I received payments under The Claims Resettlement Act of 2010 (Cobell). Are these payments taxable in Montana?
No. Amounts that are received as either a lump sum payment or periodic payments are not taxable in Montana and should not be included in your Montana gross income. Although these payments are not taxable in Montana, they must be included in your ‘gross household income’ if you are filing Form 2EC for the Montana Elderly Homeowner/Renter Credit.
Related Questions
- Is filing of return compulsory even if no taxable service provided or received or no payments received during a period (a particular half year)?
- Can a nonresident alien avoid U.S. income tax withholding on taxable payments received from MSU?
- Are payments received by adult foster care providers paid by a government agency taxable?
