Schedule Vi (Form 2) - Credit For An Income Tax Liability Paid To Another State Or Country - 2014

Download a blank fillable Schedule Vi (Form 2) - Credit For An Income Tax Liability Paid To Another State Or Country - 2014 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 Schedule Vi (Form 2) - Credit For An Income Tax Liability Paid To Another State Or Country - 2014 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

Reset Form
Form 2, Page 9 – 2014
Social Security Number:
Schedule VI – Credit for an Income Tax Liability Paid to Another State or Country
Column A (for single,
Column B (for spouse
Indicate residency status from Form 2, line 5
Full-year
Part-year
joint, separate, or head
when filing separately
File Schedule VI with your Montana Form 2.
of household)
using filing status 3a)
1 Enter your income sourced and taxable to another state or country that is included in Montana adjusted
gross income. If a full year resident, this is the amount included in the total on Form 2, line 41. If a part-
year resident, this is the amount included in the total on Schedule IV, line 16 ..............................................
1
00
00
2 Enter all income sourced and taxable to the other state or country. This includes the income from line 1
plus all income exempt from Montana income tax (e.g. certain tips) sourced and taxable in the other state
or country. Indicate state’s abbreviation.
2
00
00
3 Enter your income sourced and taxable to Montana. If a full year resident, enter the amount from Form 2,
line 41. If a part-year resident, enter the amount from Schedule IV, line 16 ..................................................
3
00
00
4 Enter your total income tax liability paid to the other state or country ...........................................................
4
00
00
5 Enter your Montana tax liability. If a full year resident, enter the amount from Form 2, line 48. If a part-
year resident, enter the amount from Form 2, line 48a .................................................................................
5
00
00
6 Divide line 1 by line 2. Enter the percentage here, but not more than 100% ................................................
6
%
%
.
.
7 Multiply line 4 by line 6 and enter the result here ..........................................................................................
7
00
00
8 Divide line 1 by line 3. Enter the percentage here, but not more than 100% ................................................
8
%
%
.
.
9 Multiply line 5 by line 8 and enter the result here ..........................................................................................
9
00
00
10 Enter here and on Form 2, Schedule V, line 1 the smaller of the amounts reported on lines 4, 7 or 9
above. This is your credit for an income tax paid to another state or country. .....................................
10
00
00
• You are not entitled to a Montana tax credit for taxes paid to a foreign country to the extent you claimed these taxes as a foreign tax credit on your federal income
tax return.
• If you claim this credit for an income tax paid by your S corporation or partnership, see the instructions for Form 2, Schedule V, line 1 on page 32.
• Your credit is limited to a tax liability paid on income that is also taxed by Montana.
• Your income tax paid includes your share of any excise or franchise taxes paid by your S corporation or partnership if they are imposed on the entity itself and
measured by the entity’s net income.
• This is a nonrefundable credit and cannot reduce your Montana tax liability below zero.
• This is a nonrefundable single-year credit. No unused credit amount can be carried forward.
• You will need to complete a separate Schedule VI for each state or country to which you have paid an income tax liability. You cannot combine payments on one
schedule.
• If you are a part-year resident, you will need to allocate your income on Form 2, Schedule IV before completing Form 2, Schedule VI.
Please note: Beginning with the 2014 tax year, the credit calculation previously made on Schedule VII is now made on Schedule VI.
*14CE0901*
*14CE0901*

ADVERTISEMENT

00 votes

Related Articles

Related forms

Related Categories

Parent category: Financial
Go