FTB is issuing Legal Ruling 2026-01Tax News Flash

July 7, 2026

FTB is issuing Legal Ruling 2026-01, which provides clarity to situations involving contingent beneficiaries of discretionary trusts under Revenue and Taxation Code (R&TC) section 17742. The Legal Ruling may provide guidance to taxpayers who are trusts and beneficiaries, as well as to their practitioners.

Last updated: 07/07/2026