Screen MTAdj - Montana Additions and Subtractions (1040)

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Overview

Use this screen to complete Form 2. If information transferred from UltraTax/1040 doesn’t require additional data or coding, UltraTax/1040-MT shows it on the form only, not in the input screen.

Additions

Information entered in this section is used to complete the Schedule I, Additions.
Expenses used to claim a Montana tax credit
Enter expenses not claimed on the federal tax return.
Other additions
Enter any other additions and codes in the statement window attached to this field.

Subtractions

Information entered in this section is used to complete Schedule 1, Subtractions.
Exempt tribal income
Enter tribal income that is exempt for Montana income.
Military pay (Force)
UltraTax/1040-MT automatically reduces the federal AGI for any military income included on a W-2 that is included on the federal 1040 wages for part-year and nonresident returns. Use this field to force amounts differing from the federal amount. To exclude this subtraction, enter
0
(zero) if a non-qualified military exemption.
Expense incurred by medical marijuana providers
Enter related expenses not entered for the federal return.
Other subtractions
Enter any other subtractions and codes in the statement window attached to this field.

Additions/Subtractions

Information entered in this section is used to complete Schedule 1.
Past recoveries resulting in reduction of Montana taxable income
If a taxpayer or spouse is eligible for a state adjustment (addition or subtraction), enter the amount as a positive amount for an addition and a negative amount for a subtraction.

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