Sign Up

Why sign in to the Community?

  • Submit a question
  • Check your notifications
or and start working on your taxes
cancel
Showing results for 
Search instead for 
Did you mean: 
amohler
New Member

Are tax refunds in a complex trust considered income?

 
2 Replies
TomD8
Level 15

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.
SweetieJean
Level 15

Are tax refunds in a complex trust considered income?

Some states tax Federal tax refunds on the State return.
Dynamic AdsDynamic Ads
Privacy Settings
v