Trust 1041 with three 1116 forms

Forum|Forum|6 years ago
March 23, 2020
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I have a trust 1041 that has three 1116 forms because it paid foreign tax to nine different countries on its dividends. Therefore, the 1041 has to be paper-filed because TT for Business won't allow it to be e-filed with more than one 1116 form for the passive income category. Is there going to be a software update soon to fix this?

TurboTax Business Windows

Best answer by Anonymous_

I used to use the H&R Block software for 1041's. I only switched to TT so I could e-file the 1041's. I never had any problems with HRB's software itself. I just want to e-file everything. But I guess I can't anymore. Another case of one step forward, and two steps back.

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Anonymous_

Level 15

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99sc2Author

Level 3

Unfortunately, the investments are not mutual funds or UITs, so the RIC code doesn't apply. The tax MUST be reported separately for each country. I hope they get it fixed soon. If I can't e-file 1041 returns, I might as well use the H&R Block product for preparing 1041's. It's a lot less expensive.