turbotax icon
cancel
Showing results for 
Search instead for 
Did you mean: 
turbotax icon
cancel
Showing results for 
Search instead for 
Did you mean: 
Announcements
Close icon
Do you have a TurboTax Online account?

We'll help you get started or pick up where you left off.

mganter47
New Member

Trust state business income tax required in Texas & K-1

I have a trust with $500 of dividend income for 2023.  Why does turbotax state that I am required to file a state business income tax return in Texas?

 

Also, none of the dividend income was distributed.  Is a K-1 required?

x
Do you have an Intuit account?

Do you have an Intuit account?

You'll need to sign in or create an account to connect with an expert.

1 Reply

Trust state business income tax required in Texas & K-1

See https://comptroller.texas.gov/taxes/franchise/faq/taxable-entities.php

 

 

 


@mganter47 wrote:

Also, none of the dividend income was distributed.  Is a K-1 required?


No, not if the trust assumes any tax liability.

message box icon

Get more help

Ask questions and learn more about your taxes and finances.

Post your Question
Manage cookies