I just found out I need to file a form 1041 and if I understand correctly, a T T business edition does not exist for Macs. What else can I do?

[Anonymous_]

"What else can I do?"

You can buy something like a cheap Windows laptop or run Windows in emulation mode on your Mac.

You can also try an online 1041 preparation product, such as the following.

https://www.taxact.com/individual-taxes/online/estates-and-trusts

[billy-hill]

and now I've found an answer that says if it is a living trust (and it is), that any version of Turbo Tax will work. I am so confused now. Where do I enter the data from the form 1041 in my Deluxe version of TT?

[billy-hill]

Which TurboTax do I need to file a return for a trust?

If it's a living trust, you can use whichever TurboTax personal program suits your tax situation. There is no special tax form for living trusts; the trust's income and deductions are reported on your personal tax return.

[Anonymous_]

You are correct if what you have is a grantor trust; that is a disregarded entity for tax purposes and you can enter the income, deductions, et al, on your personal tax return.

See this post --> <a rel="nofollow" target="_blank" href="https://ttlc.intuit.com/questions/3325719">https://ttlc.intuit.com/questions/3325719</a>

[billy-hill]

All I know is that it is called a living trust. I've received a K-1 form 1041. Does that automatically make it a grantor trust?

[Anonymous_]

You ***received*** a Schedule K-1? A living trust, typically called a revocable living trust (RLT), is virtually always a grantor trust and you would not receive a K-1.

[billy-hill]

it says in the top left corner Schedule K1 (Form 1041). It is also called a RLT in the definitions of the document itself. And the 1041 form was provided by the accountants that maintained the trust. The trust is now finalized and box E is checked in the form. I did not receive a form until this year when the trust was distributed. does that matter?

[Anonymous_]

If you received a K-1 **from accountants**, then you probably just need to enter information from that schedule into your personal income tax return. I would strongly suggest that you contact the accountants, however, and inquire as to exactly what transpired in terms of the trust and its ultimate termination.

[billy-hill]

I have about a half inch worth of paperwork, all done by quarters, for the last eon (10 or 12 years) from what has happened with the trust during that time. It terminated according to the terms set originally in the original document though, if that helps you understand it. So where does it get reported in personal income? back to the other link you gave me? <a rel="nofollow" target="_blank" href="https://ttlc.intuit.com/questions/3325719">https://ttlc.intuit.com/questions/3325719</a>

[Anonymous_]

You stated that you have a K-1. If that is the case, you need to enter the information from the K-1 on your income tax return.

The accountants obviously filed a final 1041 and it generated a K-1; the figures on that K-1 are what you would use.

[billy-hill]

<a rel="nofollow" target="_blank" href="https://ttlc.intuit.com/questions/1901403-do-i-have-to-file-a-trust-tax-return">https://ttlc.intuit....>
In the case of a death, the executor must file a Tax Return for Estates and Trusts (Form 1041) for a domestic estate that has:

    Gross income of $600 or more for the tax year