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Federal input screens

Shareholder Information > Montana tab

Use the state tabs in the
Shareholder Information
 window to enter state-specific information for shareholders. State tabs appear only if you've added states to the return.
To update a shareholder's state-specific information, select that shareholder in the
Shareholder Information
 window, then the state tab.

Fields and buttons — Montana information group box

If the shareholder is a nonresident, enter a code from the following table or select the code from the dropdown list to indicate the type of nonresident filing to be made by the shareholder. If the shareholder is a nonresident, UltraTax CS defaults to calculating withholding for the shareholder.
Code
Description
1
Withholding (default)
.
This is the default filing for nonresident shareholder when a code is not selected from the drop-down list. Select this option to indicate the shareholder is subject to withholding.
2
Composite filer
.
Select
2
 to indicate the corporation is filing a composite return on behalf of the nonresident shareholder. UltraTax CS completes Form CLT-4S, Schedule IV for participating nonresident shareholders.
3
Exempt from withholding and tax agreement on file
.
Select
3
 to indicate the shareholder agreement is already on file. UltraTax CS does not completes Form PT-AGR for this shareholder.
4
Exempt from withholding and tax agreement required
.
Select
4
 to indicate an agreement is required for the nonresident shareholder. UltraTax CS completes Form PT-AGR.
5
Revoke tax agreement and withhold tax
.
Select
5
 to revoke the shareholder agreement and indicate the shareholder is subject to the withholding.
6
Revoke tax agreement and composite filer
.
Select
6
 to revoke the shareholder agreement and indicate the corporation is filing a composite return on behalf of the nonresident shareholder. UltraTax CS completes Form CLT-4S, Schedule IV for participating nonresident shareholders.
Enter a date if the corporation filed a Nonresident Income Tax Agreement in prior years and is not filing a composite return of behalf of a nonresident shareholder. When you enter a date, UltraTax CS enters the date on Montana Schedule K-1, Part 2, Partner/Shareholder Information.
Use this statement for supplemental information specific to each shareholder and for items that are not pro rata. If you have pro rata items that need to be reported to each shareholder, use Section A on the
MTKSep
 screen. UltraTax CS prints the information you enter in this statement dialog in the Schedule K-1 statement for Part 5, Other information.
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