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Get your taxes done using TurboTax
1) Yes, you need to send the K-1s for California to the beneficiaries as well. There may be differences between the Federal and California K-1s.
2) Yes, if the trust distributed all of the income to the beneficiaries they pay the tax due as part of their person returns instead of the trust paying the tax at the trust level.
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March 15, 2020
12:13 PM
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