A trust can sell appreciated assets and distribute the cash without automatically shifting the capital gain to the beneficiary. Learn when capital gains stay taxable to the trust, when they enter distributable net income, and what trustees and beneficiaries should review before a distribution.

Business owners can owe California tax even when the company is organized elsewhere or the owner lives outside California. Learn how residency, nexus, market sourcing, Schedule K 1 income, apportionment, PTE tax, and other state tax credits interact.