The Motley Fool Discussion Boards
Financial Planning / Tax Strategies
|Subject: trust taxes||Date: 4/26/2005 1:05 PM|
|Author: yFool||Number: 78960 of 121599|
this is a sticky one for me
money was set up for my parents in a trust fund
the trust fund has it's own TPID, but the tax liability flows thru to me (and my brother). the trust was established in NY. i live in CA
i'm considering a taxable money market account versus a state tax free mma. should i go with a NY or a CA tax free MMA.
that is if i live in CA, but the trust is based in NY can i take advantage of federal and state tax free interest with a CA tax free mma?
let me know if there is a more appropriate place for this post
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