FID-3: Montana Income Tax Return for Estates and Trusts (Form FID-3) (2024)
Montana · Montana DOR · Used for tax years 2024
Form FID-3 is the 2024 Montana Income Tax Return for Estates and Trusts. It reports the estate’s or trust’s income, Montana adjustments and deductions, tax liability, credits, payments, and any tax owed or refund.
What you'll need
- Federal return: Include a complete copy of federal Form 1041 and all related forms and schedules.
- Withholding forms: Include federal Forms W-2 and 1099 when reporting Montana income tax withheld on page 2, line 11a.
- Pass-through information, if applicable: Have Montana Schedules K-1 (PTE) available for reporting pass-through entity withholding, mineral royalty withholding, and pass-through entity tax.
- ESBT attachments, if applicable: Schedule IV calls for the federal income computation and statements for Montana additions and subtractions to ESBT income.
- Identification and beneficiary information: The form asks for the estate or trust's FEIN, fiduciary contact information, and beneficiary counts. Montana Schedule K-1 (FID-3) asks for each beneficiary's name, address, and FEIN or SSN.
- Direct deposit information, if requested: Provide the bank routing number, account number, and account type.
Common mistakes
- Using staples: The form says not to use staples.
- Leaving out federal attachments: Include a complete copy of federal Form 1041 and all related forms and schedules.
- Missing the required signature: The fiduciary, or an officer representing the fiduciary, must sign and date the return.
- Missing the foreign-account checkbox: If requesting direct deposit to an account outside the United States or its territories, mark the box in the direct deposit section.
- Completing special-transaction reporting unnecessarily: Complete Schedule V, Part I only if the estate or trust filed one of the federal forms listed there.
Questions people ask
Can an overpayment be applied to next year's estimated taxes?
Yes. On page 2, line 31, enter the amount of the overpayment from line 30 that the estate or trust wants applied to 2025 estimated taxes. The remaining amount goes on line 32 as the refund.
Can the refund be deposited directly into a bank account?
Yes. Complete the direct deposit section on page 3 with the routing number, account number, and checking or savings designation. Mark the box if the account is outside the United States or its territories.
What information does an amended return require?
Mark the amended return box on page 1. In Schedule V, Part II, mark the appropriate reason and identify the forms or schedules, lines or boxes, and reasons for the changes. Page 2 also asks for payments made with the original return and overpayments already refunded or applied to 2025.
How can the estate or trust pay the tax owed?
The form directs you to MTRevenue.gov for electronic payment options. If paying by check, make it payable to MONTANA DEPARTMENT OF REVENUE.
Can the Department of Revenue discuss the return with the tax preparer?
Yes. Mark the authorization box in the tax preparer section on page 3 to allow the department to discuss the return with the preparer.