Income/Franchise:
Montana DOR Explains Credit for Income Taxes Paid to Another State or Country for PTE Taxes
Credit For Income Taxes Paid To Another State Or Country For Pass-Through Entity Taxes, Mont. Dept. of Rev. (12/1/22). The Montana Department of Revenue (Department) explains that Montana residents who are owners of a pass-through entity (PTE) that paid income taxes in another state may be eligible for Montana’s credit for the income taxes paid to another state. According to the Department, the credit is available for a Montana resident’s distributive share of an income tax imposed by and paid to another state on the PTE’s activity in that state, and the tax may be paid by the owner or the PTE itself. Please contact us with any questions.
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