Have a 2023 Montana schedule K-1, for nonresident, where to enter the gain ( Montana schedule k-1 PTE part 4 line 1) or tax withheld (part 5 line 3a) on TT?

[0ee18c6dbd8f]

On Federal the income is in the Business investment and Estate/Trust income category, which is not showing as one of the entries for entering Montana related income source, also there is not a place/entry for enter Montana Schedule K-1 PTE part 5 line 3a, which is the tax withheld for the investment.

[PatriciaV]

Your entries from the federal Schedule K-1 should flow to the Montana section of TurboTax so that the income attributed to Montana is reported to the state. As you work through the Montana state interview, look for a section on Business Income or Credits/Taxes. You should see a line item for pass-through entity tax withholding/payment. This is where you enter the amount of PTE paid on your behalf.

[0ee18c6dbd8f]

Thank you Patricia,

  The problem with the Montana state tax in TT is that it is missing a lot of entries needed. The tax withhold on a Montana Schedule K-1 for PTE includes a whole section (part 5), but TT is only asking for the number on Part 5, line 1, and skipping everything else. Now in order to get credit for all the tax paid and withhold, one has to add all the numbers together then enter it as the number for Part 5 line 1.

[plawlor78]

Is that how we are supposed to enter Part5 Line 3a if we have a value (add all the numbers together then enter it as the number for Part 5 line 1)?

[0ee18c6dbd8f]

that's how I enter the tax withheld on part V 3c, other numbers are 0 for me.

[plawlor78]

Thank you. It's odd that TurboTax does not support a normal form with similar questions as what is provided in the state K-1.

[plawlor78]

@0ee18c6dbd8f, BTW, where did you enter the rest of the information on the Montana K-1, such as Part 4?  

[0ee18c6dbd8f]

You are welcome. I have reported it last year, but this year it is still the same. Feels like they don't pay much attentions to these small states, although charge is the same.

[plawlor78]

@0ee18c6dbd8f @PatriciaV 

Where did you enter the rest of the information on the Montana K-1, such as Part 4?  

[0ee18c6dbd8f]

I put in as income from Rental, Royalties Etc.