Idaho Tax Commission Releases Form 66, Fiduciary Income Tax Return, With Instructions

The Idaho State Tax Commission Sept. 24, 2020 released Form 66, Fiduciary Income Tax Return, with instructions. The form shows the beneficiary’s share of Idaho additions, subtractions, and credit information. The trust or estate must provide each beneficiary with an Idaho Form ID K-1, which also identifies the beneficiary’s share of gross income to help determine the income tax filing requirements of individual beneficiaries. Taxpayers should include all Form ID K-1s and a complete copy of their federal Form 1041, including all federal Schedule K-1s, with Form 66. The instructions include information on: 1) rounding the amounts on the return ...