Fiduciary

FIDUCIARY ×

Phone: 803-898-5791
Email: Fiduciaries@dor.sc.gov

Summary:

South Carolina taxable income of estates and trusts is taxed either to the fiduciary or to the beneficiaries in the same manner as federal Income Tax purposes. Certain taxable income, such as real estate gains and rentals from property located in South Carolina, and income flowing through from a business located in South Carolina and distributable to nonresident beneficiaries, is subject to withholding at a 7% rate. Fiduciaries are required to make quarterly payments of Estimated Income Tax in the same manner as for federal Income Tax purposes. The return due date is the same as the federal return. A grantor trust is not taxed as a trust; its income or loss is taxable to the grantor.

Mailing Addresses:

Balance due:	Refund or Zero Tax:	Correspondence	Extension (SC8736)
Balance due: South Carolina Department of Revenue Taxable Fiduciary PO Box 125 Columbia, SC 29214-0038	Refund or Zero Tax: South Carolina Department of Revenue Nontaxable Fiduciary PO Box 125 Columbia, SC 29214-0039	South Carolina Department of Revenue Fiduciary Tax PO Box 125 Columbia, SC 29214-0400	South Carolina Department of Revenue Taxable Extension PO Box 125 Columbia, SC 29214-0036

How to File:

Fiduciary taxpayers whose South Carolina tax liability is $15,000 or more per filing period must file and pay electronically.

Electronic filing options >
To file by paper, use the SC1041 Fiduciary Income Tax Return.

Due Date:

The return is due the 15th day of the fourth month after the close of the tax year (April 15 for calendar year filers).