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Trust Income

mhamm30
Level 3

Cient with a new trust. Trustee lives in WI. Bene's are from several states. Income is interest, dividends and an annuity distribution. Do the non-resident beneficiaries need to file WI non-resident returns?

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sjrcpa
Level 15

No. That type of income is taxable only in their states of residence.

The more I know, the more I don't know.