Q: A GA qualified disability earns all of its capital gains, dividends, and interest is earned in TX. Any tax due to GA?
Invest firm is based in Houston, TX. Trustee lives in Texas. Beneficiary lives in Georgia.
It depends on the income tax nexus created by the GA beneficiary under GA tax law.
The beneficiary likely has GA income if the disability is taxable.
I'd suggest retaining a tax attorney or CPA to review the situation and file accordingly.
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