Form Mhpe 2010 Mobile Home Park Exclusion Page 2
Download a blank fillable Form Mhpe 2010 Mobile Home Park Exclusion in PDF format just by clicking the "DOWNLOAD PDF" button.
Open the file in any PDF-viewing software. Adobe Reader or any alternative for Windows or MacOS are required to access and complete fillable content.
Complete Form Mhpe 2010 Mobile Home Park Exclusion with your personal data - all interactive fields are highlighted in places where you should type, access drop-down lists or select multiple-choice options.
Some fillable PDF-files have the option of saving the completed form that contains your own data for later use or sending it out straight away.
ADVERTISEMENT
1
2Form MHPE General Instructions
Your share is based on the same proportion used by you
to report your income and loss from the entity for Montana
Defi nitions
income tax purposes.
“Tenants’ or mobile home park residents’ association”
When the exclusion is made by your partnership or
means a group of six or more tenants who reside in
S corporation, remember to complete the information
a mobile home park, have organized for the purpose
above that identifi es the entity’s name, federal employer
of eventual purchase of the mobile home park, have
identifi cation number and your percentage.
established bylaws of the association, and have obtained
the approval vote of at least 51% of the residents of the
What information do I have to include with my tax
mobile home park to purchase the mobile home park as
return when I claim this exclusion?
defi ned in 15-31-163, Montana Code Annotated (MCA).
Individuals and C corporations fi ling paper returns must
Who can claim this exclusion?
attach a completed Form MHPE. S corporations and
partnerships fi ling paper information returns must, in
An individual, corporation or partnership qualifi es for the
addition to attaching a completed Form MPHE, include
exclusion of all or a portion of the gain recognized.
a separate statement identifying each owner and their
proportionate share.
How do I claim my exclusion when I am a partner or
shareholder in a partnership or an S corporation?
Your partnership or S corporation will report the exclusion
on its informational tax return and provide you with your
share of the exclusion on a Montana Schedule K-1.
ADVERTISEMENT
0 votes
Related Articles
Related forms
Related Categories
Parent category: Financial