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Level 3
April 18, 2022
Question

Montana 1041?

Does Montana require a 1041 return?  I am filing for federal but notice you can't add the 1041 for Montana. 

 

Thanks

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18 replies

KobebeanAuthor
Level 3
April 18, 2022

Thanks but I was referring to why doesn't ProSeries have a 1041 option on the state products.

qbteachmt
Level 15
April 18, 2022

"why doesn't ProSeries have a 1041 option on the state products."

Because it doesn't apply, or doesn't even exist, or there is something else you are supposed to be using, instead, which may or may not be in that program. Have you looked here:

https://proconnect.intuit.com/proseries/forms-finder/

You know not everything is in that program, right? And it seems you are looking for a form that doesn't exist. Did you read the info I provided? That's why I gave the links.

"The fiduciary of a resident estate or trust must file a Form FID-3 (Montana Income Tax Return for Estates and Trusts). The fiduciary of a nonresident estate or trust must file a Form FID-3 (Montana Income Tax Return for Estates and Trusts) if the estate or trust receives Montana source income or if at least one of the beneficiaries is a resident of Montana during the tax year. A return is not required if the total income of the estate or trust is less than $2,580."

...

"The 2021 Form FID-3 must be filed for the calendar year 2021 or the fiscal year beginning in 2021."

...

"Unless the tax return is filed electronically, a fiduciary must include a complete copy of federal Form 1041 and all related forms and schedules."

Don't yell at us; we're volunteers
qbteachmt
Level 15
April 18, 2022

You know there is no Form 1040 for Montana, as well, right? Because the MT Individual tax return is Form 2.

Fed Numbers don't translate into State Numbers.

Don't yell at us; we're volunteers
KobebeanAuthor
Level 3
April 18, 2022

Thanks Captain obvious but I am not doing a 1040 return.  You obviously don't prepare 1041 Trust returns.  There is no option to pick Montana as a state when filing a TRUST TAX return in Pro Series. Under state products when adding it lists 1041 and you check mark it. CA for example is 541 when you do the return.  I was asking why Pro Series doesn't support it. It appears MT has a Trust return that has to be filled out manually since Pro Series doesn't support for unknown reasons. 

Accountant-Man
Level 13
April 21, 2022

Pro Series doesn't prepare MT fiduciary returns. 

PS doesn't prepare many others,  either.

The end.

** I am "Elevating with Intention!"