For tax purposes, a foreign trust is defined under Treasury Regulation §301.7701-7 as a trust where: The term foreign trust means any trust other than a domestic trust. A court outside the United States has primary supervision over the administration of the trust. One or more non-U.S. persons have the authority to control all substantial decisions of the trustFor more detailed guidance, you can refer to the following sources: Guidelines on Foreign Trust Reporting Requirement

TurboTax

File with experts
File your taxes
Experts at your fingertips

An expert helps with your taxes, or does them for you
TurboTax Expert Full Service

TurboTax Expert Assist

TurboTax Self-Employed
Prior year taxes
File myself
File myself
Do it yourself

We'll guide you step-by-step
TurboTax Do It Yourself

TurboTax Self-Employed

TurboTax Desktop
TurboTax Free

Activate your product

Prior year taxes
Business
Business
Business taxes

Get your T2 corporate return done right, your way
TurboTax Business

TurboTax Business Desktop
Tax situations
Tax situations
Tax situations

Find extra guidance for your big life moves
For investors

For 25 and younger

For self-employed

For new to Canada

For life changes
Resources
Resources
Resources

Explore tax tools, get tips, and read reviews
Personal income tax calculator

RRSP savings calculator

Learning hub

TurboTax support (FAQ)

TurboTax community
Pricing

Community

ghideok

Question

what does it mean by "foreign trust"

Forum|Forum|11 months ago
April 13, 2025
1 reply
0 views

No text available

SabrinaD2

For tax purposes, a foreign trust is defined under Treasury Regulation §301.7701-7 as a trust where:

The term foreign trust means any trust other than a domestic trust.
A court outside the United States has primary supervision over the administration of the trust.
One or more non-U.S. persons have the authority to control all substantial decisions of the trust

For more detailed guidance, you can refer to the following sources: