583610

Are tax refunds in a complex trust considered income?

posted

Connect with an expert

2 Replies

Are tax refunds in a complex trust considered income?

A federal income tax refund is not taxable income on a federal return. State income tax refunds may be taxable income, depending on what was deducted on the previous year's return.

**Answers are correct to the best of my ability but do not constitute tax or legal advice.

Are tax refunds in a complex trust considered income?

Some states tax Federal tax refunds on the State return.

Still have questions?

Questions are answered within a few hours on average.

Post a Question

*Must create login to post