Q: My brother had a irrevocable trust before his death in 4/18. He had already paid taxes on everyhing for 2017.
He lived in Missouri. Do I pay taxes on this in Arkansas?
A: If you are the beneficiary of the trust and the trust document calls for you to receive the income from the trust than you will likely have to pay taxes on any amount of income generated in other states to their taxing agency as well as to yours in Arkansas. However, a lot of the determination on who pays taxes on the trust income is determined by the actual trust document and what it indicates.
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