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Investors & landlords
I just wanted to confirm that the Montana state tax for rental income is NET, correct? So if my rents are $10,000 as reported on my 1099-MISC, but after expenses my fed form E equals $0, do I report the $10,000 of gross income or the $0 from Fed Sch E (after expenses / losses) to the state of Montana? Thank you.
‎February 19, 2021
4:17 PM