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tkhight
New Member

Does trust income apply to state of trust origin or current state of residence?

we moved mid year from CA to OR, but trust income (capital gains) originating in CA was recieved once we were in OR
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1 Reply
MarilynG1
Expert Alumni

Does trust income apply to state of trust origin or current state of residence?

Any 'California source' income needs to be reported on a California tax return.

 

It sounds like you would need to file a Part-Year Resident return there to report Capital Gains income.

 

Did you receive a K-1 from the trust to report the income?   Here's more info on Schedule K-1 for Trusts. 

 

If the income was from a one-time sale, the date of the sale would determine where it was reported. 

 

If the income was ongoing throughout the year (dividends, for example), you could split it according to time lived in each state.

 

Here's more info How to File a Part-Year Resident Return

 

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