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.
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.
@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.
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