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gefbtf
Returning Member

Schedule D form 1041 Trust return

The trust received a1099B that includes some collectible gains taxed at 28%.  In the interview form in the Turbotax business program for form 1041there is no place to indicate that the gain is 28% gain.  Compare this to the interview in the 1040 program where it asks if the gain is 28% collectible gain.  How do I fix this so I can enter the collectible gain and have the proper code on the form 8949

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6 Replies

Schedule D form 1041 Trust return

You need to check the Add More Details box and click the Start button.

 

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gefbtf
Returning Member

Schedule D form 1041 Trust return

This only works if I list each transaction separately, I was hoping to do a summary entry for all the collectible transactions as there are many of them and then attach the 1099B to the return

Schedule D form 1041 Trust return

You can almost certainly accomplish that in Forms Mode.

 

However, you will have to print and mail your return.

danrojohn
New Member

Schedule D form 1041 Trust return

how to attach 1099B to 1041 trust return?

Schedule D form 1041 Trust return


@danrojohn wrote:

how to attach 1099B to 1041 trust return?


You cannot attach a 1099-B to the 1041 and e-file the return with TurboTax Business. 

 

You need to print and mail. 

gefbtf
Returning Member

Schedule D form 1041 Trust return

Actually, I can't get it to work in forms mode.  What I don't understand is Turbotax has the required functionality in the individual tax program for schedule D, why can't they have it in the 1041 program.  It's the same forms for the individual and trust.

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