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State tax filing
@garys_lucyl wrote:Trust. The fiduciary (or one of the fiduciaries) must file Form 541 for a trust if any of the following apply:
• Gross income for the taxable year of more than $10,000 (regardless of the amount of net income)
• Net income for the taxable year of more than $100
• An alternative minimum tax liability
Do you still have a question? Clearly, you are a fiduciary who is a California resident so you need to file a return for the trust if any of the other criteria are met.
June 24, 2020
2:31 PM