Form Fid-3 - Montana Income Tax Return For Estates And Trusts - 2013 Page 7

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Form FID-3, Page 7 – 2013

FEIN

Schedule G – Electing Small Business Trust Tax Calculation

1 Total federal adjusted ESBT income (include federal schedule) ...............................................................................................1

2a Montana additions to ESBT income (include statement) ......................................................2a

2b Montana deductions to ESBT income (include statement) ...................................................2b

2 Subtract line 2b from 2a ............................................................................................................................................................2

3 Add lines 1 and 2. Montana adjusted ESBT income. .............................................................................................................3

4 Tax from tax table. If line 3 is zero or less, enter zero ...............................................................................................................4

5a Net capital gains reported on line 3 ..................................................................................... 5a

5 Multiply line 5a by 2%. Capital gains tax credit. .....................................................................................................................5

6 Subtract line 5 from line 4. If zero or less, enter zero. Resident tax after capital gains tax credit. .......................................6

If a resident or resident part-year trust, complete lines 7a and 7. If a nonresident trust, skip lines 7a and 7.

7a Enter the total credit for income taxes paid to another state or country (see instructions) ...7a

7 Subtract line 7a from line 6 ........................................................................................................................................................7

If a nonresident or resident part-year trust, complete lines 8a through 8c and 8. If a resident trust, skip lines 8a through 8c

and 8.

8a Enter the amount from lines 1 and 2a ..................................................................................8a

8b Enter the Montana source income reported on line 3. Include Montana Schedule(s) K-1 ...8b

8c Divide the amount on line 8b by the amount on line 8a (round to 6 decimal places) ...........8c

8 Multiply the amount on line 8c by line 6 if a nonresident trust. Multiply the amount on line 8c by line 7 if a resident part-year

trust. Nonresident or resident part-year trust tax after capital gains tax credit. ................................................................8

9 Tax on lump sum distributions ...................................................................................................................................................9

10 Endowment credit recapture tax ..............................................................................................................................................10

11 Other nonrefundable credits. List credit form(s)

__________________________________________________________

12 If a resident trust, add lines 7, 9 and 10. If a nonresident or resident part-year trust add lines 8 through 10. Subtract line 11

from the result. If zero or less, enter zero. Enter here and on Form FID-3, line 36. ESBT tax liability. .................................12

*13DT0701*