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Montana Estates and Trusts (Fiduciary) Income Tax Return
Extracted from PDF file 2023-montana-form-fid-3.pdf, last modified September 2019Estates and Trusts (Fiduciary) Income Tax Return
Form FID-3 2023 Montana Income Tax Return for Estates and Trusts No Staples Page 1 Include a complete copy of the federal Form 1041 and all related forms and schedules. For calendar year 2023 or tax year beginning M M D D 2 0 2 3 and ending M M D D Y Y Y Y Mark all that apply. Initial return Final return Amended return Refund return Estate or filing trust made a Section 645 election Name of Estate or Trust Date Entity Created M M D D Y Y Y Y Enter number of: Schedules K-1 included Resident beneficiaries Nonresident beneficiaries Other types of beneficiaries Mailing Address City State ZIP Code + 4 Bankruptcy estate (Chapter 7) Income FEIN Name and Title of Fiduciary Entity Type. Mark all that apply. Decedent’s estate Qualified disability trust Simple trust ESBT Complex trust Grantor type trust Deductions and Exemptions F Clear Form Bankruptcy estate (Chapter 11) Pooled income fund Qualified funeral trust Other Residency Status Resident Resident part-year Nonresident State moved to State moved from Date of change M M D D Y Y Y Y Enter amounts on lines 1 through 17 corresponding to your federal return. Round to the nearest dollar. If no entry, leave blank. 1 Interest income 1 00 2 Ordinary dividends 2 00 3 Business income or (loss) 3 00 Federal Business Code/NAICS 4 Capital gain or (loss) 4 00 5 Rents, royalties, partnerships, other estates and trusts, etc. 5 00 6 Farm income or (loss) 6 00 7 Ordinary gain or (loss) 7 00 8 Other income. List type 00 and amount. 8 9 Add lines 1 through 8. 00 This is your total federal income. 9 Line 9 must equal the total income reported on federal Form 1041 (See instructions for Electing Small Business Trust). 10 Interest 10 00 11 Taxes (do not include federal income tax deduction) 11 00 12 Fiduciary fees 12 00 13 Charitable deduction 13 00 14 Attorney, accountant, and return preparer fees 14 00 15a Other deductions (include schedule) 15a 00 15b Net operating loss deduction (See instructions) 15b 00 16 Add lines 10 through 15b 16 00 17 Federal adjusted total income or (loss). Subtract line 16 from line 9. 17 00 (The amount on this line must equal federal Form 1041, line 17.) 18 Montana additions from Schedule A, line 9 18 00 19 Montana deductions and subtractions from Schedule B, line 10 19 00 20 Add lines 17 and 18, then subtract line 19. 00 This is your Montana adjusted total income or (loss). 20 21 Montana income distribution deduction from Schedule C, line 13, but not less than zero 21 00 22 Federal taxes paid or accrued on undistributed income 22 00 2 9 6 0 00 23 Exemption 23 24 Subtract lines 21, 22, and 23 from line 20. 00 This is your Montana taxable income. 24 Office Use Only Date Received *23DT0101* *23DT0101* 2023 v3 8/2023 Form FID-3, Page 2 – 2023 FEIN Penalties Tax and Interest Payments and Refundable Credits Taxes and Credits 25 Montana taxable income from line 24 25 26 Tax from the tax table. If line 25 is zero or less, enter 0. 26 27 Resident capital gains tax credit on undistributed capital gains from Schedule E, line 4 27 28 Subtract line 27 from line 26. If zero or less, enter 0. This is your resident tax after capital gains tax credit. 28 28a Nonresident, part-year resident tax after capital gains credit from Schedule F, line 18, but not less than zero 28a 29 Tax on lump sum distributions 29 30 Add line 28 or 28a and line 29. This is your total tax. 30 31 Credit for taxes paid to other states or countries (See instructions) 31 32 Other nonrefundable credits. List credit forms. 32 33 Add lines 31 and 32. This is your total nonrefundable credits. 33 34 Subtract line 33 from line 30. If zero or less, enter 0. 34 35 Endowment credit recapture tax 35 36 Add lines 34, 35, and the ESBT tax liability from Schedule G, line 16. This is your tax liability. 36 37a Total Montana income tax withheld. Include federal Forms W-2 and 1099. 37a 00 37b Montana income tax withheld allocated to beneficiaries 37b 00 37 Subtract line 37b from 37a. This is your Montana income tax withheld allocable to the estate or trust. 37 38a Total Montana pass-through entity tax reported on 38a 00 Montana Schedules K-1 (PTE), Part 5, line 1 38b Montana pass-through entity tax allocated to beneficiaries 38b 00 38 Subtract line 38b from 38a. This is your Montana pass-through entity tax allocable to the estate or trust. 38 39a Total Montana pass-through entity withholding from 39a 00 Montana Schedules K-1 (PTE), Part 5, line 3c 39b Montana pass-through entity withholding allocated to beneficiaries 39b 00 39 Subtract line 39b from 39a. This is your Montana pass-through entity withholding allocable to the estate or trust. 39 40a Total Montana mineral royalty tax withheld from federal Forms 1099 or 40a 00 Montana Schedules K-1 (PTE), Part 5, line 4 40b Mineral royalty tax withheld allocated to beneficiaries 40b 00 40 Subtract line 40b from 40a. This is your mineral royalty tax withheld allocable to the estate or trust. 40 41 2023 estimated tax payments 41 42 Overpayment applied from the 2022 return 42 43 Other Payments 43 44 If filing an amended return, payments made with original return 44 45 If filing an amended return, enter overpayments already refunded or applied to 2024. 45 46 Refundable credits. List credit forms. 46 47 Add lines 37 through 44 and 46, then subtract line 45. This is your total payments and refundable credits. 47 48 If line 36 is greater than line 47, subtract line 47 from line 36. This is your tax due. 48 49 If line 47 is greater than line 36, subtract line 36 from line 47. This is your tax overpaid. 49 50 Interest on underpayment of estimated taxes (See instructions) 50 51 Late filing, late payment penalties and interest (See instructions and table) 51 52 Other penalties (See instructions) 52 53 Add the amounts on lines 50 through 52. This is your total penalties and interest. 53 00 00 00 00 00 00 00 00 00 00 00 00 00 00 00 00 00 00 00 00 00 00 00 00 00 00 00 00 00 00 Continue to page 3 for the calculation of the amount the entity owes or its refund. 2023 Montana Fiduciary Income Tax Table And This Is And This Is Multiply Multiply If Your Taxable But Not If Your Taxable But Not Income Is More More Than Your Taxable Subtract Your Tax Income Is More More Than Your Taxable Subtract Your Tax Income By Income By Than Than $0 $3,600 1% (0.010) $0 $13,000 $16,800 5% (0.050) $326 $3,600 $6,300 2% (0.020) $36 $16,800 $21,600 6% (0.060) $494 $6,300 $9,700 3% (0.030) $99 More Than $21,600 6.75% (0.0675) $656 $9,700 $13,000 4% (0.040) $196 For example: Taxable income $6,800 X 3% (0.030) = $204 $204 minus $99 = $105 tax Questions? Call us at (406) 444-6900, or Montana Relay at 711 for the hearing impaired. *23DT0201* *23DT0201* Amount the Entity Owes or Its Refund Form FID-3, Page 3 – 2023 FEIN 54 If the estate or trust has a tax due (amount on line 48), add lines 48 and 53 or, if the estate or trust has a tax overpayment (amount on line 49) and it is less than line 53, subtract line 49 from line 53. Enter the result. This is the amount the estate or trust owes. 54 Why not e-pay? See your options at MTRevenue.gov. If writing a check, make it payable to MONTANA DEPARTMENT OF REVENUE. 55 If the estate or trust has a tax overpayment (amount on line 49) and it is greater than line 53, subtract line 53 from line 49. Enter the result. This is your overpayment. 55 56 Enter the amount on line 55 that the estate or trust wants applied to the 2024 estimated tax 56 57 Subtract line 56 from line 55. Enter the result. This is your refund. 57 To direct deposit your refund, complete 1, 2, 3 and 4. (See instructions) 1. RTN# 2. ACCT# 3. If using direct deposit, the estate or trust is required to mark one box. Checking Savings 4. Is this refund going to an account that is located outside of the United States or its territories? Yes 00 00 00 00 No Under penalties of false swearing, I declare that I have examined this return, including accompanying schedules and statements, and to the best of my knowledge and belief, it is true, correct, and complete. FEIN of Fiduciary (if a financial institution) Signature of Fiduciary (or officer representing fiduciary) Date Telephone Number X___________________________________________________ M M D D Y Y Y Y Print/Type Preparer’s Name Preparer’s Signature _____________________________________ Firm’s Name Date MM D D Y Y Y Y Firm’s Address PTIN Firm’s FEIN Telephone Number Mark the box to allow your tax preparer to discuss this return with us. Send your completed Form FID-3 to: Montana Department of Revenue PO Box 8021 Helena, MT 59604-8021 Schedule A – Schedule of Additions 1 2 3 4 5 6 7 8 9 Interest and mutual fund dividends from state, county, or municipal bonds from other states Dividends not included in federal total income Taxable federal refund Other recoveries of amounts deducted in earlier years that reduced Montana taxable income All state and local taxes included on page 1, line 11 Expenses allocated to U.S. obligations Federal net operating loss carryover included on page 1, line 15b Other income. List type and amount. Add lines 1 through 8. Enter the total on page 1, line 18. This is your total additions. *23DT0301* *23DT0301* 1 2 3 4 5 6 7 8 9 00 00 00 00 00 00 00 00 00 Form FID-3, Page 4 – 2023 FEIN Schedule B – Schedule of Deductions/Subtractions 1 2 3 4 5 6 7 8 9 10 1 Exempt interest and mutual fund dividends from federal bonds, notes, and other obligations 2 State tax refunds included on page 1, line 8 3 Other recoveries of amounts deducted in earlier years that did not reduce Montana taxable income 4 Partial Pension, Annuity, and IRA income exemption (See worksheet and instructions) 5 Subtraction for federal taxable U.S. Railroad Retirement Board benefits (Tier I and Tier II) 6 Expenses allocated to other states’ interest and mutual fund dividends 7 Montana net operating loss carryover from Montana Form NOL 8 State and local taxes (limited to $10,000, see instructions) Other subtractions. List type and amount. 9 Add lines 1 through 9. Enter the total on page 1, line 19. This is your total deductions/subtractions. 10 00 00 00 00 00 00 00 00 00 00 Schedule C – Montana Distributable Net Income (MDNI) and Montana Income Distribution Deduction (MIDD) 1 Montana adjusted total income or (loss) from page 1, line 20. 1 00 2 00 This is your total net capital gains. 3 00 This is your Montana distributable net income. 4 5 00 00 7 8 9 10 11 12 00 00 00 00 00 00 13 00 If Montana adjusted total income and the total from page 1, line 4 are losses, use the smaller loss. 2a Add: Federal tax-exempt income (gross) 2b Less: Expenses allocated to federal tax-exempt income 2c Add: Income from federal obligations that is tax-exempt for Montana 2d Less: Expenses allocated to income from federal obligations that are tax-exempt for Montana 2e Add: Expenses allocated to non-Montana municipal income taxable to Montana 2f Less: Non-Montana municipal income taxable to Montana 2 Montana adjusted tax-exempt interest income 3a Enter the amount from federal Form 1041, Schedule B, line 3 3b Enter the amount from federal Form 1041, Schedule B, line 4 3c Enter the amount from federal Form 1041, Schedule B, line 5 3 Add lines 3a through 3c. 4 If the amount on page 1, line 4 is a gain, enter as a negative number. If the amount on page 1, line 4 is a loss, enter the loss as a positive number. 5 Combine lines 1 through 4. If zero or less, enter 0. 6 If a complex trust, enter the accounting income for the tax year 2a 2b 2c 00 00 00 2d 2e 2f 00 00 00 3a 3b 3c 00 00 00 6 00 as determined under the governing instrument 7 Income required to be distributed currently 8 Other amounts paid, credited, or otherwise required to be distributed 9 Add lines 7 and 8. This is your actual total distributions for the year. 10 Tax-exempt income included in actual distributions included on line 9 11 Subtract line 10 from line 9. This is your tentative income distribution deduction based on actual distributions. 12 Subtract line 2 from line 5. If zero or less, enter 0. This is your tentative income distribution deduction. 13 Enter the smaller of line 11 or line 12 here, and on page 1, line 21. If zero or less, enter 0. This is your Montana income distribution deduction. *23DT0401* *23DT0401* Form FID-3, Page 5 – 2023 FEIN Schedule D – Beneficiaries and Montana Income Distributions A Montana Schedule K-1 is required for every beneficiary receiving a Montana income distribution. If more than 8 beneficiaries, see instructions. 1 Name SSN FEIN 1a Share of federal distribution deduction 1a 1b Share of Montana distribution deduction 1b 1c Difference (line 1a minus line 1b) 1c 2 3 4 5 6 7 8 Name SSN Name SSN Name SSN Name SSN Name SSN Name SSN Name SSN FEIN FEIN FEIN FEIN FEIN FEIN FEIN 00 00 00 2a Share of federal distribution deduction 2b Share of Montana distribution deduction 2c Difference (line 2a minus line 2b) 2a 2b 2c 00 00 00 3a Share of federal distribution deduction 3b Share of Montana distribution deduction 3c Difference (line 3a minus line 3b) 3a 3b 3c 00 00 00 4a Share of federal distribution deduction 4b Share of Montana distribution deduction 4c Difference (line 4a minus line 4b) 4a 4b 4c 00 00 00 5a Share of federal distribution deduction 5b Share of Montana distribution deduction 5c Difference (line 5a minus line 5b) 5a 5b 5c 00 00 00 6a Share of federal distribution deduction 6b Share of Montana distribution deduction 6c Difference (line 6a minus line 6b) 6a 6b 6c 00 00 00 7a Share of federal distribution deduction 7b Share of Montana distribution deduction 7c Difference (line 7a minus line 7b) 7a 7b 7c 00 00 00 8a Share of federal distribution deduction 8b Share of Montana distribution deduction 8c Difference (line 8a minus line 8b) 8a 8b 8c 00 00 00 *23DT0501* *23DT0501* Form FID-3, Page 6 – 2023 FEIN Schedule E – Resident Capital Gains Tax Credit Calculation 1 2 3 4 Enter the capital gain or (loss) from page 1, line 4 Enter the net capital gains reported on federal Form 1041, Schedule D, Part III, line 19, column (1) Beneficiaries Subtract line 2 from line 1. If this line is zero or less, you cannot claim a capital gains credit. Multiply line 3 by 2% (.02). Enter here and on page 2, line 27. This is your allowable resident capital gains tax credit. Schedule F – Nonresident /Part-Year Resident Estate and Trust Tax 00 00 00 00 1 2 3 4 A Total undistributed income B Montana source income included in column A 1 2 3 4 00 00 00 00 5 6 7 8 00 00 00 00 00 00 00 00 municipal bonds 9 10 11 00 00 00 00 00 00 Montana taxable income 12 13 00 00 00 00 Column B is the estate or trust’s Montana source income. 14 00 00 1 Interest income 2 Ordinary dividends 3 Business income or (loss) 4 Capital gain or (loss) 5 Rental real estate, royalties, partnerships, S corporations, other estates, and trusts, etc. 6 Farm income or (loss) 7 Ordinary gain or (loss) 8 Other income 9 Interest and mutual fund dividends from other states’ state, county, or 10 Dividends not included in total federal income 11 Taxable federal refund 12 Other recoveries of amounts deducted in earlier years that reduced 13 Other additions to income and adjustments 14 Add lines 1 through 13 and enter the result here. 15 Divide the amount in column B, line 14 by the amount in column A, line 14 and enter result here. Round to 6 decimal places and do not enter more than 1.000000. 16 Enter the tax from page 2, line 26 17 Multiply column B, line 4 by 2% (.02). This is your nonresident/part-year resident capital gains credit. 18 Multiply the tax on line 16 by the percentage on line 15 and deduct line 17. Enter the result here and on page 2, line 28a. 15 16 17 . This is your estate or trust nonresident/part-year resident tax after capital gains tax credit. 18 00 00 00 00 00 00 00 Schedule F applies to nonresident and part-year resident estates and trusts only. The fiduciary will use this schedule to compute the ratio of undistributed Montana source income to total undistributed income. This ratio is then multiplied by the tax from page 2, line 26, and reduced by the capital gains credit on Schedule F, line 17, to determine the nonresident or part-year resident tax to be reported on page 2, line 28a. Column A – For lines 1 through 13, start with the corresponding line on page 1 and reduce that amount by any income distributed to the beneficiaries. Column B – For lines 1 through 13, report the amount of Montana source income included in column A. *23DT0601* *23DT0601* Form FID-3, Page 7 – 2023 FEIN Schedule G – S Portion Tax Calculation of ESBT 1 Total federal adjusted ESBT income (See instructions and include federal computation) 2 Montana additions to ESBT income (Include statement) 2 00 3 Montana deductions from ESBT income (Include statement) 3 00 4 Add lines 1 and 2, then subtract line 3. This is your Montana adjusted ESBT income. 5 Federal income tax paid or accrued on ESBT income 6 Subtract line 5 from line 4. This is your Montana taxable ESBT income. 7 Tax from tax table. If line 6 is zero or less, enter 0. 7 00 8 Montana source income 8 00 9 Divide line 8 by line 4 (round to 6 decimal places). This is your nonresident ratio. 10 Multiply line 7 by line 9. This is your nonresident/part-year resident tax. 11 Capital gains credit. (See instructions) 1 00 4 5 6 00 00 00 9 10 11 . If you are a resident or part-year resident trust, complete line 12. If you are a nonresident trust, skip line 12. 12 13 14 15 00 00 00 00 This is your S portion tax liability. 16 00 12 Enter the total credit for income taxes paid to another state or country (See instructions) 13 Other nonrefundable credits. List credit forms 14 Combine lines 11 through 13 15 Endowment credit recapture tax 16 If a resident trust, add lines 7 and 15, or if a nonresident or part-year resident trust, add lines 10 and 15. Subtract line 14 from the result. If zero or less, enter 0. Enter here and include on page 2, line 36. 00 00 Schedule H – Reporting of Special Transactions, NOL and Amended Return Information Part I. Reporting of Special Transactions Complete this part only if the estate or trust filed any of the federal income tax forms described below. Mark the appropriate box indicating which form the estate or trust filed with the Internal Revenue Service for this tax year. 1 The estate or trust filed federal Form 8918 – Material Advisor Disclosure Statement with the Internal Revenue Service. Yes Material advisors are required to file Form 8918 for any reportable transactions. 2 The estate or trust filed federal Form 8824 – Like-Kind Exchanges with the Internal Revenue Service. Yes NOTE: Mark the box if the like-kind exchange includes Montana property. Nonresidents do not have to report a like-kind exchange if the properties involved do not include Montana property. Use Form 8824 to report each exchange of business or investment property for property of a like kind. 3 The estate or trust filed federal Form 8865 – Return of U.S. Persons With Respect to Certain Foreign Partnerships with the Internal Revenue Service. Yes Use Form 8865 to report the information required under 26 USC 6038 (reporting with respect to controlled foreign partnerships), section 6038B (reporting of transfers to foreign partnerships), or section 6046A (reporting of acquisitions, dispositions, and changes in foreign partnership interest). 4 The estate or trust filed federal Form 8886 – Reportable Transaction Disclosure Statement with the Internal Revenue Service. Yes Use Form 8886 to disclose information for each reportable transaction in which the estate or trust participated. Part II. Farming Business Net Operating Loss Carryback Waiver Mark the box if you do not want to carry back your farming business net operating loss. You must make this election by the due date (including extension) for filing your income tax return. Part III. Amended Return Information Mark the appropriate box. a NOL carryback b Federal audit c Amended federal return d Filing status e Other In the table below, indicate the reasons for the changes you made to your Montana tax return. Form or Schedule Line or Box Reason *23DT0701* *23DT0701* Montana Schedule K-1 (FID-3) Part 5 Part 4 Supplemental Beneficiary’s Share of Montana Information Source Income (Loss) Part 3 Montana Adjustments Part 2 Beneficiary Information Part 1 Estate or Trust Information Beneficiary’s Share of Income (Loss), Deductions, Credits, etc. For calendar year 2023 or tax year beginning M M D D 2 0 2 3 and ending M M D D Y Y Y Y Mark applicable boxes: Name of Estate or Trust Final Schedule K-1 Amended Schedule K-1 FEIN Fiduciary’s Name Mailing Address City State ZIP Code Beneficiary’s Name FEIN OR SSN Mailing Address City State What type of entity is this beneficiary? If beneficiary is an individual, estate, or trust, the beneficiary is a: ZIP Code Full-year resident Part-year resident A Montana additions to income. Adjustment for smaller federal estate and trust taxable distributions. A 00 Adjustment for larger federal estate and trust taxable distribution. B 00 Interest income Dividends Business income or (loss) Capital gain or (loss) Rents, royalties, partnerships, S corporations, other estates and trusts, etc. Net farm income or (loss) Ordinary gain or (loss) Other income. List type Montana source additions to income reported on Form FID-3, Schedule A. Include a list with types and amount. 1 2 3 4 5 6 7 8 00 00 00 00 00 00 00 00 and amount. 9 00 and amount. 1 2 3 00 00 00 B Montana deductions from income. 1 2 3 4 5 6 7 8 9 Nonresident 1 Montana mineral royalty tax withheld 2 Federal income tax paid or incurred allocated to beneficiary. (See instructions) 3 Other information. List type *23DT0801* *23DT0801*
Form FID-3
More about the Montana Form FID-3 Corporate Income Tax Tax Return TY 2023
We last updated the Estates and Trusts (Fiduciary) Income Tax Return in January 2024, so this is the latest version of Form FID-3, fully updated for tax year 2023. You can download or print current or past-year PDFs of Form FID-3 directly from TaxFormFinder. You can print other Montana tax forms here.
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TaxFormFinder has an additional 78 Montana income tax forms that you may need, plus all federal income tax forms.
| Form Code | Form Name |
|---|---|
| Form INA-CT | Affidavit of Inactivity for Corporations, Partnerships and Disregarded Entities (OBSOLETE) |
| Form WE-ELECT | Water's Edge Election |
| Form MSA | Montana Medical Care Savings Account (DISCONTINUED) |
| Form CR-T | Application for Tax Certificate |
| Form AFCR | Alternative Fuel Credit |
View all 79 Montana Income Tax Forms
Form Sources:
Montana usually releases forms for the current tax year between January and April. We last updated Montana Form FID-3 from the Department of Revenue in January 2024.
Form FID-3 is a Montana Corporate Income Tax form. Like the Federal Form 1040, states each provide a core tax return form on which most high-level income and tax calculations are performed. While some taxpayers with simple returns can complete their entire tax return on this single form, in most cases various other additional schedules and forms must be completed, depending on the taxpayer's individual situation, to create a complete income tax return package.
About the Corporate Income Tax
The IRS and most states require corporations to file an income tax return, with the exact filing requirements depending on the type of company.
Sole proprietorships or disregarded entities like LLCs are filed on Schedule C (or the state equivalent) of the owner's personal income tax return, flow-through entities like S Corporations or Partnerships are generally required to file an informational return equivilent to the IRS Form 1120S or Form 1065, and full corporations must file the equivalent of federal Form 1120 (and, unlike flow-through corporations, are often subject to a corporate tax liability).
Additional forms are available for a wide variety of specific entities and transactions including fiduciaries, nonprofits, and companies involved in other specific types of business.
Historical Past-Year Versions of Montana Form FID-3
We have a total of twelve past-year versions of Form FID-3 in the TaxFormFinder archives, including for the previous tax year. Download past year versions of this tax form as PDFs here:
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