Topic Thread

Topic: Interest income from a trust - taxed to which state ?

1.  Interest income from a trust - taxed to which state ?

Posted 04-17-2017 11:20
hi friends,

I have a beneficiary who lives in CA. the trust he is a beneficiary of  is a Colorado trust, and that is where the sole trustee lives.
the trust is passing through interest income .  does the non-resident beneficiary of Colorado need to pay Colorado tax on the interest income  ?

or  does it follow the rules like a bank account, which I believe would not produce a tax to a non-resident state which the bank account was located in

Any help appreciated

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Abby Alhante
KURCIAS & ALHANTE, CPAs LLC
Melville NY
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