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posted Jun 6, 2019 2:37:09 AM

How do I file for a trust account

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1 Best answer
Level 15
Jun 6, 2019 2:37:10 AM

"How do I file for a trust account"

If you need to enter information from a K-1 that you received, you will need to upgrade to TurboTax Premier or Self-Employed if you want to use an online edition of TurboTax (you can use any desktop (CD/Download) version).

If you need to prepare a Form 1041, and associated K-1(s), for a trust, then you will need TurboTax Business, which is only capable of preparing income tax returns for entities (not individual income tax returns) and must be installed and run in a Windows environment. See https://turbotax.intuit.com/small-business-taxes/

1 Replies
Level 15
Jun 6, 2019 2:37:10 AM

"How do I file for a trust account"

If you need to enter information from a K-1 that you received, you will need to upgrade to TurboTax Premier or Self-Employed if you want to use an online edition of TurboTax (you can use any desktop (CD/Download) version).

If you need to prepare a Form 1041, and associated K-1(s), for a trust, then you will need TurboTax Business, which is only capable of preparing income tax returns for entities (not individual income tax returns) and must be installed and run in a Windows environment. See https://turbotax.intuit.com/small-business-taxes/