Tyb 250 years LFG
LA during covid.
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Incomplete Gift Non-Grantor (ING) Trusts
Overview
Starting January 1, 2023, income from an incomplete gift non-grantor (ING) trust must be reported on the grantor’s California income tax return. A qualified taxpayer is the grantor of the ING trust.
A qualified taxpayer must file a California Fiduciary Income Tax Return Form 541 to report taxable income from an ING trust. Check the box to designate the trust as an ING Trust.
Report income/losses and expenses/deductions from an ING trust using California Resident Income Tax Return Form 540.
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https://www.ftb.ca.gov/file/personal/filing-situations/estates-and-trusts/incomplete-nongrantor-trusts.html
https://ing.com/