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On Estate and Trust K-1 Detail Page it says "Fiduciary Addition" for state tax return

bill6
Level 3

What does that mean?

I am trying to figure in which direction it should go on the state income tax return. Is it an addition to income as the second half of the name would suggest? Or a fee as the first half suggests?

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Accepted Solutions
BobKamman
Level 15

Added back to income for the state -- either income not taxed on the federal (like tax-free bonds from the wrong state) or a deduction not allowed by the state (like state taxes).  

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2 Comments 2
IRonMaN
Level 15

Sounds like you have something to add back on the beneficiaries' state income tax return.


Slava Ukraini!
BobKamman
Level 15

Added back to income for the state -- either income not taxed on the federal (like tax-free bonds from the wrong state) or a deduction not allowed by the state (like state taxes).