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My daughter, who was 14 at the time, received a trust from

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her father in the form...
My daughter, who was 14 at the time, received a trust from her father in the form of a lump sum after he passed away in 2010. The federal taxes have been paid. My question is that I was active duty military with a legal residence of the state of FL and she was/is my dependent, but the check was mailed to our address in MO. We were living in MO due to my duty station of Ft. Leonard Wood, MO. Does my daughter have to pay state taxes to MO on this trust? I was told once by the Dept. Of Revenue "No" and now am being told "Yes" and now the amount has increased due to intereste acccrued etc... Please help
Submitted: 5 years ago.Category: Tax
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Answered in 17 minutes by:
10/2/2012
Tax Professional: Robin D., Senior Tax Advisor 4 replied 5 years ago
Robin D.
Robin D., Senior Tax Advisor 4
Category: Tax
Satisfied Customers: 15,888
Experience: 15years with H & R Block. Divisional leader, Instructor
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Robin D :

Hello and thank you for using Just Answer,
UNfortunately the amount would fall under MO taxation. Even though your legal residency is Florida your daughter's legal residency is what is important as well as the fact that you were residing in MO when the amount was paid.
When looking at the chart in the link below you must look at your daughter's info and not your military status for home of record
http://dor.mo.gov/pdf/nonres_flowchart.pdf
I wish I could advise differently.

Robin D :

Please be aware that you are rating my courtesy and service as a professional, and not necessarily whether you like the information that you are receiving.

Robin D :

I see you are standing by

Robin D :

Did you need more info on MO residency before you can offer a positive rating.

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Tax Professional: Robin D., Senior Tax Advisor 4 replied 5 years ago

JACUSTOMER-ukitd4db- Last Viewed on 10/2/2012 at 2:44 PM

 

Please advise if you need more info or could not view the post, sometimes the CHAT does not allow the answer to be seen.

 

Just in case you could not view the response here is a copy:
Robin D :

Hello and thank you for using Just Answer,
UNfortunately the amount would fall under MO taxation. Even though your legal residency is Florida your daughter's legal residency is what is important as well as the fact that you were residing in MO when the amount was paid.
When looking at the chart in the link below you must look at your daughter's info and not your military status for home of record
http://dor.mo.gov/pdf/nonres_flowchart.pdf
I wish I could advise differently.

Robin D :

Please be aware that you are rating my courtesy and service as a professional, and not necessarily whether you like the information that you are receiving.

Robin D :

I see you are standing by

Robin D :

Did you need more info on MO residency before you can offer a positive rating.

 


 

 

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Robin D.
Robin D.
Robin D., Senior Tax Advisor 4
Category: Tax
Satisfied Customers: 15,888
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