This site uses cookies to provide you with a more responsive and personalized service. By using this site you agree to our use of cookies. Please read our cookie notice for more information on the cookies we use and how to delete or block them.

Bookmark Email Print this page

State Taxation of Trusts: Credit for Taxes Paid to Other States


The state income taxation of trusts and estates has become an increasingly complicated and challenging task for trustees and their tax advisers. Trust portfolios have moved from traditional “stock and bond” allocations to investments in real estate, private equity, venture capital, and hedge funds. This migration toward more sophisticated investment holdings has increased the complexity of federal and state income taxation and related tax return preparation. Simple investment statements and Forms 1099 have been replaced with complicated Schedules K-1, many of which include pages of supplemental state tax information. In turn, it has become common for trusts to have filing obligations in several states.

Read more in the attached article that was written by Greg Bergmann, Partner and Eric Johnson, Partner and recently published in The Tax Adviser.

Share this page

Email this Send to LinkedIn Send to Facebook Tweet this More sharing options

Stay connected