Irr Trust - Spidell

Irr Trust

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Message Board Irr Trust

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    • #184793
      Anonymous
      Member

      I have a trust that became Irr on DOD of the taxpayer (a CA resident).  The trust holds CA property.  It has one beneficiary that is also the trustee who is a resident of Minnesota.  No property has sold or income generated in CA.  I have  a Fed filing requirement and I think I have a Minnesota filing requirement, but, no CA requirement until CA source income is generated.  Is my thinking correct?

    • #184871
      Renee Rodda
      Participant

      If the trust has no income, and no nonresident alien beneficiaries you do not have a federal filing requirement, and with no income you are not required to file a California return either. I can not speak to the rules for Minnesota, but my guess would be that you do not have a filing requirement there either.

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