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Last Updated: 12/15/2017

Reporting Beneficiary Income

Beneficiaries of a trust or estate must report their share of the income that was distributed by filing Form M1, Minnesota Individual Income Tax Return, as follows:

  • Beneficiaries who are Minnesota residents must report all income from the trust or estate on Form M1.
  • Beneficiaries who are nonresidents must report income from the trust or estate that is assignable to Minnesota on Form M1 if their Minnesota gross income (from all sources) meets the state minimum filing requirement.

 Beneficiaries will receive information about their share of the distributed income from the trust or estate on Schedule KF.