Montana Form Pr 1 – Fill Out and Use This PDF

The Montana PR-1 form is an essential document for partnerships operating within Montana, particularly those with more than 100 partners as they are mandated to e-file. This form, known as the Montana Partnership Information and Composite Tax Return, requires detailed financial information, including a complete copy of the federal Form 1065 and all related forms and schedules. It serves a critical role in ensuring partnerships comply with Montana's state tax requirements. To ensure your partnership adheres to Montana tax laws, click the button below to begin filling out the form.

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Montana Form Pr 1 PDF Details

The Montana PR-1 form, an essential document for partnerships operating within the state, encompasses detailed information and composite tax return requirements for the respective tax year. It mandates partnerships with more than 100 partners to file electronically, promoting efficiency and environmental friendliness by reducing paper usage. This form serves as a comprehensive package, requiring the inclusion of a complete Federal Form 1065 along with all its related forms and schedules, ensuring all pertinent financial information is presented. It caters to various filing statuses by allowing entities to mark their returns as initial, final, amended, or refund returns. Critical financial details, from the partnership's distributive share of income items to deductions, are meticulously outlined, facilitating accurate and transparent reporting of the partnership’s financial activities. Additionally, the form addresses Montana specific additions and deductions to income, further tailoring the tax filing process to state-specific statutes and providing a detailed account of the partnership's taxable income within Montana. With sections addressing apportionment factors for multistate partnerships and composite income tax schedules, the PR-1 form ensures a comprehensive approach to tax reporting, reflecting Montana's commitment to capturing a full spectrum of income sources and allocations for precise tax assessment. Furthermore, it includes provisions for direct tax credits and recapture of credits, offering partnerships opportunities to benefit from state tax incentives while maintaining strict compliance with recapture rules when applicable.

Question	Answer
Form Name	Montana Form Pr 1
Form Length	6 pages
Fillable?	No
Fillable fields	0
Avg. time to fill out	1 min 30 sec
Other names	pr 1 form, montana partnership tax, montana form pr 12019, montana tax form pr1

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Form PR-1	Important! Partnerships with more than 100 partners are required to e-file this form.	P
No	2018 Montana Partnership Information and Composite Tax Return
No
Staples	Include a complete copy of federal Form 1065 and all related forms and schedules.

For calendar year 2018 or tax year beginning

MMDD 2 0 1 8

and ending

M MD DYYYY

Mark all that apply:

Initial return Final return Amended return Refund return

PTP

Name

Mailing Address

City	State Zip Code + 4

FEIN

Enter number of:

Schedules K-1 Included

Resident Partners

Nonresident Partners

Other Types of Partners

Date Registered in Montana

MT Secretary of State ID #

State formed in

Federal Business Code/NAICS

Partners’ Distributive Share of Income Items (Form 1065, Schedule K)
1.	Ordinary business income (loss)			1.
2.	Net rental real estate income (loss) (include federal Form 8825)			2.
3a.	Other gross rental income (loss)		3a.	00
b.	Expenses from other rental activities (include detailed statement)		3b.	00
c.	Subtract line 3b from line 3a. This is your other net rental income or loss			3c.
4.	Guaranteed payments			4.
5.	Interest income			5.
6.	Ordinary dividends			6.
7.	Royalties			7.
8.	Net short-term capital gain (loss) (include federal Schedule D, Form 1065)			8.
9.	Net long-term capital gain (loss) (include federal Schedule D, Form 1065)			9.
10.	Net section 1231 gain (loss) (include federal Form 4797)			10.
11.	Other income (loss) (include detailed statement)			11.
12.	Add lines 1 through 11 and enter result. This is your total federal income or loss			12.
Partners’ Distributive Share of Deduction Items (Form 1065, Schedule K)
13a.	Section 179 deduction (include federal Form 4562)			13a.
b.	Contributions			13b.
c.	Investment interest expense			13c.
d.	Section 59(e)(2) expenditures (include detailed statement)			13d.
e.	Other deductions (include detailed statement)			13e.
14.	Add lines 13a through 13e and enter result. This is your total federal deductions			14.
15.	Subtract line 14 from line 12. This is your federal income from all sources			15.
Partners’ Distributive Share of Montana Additions and Deductions to Income
16a.	Interest and dividends not taxable under the Internal Revenue Code		16a.	00
b.	Taxes based on income or profits		16b.	00
c.	Other additions (include detailed statement)		16c.	00
	Add lines 16a, 16b, and 16c; enter result. This is your total Montana additions to income			16.
17a.	Interest on U.S. government obligations (include detailed statement)		17a.	00
b.	Deduction for purchasing recycled material (include Form RCYL)....		17b.	00
c.	Other deductions (include detailed statement)		17c.	00
d.	Nonapportionable income/(loss) (include detailed statement)		17d.	00
	Add lines 17a through 17d; enter result. This is your total Montana deductions to income			17.
18.	Add lines 15 and 16, then subtract line 17 from that result			18.
Apportioned and Allocated Montana Source Income		Schedule I Not Required (see instructions)
19.	Income apportioned to Montana. Multiply line 18x		% (see instructions)	19.
20.	Income or loss allocated directly to Montana (see instructions)	........................................................		20.
21.	Add lines 19 and 20; enter result. This is your total Montana source income			21.

Office Use Only Date Received

*18DY0101*

Form PR-1, Page 2 - 2018		FEIN
Calculation of Amount Owed or Refund
22.	Enter your Montana total composite tax from Schedule IV, column H	...............................................	22.
23.	Enter the sum of pass-through withholding from all Montana Schedules K-1, part 5, line 2a		23.
Withholding
24 a. Total Montana mineral royalty tax withheld on your behalf (see instructions) 24a.			00
	b. Mineral royalty tax withheld distributed to partners	24b.	00
	c. Subtract 24b from 24a. Montana mineral royalty tax withheld attributable to partnership		24c.
25 a. Total Montana pass-through withholding paid on your behalf (see instructions)..25a.			00
	b. Montana pass-through withholding distributed to partners	25b.	00
	c. Subtract line 25b from 25a. Montana pass-through withholding attributable to partnership		25c.
26.	Add lines 24c and 25c. This is the total withholding payments attributable to partnership		26.

Return Payments

27 a.	2017 overpayment applied to 2018	27a.	00
b.	2018 estimated payments	27b.	00
c.	2018 extension payment	27c.	00
d.	For amended returns only—payments made with original return	27d.	00
e.	For amended returns only—previously issued refunds (see instructions) 27e.		00
f.	Add lines 27a through 27d, then subtract line 27e. This is your total return payments		27f.
28. Add lines 22 and 23, then subtract lines 26 and 27f. This is your amount due or (overpaid)			28.
Penalties and Interest (see instructions)
29 a. Partnership information return late filing penalty		29a.	00
b. Interest on underpayment of estimated composite tax		29b.	00
c. Composite income tax return late filing penalty		29c.	00
d. Late payment penalty		29d.	00
e. Interest		29e.	00
f.	Add lines 29a through 29e. This is your total penalties and interest		29f.
Amount Owed or Refund
30. Add lines 28 and 29f			30.
31. If line 30 results in an amount due, enter it here. This is the amount you owe			31.

Pay online at revenue.mt.gov. If writing a check, make it payable to MONTANA DEPARTMENT OF REVENUE.

32.If line 30 results in an overpayment, enter it here. This is your overpayment. Enter as a positive number. 32.

33.Enter the amount from line 32 that you want applied to your 2019 composite

.............................................................................................estimated tax	33.		00
34. Subtract line 33 from line 32 and enter the amount here. This is your refund		.................................	34.

Direct Deposit

1. RTN#

2. ACCT#

Your Refund

Complete 1, 2, 3 and 4

If using direct deposit, you are required to mark one box. ►

Checking

Savings

(see instructions).

Is this refund going to an account that is located outside of the

United States or its territories?

Yes

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.

Signature of Officer

Date

Printed Name and Title

Telephone Number

X ____________________________________________

Print/Type Preparer’s Name

Firm’s Name

Preparer’s SignatureDate

____________________________________	M M D D Y Y Y Y
Firm’s Address	Telephone Number

PTIN

Firm’s FEIN

May the DOR discuss this tax return with your tax preparer? Yes No

*18DY0201*

Form PR-1, Page 3 - 2018FEIN

Schedule I - Apportionment Factors for Multistate Partnerships

Enter amounts in columns A and B. Enter percentages in column C.

A. Everywhere

B. Montana.

C. Factor

1.Property Factor: Use average value for real and tangible personal property.

1a.	.............................................................................................Land				00			00
1b.	......................................................................................Buildings				00			00
....................................................................................1c. Machinery					00			00
1d.	Equipment	1d.			00			00
1e.	...................................................................Furniture and fixtures				00			00
1f.	.........................................................Leases and leased property				00			00
1g.	...................................................................................Inventories				00			00
1h.	........................................................................Depletable assets				00			00
1i.	........................................................................Supplies and other				00			00
..................1j. Property of foreign subs included in combined group					00			00
....1k. Property of unconsolidated subs included in combined group					00			00
1l.	.....Property of pass-through entities included in combined group				00			00
............................1m.Multiply amount of rents by 8 and enter result		1m.			00			00
....................................Total Property Value add lines 1a through 1m					00			00
Divide the total in column B by the total in column A. Multiply the result			by 100. This is your		property	factor	1.
2. Payroll Factor:
2a.	.............................................................Compensation of officers				00			00
2b.	.....................................................................Salaries and wages				00			00
	Payroll included in:
2c.	.....................................................................Costs of goods sold				00			00
2d.	..................................................Other expenses and deductions				00			00
2e.	....................Payroll of foreign subs included in combined group				00			00
2f.	........Payroll of unconsolidated subs included in combined group				00			00
2g.	......Payroll of pass-through entities included in combined group				00			00
........................................Total Payroll Value add lines 2a through 2g					00			00
Divide the total in column B by the total in column A. Multiply the result			by 100. This is your payroll			factor	2.
3. Gross Receipts Factor:
3a.	.............................Gross Receipts, less returns and allowances	3a.			00
3b.	Receipts delivered or shipped to Montana purchasers:
	.................................................................................(1) Shipped from outside Montana			3b.(1)				00
	...................................................................................(2) Shipped from within Montana			3b.(2)				00
3c. Receipts shipped from Montana to:
	........................................................................................(1) United States government			3c.(1)				00
	..........................................(2) Purchasers in a state where the taxpayer is not taxable							00
3d.	......................Receipts other than receipts of tangible personal property (e.g. service income)				3d.			00
3e.	........Net gains reported on federal Schedule D and Form 4797	3e.			00			00
3f.	....................Other gross receipts (rents, royalties, interest, etc.)				00			00
3g.	................Receipts of foreign subs included in combined group	3g.			00			00
3h.	...Receipts of unconsolidated subs included in combined group	3h.			00			00
3i. Receipts (pro-rata share) of pass-through entities
	. ................................................included in combined group				00			00
3j.	............................................Less: All intercompany transactions				00			00
......................................Total Receipts Value add lines 3a through 3j					00			00
Divide the total in column B by the total in column A. Multiply the result			by 100. This is your receipts			factor	3.
.................................................4. Add the percentages on lines 1, 2, and 3 in column C. This is the sum of your factors							4.

5.Divide the percentage on line 4 by the number of factors included in the calculation of line 4. If a property,payroll

or receipts factor is 0%, it is included in the calculation of line 4 if there’s is a value in column A (see instructions).
Enter the result here and also on page 1, line 19 of this form. This is your apportionment factor	5.

*18DY0301*

Form PR-1, Page 4 - 2018FEIN

	Schedule II - Montana Partnership Tax Credits

Type of Credit	Amount of Credit

Dependent Care Assistance Credit

include Form DCAC

College Contribution Credit

include Form CC

Health Insurance for Uninsured Montanans Credit

include Form HI

Recycle Credit

include Form RCYL

Alternative Energy Production Credit

include Form AEPC

Contractor’s Gross Receipts Tax Credit. If multiple CGR accounts, mark here.

CGR Account ID:

.......................................................................................................Alternative Fuel Credit

include Form AFCR

Infrastructure User Fee Credit

include Form IUFC

Historic Property Preservation Credit

include federal Form 3468

10.

Mineral and Coal Exploration Incentive Credit

include Forms MINE-CERT and MINE-CRED

11.

Empowerment Zone Credit

12.

Biodiesel Blending and Storage Credit

include Form BBSC

13.Innovative Educational Program Credit.............................................................................................................

14.Student Scholarship Organization Credit ..........................................................................................................

15. Emergency Lodging Credit

include Form ELC

16.Unlocking Public Lands Credit...........................................................................................................................

17.Apprenticeship Tax Credit..................................................................................................................................

Type of Credit Recapture		Amount of Credit
		Recapture
18.	Historic Property Preservation Credit Recapture	00
19.	Film Production Credit Recapture	00
20.	Biodiesel Blending and Storage Credit Recapture	00
21.	Oilseed Crushing and Biodiesel/Biolubricant Production Credit Recapture	00

When attributing any credit or credit recapture from a partnership to its partners, use the same proportion the partnership used to report each partner’s income or loss for Montana tax purposes. Include a detailed breakdown that shows each partner’s share of the credit or credit recapture.

Use Montana Schedule K-1 to notify each partner of the amount of credit available to the partner.

*18DY0401*

Form PR-1, Page 5 - 2018

FEIN

Schedule IV – Montana Partnership Composite Income Tax Schedule

Part I. Eligible Participating Partners

Enter the number of eligible participating partners. See instructions for more information about eligible participating partners.

Part II. Composite Tax Ratio	1		2	3
Use the amount in column 3	Enter the amount from		Enter the amount from		Divide column 2 by
to complete the calculation	page 1, line 15		page 1, line 21		column 1
to complete the calculation	page 1, line 15		page 1, line 21		Do not enter more than
in column H below.	of this form.		of this form.		1.000000
		00		00

Part III. Enter below in columns A through H the required information and amounts for each eligible participating partner.
	A	B	C		D		E		F		G		H
		Social security							Montana taxable				Montana composite
		number or	Partner’s share of						Montana taxable		Enter the appropriate		income tax. Multiply
	Name	number or	Partner’s share of		Standard		Exemption		income – Subtract		Enter the appropriate		income tax. Multiply
	Name	federal employer	federal income from		deduction		$2,440		columns D and E		tax from the tax table		column G times
		identification	entity		deduction		$2,440		columns D and E		below.		composite tax ratio
		identification	entity						from column C.		below.		composite tax ratio
		number							from column C.				from Part II.
		number											from Part II.
1.				00		00		00		00		00		00
2.				00		00		00		00		00		00
3.				00		00		00		00		00		00
4.				00		00		00		00		00		00
5.				00		00		00		00		00		00
6.				00		00		00		00		00		00
7.				00		00		00		00		00		00
8.				00		00		00		00		00		00
9.				00		00		00		00		00		00
10.				00		00		00		00		00		00
11.	Enter the total composite tax from all additional	pages, if used										11.		00
			Add column H, lines 1 through 11. This is your total composite income tax liability.											00
		Transfer the amounts from column H to each partner’s Montana Schedule K-1, Part 5, Line 1.

*18DY0501*

If additional space is needed, make copies of this page. Include all additional pages from line 11 with the tax return.

If Your Taxable	But Not More Than	Multiply Your	And Subtract	This Is Your
Income Is More Than	But Not More Than	Taxable Income By	And Subtract	Tax

$0	$3,000	1% (0.010)	$0
$3,000	$5,200	2% (0.020)	$30
$5,200	$8,000	3% (0.030)	$82
$8,000	$10,800	4% (0.040)	$162
$10,800	$13,900	5% (0.050)	$270
$13,900	$17,900	6% (0.060)	$409
	More Than $17,900	6.9% (0.069)	$570

Form PR-1, Page 6 - 2018FEIN

Schedule VI – Reporting of Special Transactions

Complete Schedule VI only if your partnership filed any of the federal income tax forms described below. Mark the appropriate box indicating which form(s) you filed with the Internal Revenue Service for this tax year. If your answer is “Yes” to one or more of these forms, you need to include a complete copy of your federal tax return Form 1065.

1.	The partnership filed federal Form 8918 – Material Advisor Disclosure Statement with the Internal
	Revenue Service.	Yes
	Material advisors to any reportable transactions must file Form 8918.
2.	The partnership filed federal Form 8824 – Like-Kind Exchanges with the Internal Revenue Service.	Yes
	NOTE: Mark the box if your like-kind exchange includes Montana property. Nonresidents do not	Yes

	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 partnership 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 partnership 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 you participated.

Complete this section if you made a disbursement to a related party.

5.During this tax year, the partnership made payments to one or more related parties

(excluding salary compensation) that exceed $100,000 per recipient.

If you answer “Yes” to this question, please provide the name and federal employer identification number of each related party below and the amount that you paid to each related party:

Name	FEIN	Amount of Payment
			00

			00

			00

Yes

*18DY0601*

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montana pr 1 writing process described (portion 1)

2. After this part is done, proceed to type in the relevant details in these: Ordinary business income loss, Partners Distributive Share of, Partners Distributive Share of, Interest and dividends not taxable, and Add lines a b and c enter result.

3. Completing Add lines a b and c enter result, Add lines a through d enter result, Apportioned and Allocated Montana, Schedule I Not Required see, Income apportioned to Montana, and Office Use Only Date Received is essential for the next step, make sure to fill them out in their entirety. Don't miss any details!

4. This next section requires some additional information. Ensure you complete all the necessary fields - Form PR Page Calculation of, FEIN, Enter your Montana total, Withholding, a Total Montana mineral royalty, a Total Montana passthrough, Return Payments, a overpayment applied to a b, Penalties and Interest see, and a Partnership information return - to proceed further in your process!

montana pr 1 conclusion process detailed (portion 4)

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5. Last of all, this last segment is what you need to complete prior to closing the form. The blanks under consideration include the following: a Partnership information return, Amount Owed or Refund, Add lines and f If line, Pay online at revenuemtgov If, If line results in an overpayment, Enter the amount from line that, Subtract line from line and, Direct Deposit Your Refund, Complete and, see instructions, RTN If using direct deposit you, Checking, ACCT, Yes, and Under penalties of false swearing.

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