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amohler
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Are tax refunds in a complex trust considered income?

 
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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.

Are tax refunds in a complex trust considered income?

Some states tax Federal tax refunds on the State return.
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