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joefahey100
New Member

Can I use TurbTax to submit a Trust tax return?

 
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Accepted Solutions
LinaJ2018
Intuit Alumni

Can I use TurbTax to submit a Trust tax return?

Yes, you can file your trust tax return Form 1041 with TurboTax.  However, you will need to purchase TurboTax Business CD/ desktop version do so, which is a separate product from the personal taxes editions. 

See-https://turbotax.intuit.com/small-business-taxes/

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3 Replies
LinaJ2018
Intuit Alumni

Can I use TurbTax to submit a Trust tax return?

Yes, you can file your trust tax return Form 1041 with TurboTax.  However, you will need to purchase TurboTax Business CD/ desktop version do so, which is a separate product from the personal taxes editions. 

See-https://turbotax.intuit.com/small-business-taxes/

Onomastico
Level 2

Can I use TurbTax to submit a Trust tax return?

@LinaJ2018 The TurboTax Home & Business product page, Forms section, lists 1041 and K-1. It appears that this version can also file those forms. Please clarify. I need to file for domestic trusts (ex. Marital Trust) and need to generate K-1s.

VolvoGirl
Level 15

Can I use TurbTax to submit a Trust tax return?

No.  The Home & Business version can only enter a K-1 you get from a trust return into your personal return.

 

You need Turbo Tax Business.

The small business program (TT Business) is for 1120 Corporation, 1120S Corp, 1065 Partnership or 1041 Estate/Trust returns and will not do your personal 1040 return.   It  is a separate program from the Desktop Home & Business program or the Online Self Employed version.

 

Turbo Tax Business  is not available to do online or on a Mac.  You can buy the Window's version here.  And you can have both TT Business and TT Home & Business (or any personal version) installed on  your computer at the same time.

https://turbotax.intuit.com/small-business-taxes

 

Desktop Windows System Requirements

https://ttlc.intuit.com/community/system-requirements/help/minimum-system-requirements-for-turbotax-...

 

 

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