What are the filing requirements for beneficiaries?
The beneficiaries of a trust or an estate must file a Minnesota individual income tax return (Form M1) to report their portion of the income distributed. A resident beneficiary must report all income from the trust or estate. A nonresident beneficiary whose Minnesota gross income (from all sources) meets the minimum filing requirements for the year must report income assignable to Minnesota on Form M1. This information will be supplied to the beneficiary by the trust/estate on Minnesota Schedule KF.
