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Are 529 CHET contributions made by a CT grantor Trust deductible on form CT-1041? Turbotax does not ask about 529 contributions made in 2019 and I can't find a definitive answer.
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I have looked at the Connecticut 1041 and 1041 instructions, as well as the CHET plan summary description, and do not see anything that indicates that this can be deducted from the trust return.
There is no area on the Form 1041 for Connecticut to deduct, and no mention of it in the description of other subtractions/adjustments allowed.
The CHET summary plan description outlines the deductible amount for individual filers and for joint filers but does not give allowances for trusts as some state plans do.
My conclusion would be that it is not allowed to be deducted from the trust return, but only from the personal income tax return of the grantor if the contribution is made by the individual.
Where does Turbo Tax ask me for my 529 plan contributions for 2020
@bankside In the CT return:
I cannot find this section in my CT tax preparation
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