2024 California Tax Rules For Trusts. Trusts are taxed similarly to how individuals are , but the key differences lie in whether the trust is a simple trust, complex trust or grantor trust. Its unique method of taxation, based on the residence of the trust’s fiduciaries.
71 grantor trusts, it includes a brief overview of california’s taxation of the income of estates and administrative trusts as well as a technical guide to. As a result, california grantor trusts can now include discretionary income tax reimbursement powers, potentially making them more attractive for estate planning.