Form 2 - Schedule Vi-Credit For An Income Tax Liability Paid To Another State Or Country Full-Year Resident Only - 2012

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Form 2, Page 9 – 2012
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
Full-year Resident Only
joint, separate, or head
when fi ling separately
File Schedule VI with your Montana Form 2.
of household)
using fi ling status 3a)
1 Enter your income taxable to another state or country that is included in Montana adjusted gross income
on Form 2, line 41 ..........................................................................................................................................
1
00
00
2 Enter your total income from the other state or country you used in calculating your income tax paid to
that state or country. Include in this total all income exempt from Montana income tax that was subject to
tax in the other state or country. Indicate state’s abbreviation.
2
00
00
3 Enter your total Montana adjusted gross income from Form 2, line 41 .........................................................
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 from Form 2, line 48 ....................................................................................
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
Schedule VII – Credit for an Income Tax Liability Paid to Another State or Country
Column A (for single,
Column B (for spouse
Part-year Resident Only
joint, separate, or head
when fi ling separately
File Schedule VII with your Montana Form 2.
of household)
using fi ling status 3a)
1 Enter your income taxable to another state or country that is included in Montana source income on
Form 2, Schedule IV, line 16, total Montana source income .........................................................................
1
00
00
2 Enter your total income from the other state or country you used in calculating your income tax paid to
that state or country. Include in this total all income exempt from Montana income tax that was subject to
tax in the other state or country. Indicate state’s abbreviation.
2
00
00
3 Enter your total Montana source income from Form 2, 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 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 foreign taxes paid 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 an income 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 or VII 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 using Form 2, Schedule IV before completing Form 2, Schedule VII.
*12CL0101*
*12CL0101*

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