Actually, my main question is how to interpret the first sentence. As a software engineer by trade, I read this like a logic expression. If A is true OR B is true OR C is true then do not file. If the intent is that all three conditions must be true to omit filing, then I agree that the since the trust has a CA fiduciary then form 541 should be filed if the criteria you listed are met.
Do not file Form 541 if there are no California fiduciaries, California noncontingent beneficiaries, or California sourced income.
