Screen MTAdj-3 - Montana Capital Loss Adjustments (1040)

Overview

Use this screen to adjust taxpayer / spouse information on Form 2 and complete the Montana Capital Loss Worksheet.

Return Adjustments

Information entered in this section is used to complete capital gain and loss information for Form 2.
Use this field to force the display on Form 2, line 7. This line item on Form 2 controls the calculation of the capital gains credit on Page 2.

Worksheet Adjustments

Information entered in this section is used to complete the Montana Capital Loss Worksheet.
Use these fields to force the capital loss additions or subtractions calculated by Worksheet 2 of the Capital Loss Carryover Worksheet. These amounts are then used on the Additions and Subtractions schedules for Form 2.
Use these fields to force the amount of carryover to UltraTax CS or to redistribute amounts between taxpayer and spouse. Calculated amounts are displayed on the Capital Loss Carryover Worksheet 3.

Schedule 1 Other Income

Information in this section transfers down from the federal Schedule 1. Amounts default to taxpayer column on Form 2, Schedule 1 unless specific amounts are entered for taxpayer and spouse.
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