits in this column. If the amounts exceed the current-year tax liability, UltraTax CS calculates the Montana Nonrefundable Credit Carryover Worksheet.
Information from the prior year's carryover informational statement proformas to this column. Amounts in this column are combined with amounts in the
Current Credit
column and are displayed on Form 2, Schedule III - Tax credits.
Use this column to allocate amounts used in the current year up to a maximum of the current tax liability, as shown on the Montana Nonrefundable Credit Carryover Worksheet.

Nonrefundable Credits with Available Carryover (Spouse)

Use the fields in this section when the Montana return is being prepared with the Montana filing status code
3
(married filing separately on the same return) to calculate Form 2, Schedule III - Tax credits and the Montana Nonrefundable Credit Carryover Worksheet.
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