For a Trust, If you file State returns in multiple states for example Wisconsin and California, it appears that both states want to tax Capital gains and Real Estate. How do I tell What should be taxed by which state? Would I need to remove items from one state or other? if so where would I do it?
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1 Replies
Anonymous_
Level 15
Mar 1, 2024 1:43:03 PM
You'll have to use Forms Mode and you'll also have to determine which state is the "resident" state for the trust (state law varies).
Obviously, if the trust has income sourced to either state, a return most likely needs to be filed with that state.