Fillable Form Mhpe - Mobile Home Park Exclusion

Form Mhpe - Mobile Home Park Exclusion - 2012

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Clear Form

MONTANA

MHPE

Rev 04 12

2012 Mobile Home Park Exclusion

15-31-163, MCA

Name (as it appears on your Montana tax return)

Social Security

Federal Employer

Identification Number

Number

Part I. Partners in a Partnership or Shareholders of an S Corporation

Enter your portion of the mobile home park exclusion here. See instructions.

$_____________________

Business Name of Partnership or S Corporation

Federal Employer

Identification Number

___________________________________________________

Part II. Purchaser Information

Name of purchaser _________________________________________________________________________________

Contact person ____________________________________________________________________________________

Address __________________________________________________________________________________________

Phone ________________________________

Mark the appropriate box indicating the purchaser’s type of entity:

Tenants’ or mobile home park residents’ association

Nonprofit organization under section 501(c)(3) of the Internal Revenue Code

County housing authority created under Title 7, chapter 15, part 21, MCA

Municipal housing authority created under Title 7, chapter 15, parts 44 and 45, MCA

Part III. Exclusion Computation

1. Total number of lots in the mobile home park when sold................................................................. 1.

2. Capital gains recognized ................................................................................................................. 2.

3. Ordinary income recognized............................................................................................................ 3.

4. Total gain recognized (add lines 2 and 3) . ....................................................................................... 4.

5. If the number of lots reported on line 1 is more than 50, enter .5 on this line. Otherwise, enter 1 .. 5.

6. Multiply line 4 by line 5 and enter the result. This is your mobile home park exclusion. . ........... 6.

Where to Report Your Exclusion

► Individuals: Form 2, Schedule II, line 34, “Other Subtractions.”

► C corporations: Form CLT-4, line 3g, “Other Reductions.”

► S corporations: Form CLT-4S, line 16c

► Partnerships: Form PR-1, line 17c

If you file your Montana tax return electronically, you do not need to mail this form to us unless we ask you for a copy. When you file electronically, you

represent that you have retained the required documents in your tax records and will provide them upon the department’s request.

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