Administrative Rules of Montana
Department 42 - REVENUE
Chapter 42.15 - INCOME TAX
Subchapter 42.15.2 - Montana Additions and Subtractions
Rule 42.15.221 - DEPENDENT CHILD UNEARNED INCOME EXCLUSION

Universal Citation: MT Admin Rules 42.15.221

Current through Register Vol. 18, September 20, 2024

(1) The unearned income of a dependent child that is included in a parent's federal adjusted gross income pursuant to the IRC is exempt from taxation if for the tax year:

(a) the child is not required to file a Montana individual income tax return; or

(b) the child filed a Montana individual income tax return reporting the income.

15-30-2620, MCA; IMP, 15-30-2110, MCA;

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Administrative Rules of MontanaDepartment 42 - REVENUEChapter 42.15 - INCOME TAXSubchapter 42.15.2 - Montana Additions and SubtractionsRule 42.15.221 - DEPENDENT CHILD UNEARNED INCOME EXCLUSION

Administrative Rules of Montana
Department 42 - REVENUE
Chapter 42.15 - INCOME TAX
Subchapter 42.15.2 - Montana Additions and Subtractions
Rule 42.15.221 - DEPENDENT CHILD UNEARNED INCOME EXCLUSION