Triva isn't available right now.
Check out the support page for our phone number and hours
Solutions
-
Corporations
-
Governments
Success stories
-
A true competitive advantage
Law firm Zarin Baum’s embrace of generative AI as the natural next step in the evolution of legal work and their adoption of CoCounsel Legal has helped them achieve remarkable efficiency gains and improved client relationships.
-
Workflow transformation drives impact
Brinks, a global leader in secure logistics and security solutions, used CoCounsel to reimagine what was possible with AI tools, turning legal challenges into a competitive advantage.
-
The forefront of audit tech
A better auditing workflow solution was the answer to multiple challenges faced by The Mercadien Group. Find out how they achieved greater efficiency by embracing Cloud Audit Suite.
Questions? We are here to help.
Products
-
Tax, audit & accounting
Recommended products
-
CoCounsel Legal
Transform your work with the only AI legal solution uniting research, drafting, and document analysis in a single experience. Designed by legal experts and built on trusted content and advanced AI, CoCounsel Legal accelerates multistep work so you can better serve your clients and grow your business.
-
CoCounsel Tax
Transform your tax practice with CoCounsel Tax, an AI-powered assistant that combines trustworthy answers, automation, and firm knowledge into one seamless platform. Enhance efficiency, reduce risk, and improve client confidence with CoCounsel Tax.
-
CLEAR
Powerful software designed for law enforcement, compliance, risk, and fraud investigators. Conduct thorough investigations with ease using our intuitive online investigation software. Efficiently, prevent, detect, and solve crime.
Questions? We are here to help.
Purchase
-
Buy books
-
Contact sales
Resources
-
Product training
-
Product communities
-
Developers
Highlights
-
2026 SKILLS showcase
Join weekly sessions to experience in-depth demonstrations of the leading legal AI products while connecting with strategic law firm leaders in knowledge management, innovation, and AI.
-
Ghosts on the ledger
Payroll fraud is a major compliance risk. Learn how payroll analytics and AI-powered tools can help exorcise phantom employees and employers.
-
Future of professionals report 2025
The Thomson Reuters Future of Professionals Report 2025 reveals how AI continues to shape professional work — and what it takes to get ahead. This year’s report shows that increased efficiency, productivity, and cost savings top the list of benefits professionals attribute to AI, making it indispensable for organizations facing rapid change.
Screen MTAdjust - Montana Adjustments (1065)
Show all hidden content
Montana Additions
Interest and dividend income of another state
The application transfers tax-exempt interest from the federal statement located in the K-4 Screen to this statement. To exclude an item from the state return, delete the amount, enter a zero, or delete the entire line item from the statement. The application displays the modified column in black and will not overwrite the new data with subsequent federal-to-state data transfers.
State, local, and foreign taxes based on income
The application transfers the taxes entered in the federal Inc Screen, KFrgn Screen, F-2 Screen, 4835-2 Screen, and Rent Screen to the statement attached to this field. Use the type codes listed in the drop-down list and in the following table to classify the amounts as taxes based on income or other types of taxes. Items classified as taxes based on income are treated as an addition on Form PR-1.
Type Code | Description | Destination |
|---|---|---|
O | Other (default) | Not included on return |
T | Taxes based on income | Form PR-1, Page 1, line 16b and Schedule K-1, Part 3, line A2 |
Montana Subtractions
Disposal of Property with Section 179 Expense in Prior Year
Gain / loss reported separately from federal Sch K, line 20c
The IRS requires partnerships to separately report the sale of assets where Section 179 expense was claimed in a prior year. These sales are no longer reported on Form 4797, but instead are reported on federal Schedule K, line 20c. This amount is calculated from information entered in the federal 8824PT Screen, SalePT Screen, and K1Sale Screen. The application reduces the basis of the asset by the amount of the Section 179 deduction when calculating the gain or loss. This amount will be included on Form PR-1, line 10 and Schedule K-1, Part 4, line 10. A nonsubmittable statement will print for Form PR-1, line 10 detailing this amount. Use the
Force
field to override the calculated amount. If 0
(zero) is entered, no adjustment will be made.Section 179 included in gain / loss
This field contains the total Section 179 expense deduction that was originally claimed on the assets sold during the tax year. This amount is provided for reference purposes only.