Important Notice: Our web hosting provider recently started charging us for additional visits, which was unexpected. In response, we're seeking donations. Depending on the situation, we may explore different monetization options for our Community and Expert Contributors. It's crucial to provide more returns for their expertise and offer more Expert Validated Answers or AI Validated Answers. Learn more about our hosting issue here.

Is a grantor trust eligible for the income tax credits?

April 26, 2017Credits eligible grantor Trust

0

Posted

Is a grantor trust eligible for the income tax credits?

1 Answer

0

Posted

Yes. The grantor of the trust is considered the owner of the property held by a grantor-type trust, and the grantor is allowed to claim the income tax credits on the grantors North Dakota income tax return.