JotikaT2
Employee Tax Expert

State tax filing

Yes, I recommend you still file your nonresident Montana return even though it shows $0 for capital gains.

 

Montana requires you file a tax return if your federal gross income meets the threshold shown below and if you have any income from Montana during the year.

 

Montana filing requirement

 

This will ensure the proceeds from the sale are reflected on your nonresident state return and matched to the information already reported on the sale on Form 1099-S.

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