(a)  The federal taxable income of the fiduciary shall be the starting point for preparing a North Carolina Income Tax Return for Estates and Trusts, Form D-407.

(b)  The fiduciary shall file an income tax return for the estate or trust for which he acts if he is required to file a U.S. Income Tax Return for Estates and Trusts and:

(1)           the estate or trust derives income from North Carolina sources; or

(2)           the estate or trust derives any income which is for the benefit of a resident of North Carolina.

(c)  Fiduciaries shall be consistent in the use of the name and address of an estate or trust on a return.  If a different name for an estate or trust is used in any year from that used in the prior year, that fact shall be noted on the first page of the return and the name used in the prior year indicated.


History Note:        Authority G.S. 105-160.2; 105-160.5; 105-160.6; 105-262;

Eff. February 1, 1976;

Amended Eff. July 1, 1996; June 1, 1993; October 1, 1991; June 1, 1990; April 12, 1981;

Pursuant to G.S. 150B-21.3A, rule is necessary without substantive public interest Eff. July 26, 2015.