Legal Question in Wills and Trusts in Florida

Fiduciary income tax returns

Does a testamentary trust created from an estate by law have to pay the fiduciary income tax return? If yes, does the trust pay only the portion of income tax earned by trustee from admin of trust, or pay trustee's total income tax return? Is tax to be paid from principal or interest? Re:Limited partnership; shares transferred to an unknown foreign site, foreign taxes paid on K-1 for 3 years, then no more K-1 filed or foreign tax paid. How do I find out where foreign site is, and why K-1 are no longer filed? Limited partnership is still current.


Asked on 1/03/05, 9:34 am

1 Answer from Attorneys
David Slater David P. Slater, Esq.

Re: Fiduciary income tax returns

Yes, the trust must pay an income tax if it made income.

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Answered on 1/03/05, 11:26 am


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