Section 17742 Of Chapter 9. Estates, Trusts, Beneficiaries, And Decedents From California Revenue And Taxation Code >> Division 2. >> Part 10. >> Chapter 9.
17742
. (a) Except as otherwise provided in this chapter, the income
of an estate or trust is taxable to the estate or trust. The tax
applies to the entire taxable income of an estate, if the decedent
was a resident, regardless of the residence of the fiduciary or
beneficiary, and to the entire taxable income of a trust, if the
fiduciary or beneficiary (other than a beneficiary whose interest in
such trust is contingent) is a resident, regardless of the residence
of the settlor.
(b) For purposes of this article the residence of a corporate
fiduciary of a trust means the place where the corporation transacts
the major portion of its administration of the trust.