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posted Sep 13, 2019 7:10:04 PM

Does turbo tax business for mac handle form 1041

I have turbo tax personal and business income but need to fill out a form 1041

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3 Replies
Level 15
Sep 13, 2019 7:20:20 PM

Sorry.  You have the Home & Business version for personal tax returns that include schedule C for self employment business income.

 

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

 

Do you have access to a Windows computer?  Maybe you can use a friends or family computer.

 

You can probably run the Windows Business program on a Mac using a Windows Emulator like Parallels. But you would have to buy a copy of Windows to install in it.   Google Windows on Mac to get articles on the various  options

 

Level 2
Oct 3, 2019 10:43:51 AM

TaxAct has the ability to create and file the 1041 for estates either on line or as a download for 2018. Turbotax only had only Turbotax Business for a download to the PC for 2018. I don't know Turbotax's plans for 2019 tax preparation.

Level 15
Oct 3, 2019 11:29:06 AM


@jwdbond wrote:

I don't know Turbotax's plans for 2019 tax preparation.


Me neither, frankly, but it is likely that the plans will not change; TurboTax Business will continue to be strictly a product that needs to be installed and run on a Windows PC.