I'm doing the taxes for an Estate. Decedent was a resident of CA, all beneficiaries are residents of CA, and 99% of the income is from rental real estate in Idaho. The remaining 1% of income is interest and dividends totaling $358 from a stock (Payer's state = KY) and an interest in a partnership (Partnership's state = TX). The registration of the stock and the interest in the partnership should have been transferred to one of the beneficiaries but that was not done until 2020.
The estate distributed all income to the beneficiaries. TurboTax Business informed me that I needed to file an ID fiduciary return (not supported by the software but I figured it out on my own) but did not say anything about California. I also did the same tax return in Intuit's ProConnect Tax app (online), where it generated an Idaho fiduciary return but not a California one.
I see the CA FTB says the following about who should NOT file a Form 541: Do not file Form 541 if there are no California fiduciaries, California noncontingent beneficiaries, or California sourced income.
So ... do I need to file CA 541?