ARM 42.15.221

ARM 42.15.221. DEPENDENT CHILD UNEARNED INCOME EXCLUSION

SupersededLast amended: 2004Length: 59 wordsOfficial source

Cite as Mont. Admin. R. 42.15.221

(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.
ARM 42.15.221: ARM 42.15.221. DEPENDENT CHILD UNEARNED INCOME EXCLUSION | Justis AI