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Does Montana conform to federal rules on gain exclusion on the sale of a personal residence ?

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Level 13

Download the MT Form 2 (2018) with instructions:

https://app.mt.gov/myrevenue/Endpoint/Form/337


We report using Federal Schedules.
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Level 13

Download the MT Form 2 (2018) with instructions:

https://app.mt.gov/myrevenue/Endpoint/Form/337


We report using Federal Schedules.
*******************************
"Level Up" is a gaming function, not a real life function.

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Level 15

Yes, MT has rolling conformity with the IRC.  Federal AGI as defined by the IRC is adopted under MT Code §15-30-2110 as modified by that section, which does not include §121 exclusion.

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Level 13
Yes, we have to Include it and also Exclude it, so that the Form 2 matches the 1040.
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"Level Up" is a gaming function, not a real life function.
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