State filing status for irrevocable trust

Forum|Forum|3 years ago
November 16, 2022
1 reply
27 views

My parent passed away in 2009 leaving an irrevocable trust inwhich I am the only trustee and beneficiary. The Trust owns property in Missouri and a brokerage account and I live in another state where I handle the trust matters. Is there a way that the trust can have a filing status in Missouri while I claim residency in another state?

DavidT0202

Level 5

Hi @jmb126502506

Since you have to file a return for the Trust that is separate from your individual tax return it is possible for the trust to have a state liability that you do not have.

HERE are the rules for filing a 1041 Trust tax return.

If you find your self stuck on filing this kind of return, TurboTax Business Desktop Software is easy to follow and will allow you to file a proper and accurate return.

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