Business & farm

Re the out of state issue, you will most likely have to file a (non-resident) state return for the trust as well as the federal return as the trust has income sourced to that state. 

 

In which state is the property located? You might want to check the state taxing authority's web site in that state for the filing requirements. If you need to file a return, you can purchase that state from within TurboTax Business.