BobKamman
Level 15
a week ago
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Have you been asked to prepare the 1041, or the beneficiary's 1040, or both? A state trust return should be filed for both Maryland (if that is where the trustee or beneficiaries reside) and New Jersey (if there is income from that state). Beneficiaries should receive the state version of Schedule K-1, for both states. They may show the beneficiary as either a resident or nonresident.