Consul1
Level 2
02-25-2020
11:40 PM
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Thanks for the feedback and useful resource link.
Agreed regarding beneficiary filing requirement in AZ.
Agreed regarding dividend income being taxable to beneficiary in state of residence. Question is about the specific mechanics:
Is the dividend income taxable to beneficiary ONLY in state of residence or ALSO in state in which trust is domiciled (with adjustments in beneficiary home state for taxes paid in other state)?