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State tax filing
If you are a Utah resident, then that state can generally tax you on all income received while you were a resident.
You may be able to get some sort of credit if you paid income tax on the distribution to a nonresident state.
Also, if the trust paid tax on the income/gain and the distribution was that of corpus, then the distribution is likely not taxable.
Did you receive a K-1?
March 24, 2024
7:21 AM