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State tax filing
Florida does not levy an income tax on individuals or trusts.
As a result, you need to figure out whether Massachusetts will assert that the trust is a "resident" that is subject to be taxed regardless of where the trustee resides.
Note that if this is a grantor trust, then it is likely disregarded for federal and Massachusetts income tax purposes and any tax liability would devolve to the grantor individually.
March 18, 2024
1:52 PM