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Level 1
posted Nov 16, 2022 9:36:54 AM

State filing status for irrevocable trust

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?

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1 Replies
Expert Alumni
Nov 16, 2022 11:26:04 AM

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. 

 

Thank you for choosing TurboTax!