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Deductions & credits
I received this income as one of the Trust beneficiaries. The fiduciary has filed the NM tax return along with the full tax payment owed by all the beneficiaries. I was instructed by the fiduciary to include two forms with my CA tax return to substantiate the credit I am claiming:
1) Schedule E, filed with the Trustee's 2019 Federal income tax return (by the fiduciary)
2) New Mexico Form Fid-1, Fiduciary Income Tax Return for 2019, with me listed as beneficiary
March 26, 2020
1:40 PM