Trusts; 1041 return

[vicbishop1]

I purchased TurboTax for Home and Business.  I have a small business with simple returns.

I have been a Co-Trustee of a Trust.  This month I became the Trustee as my Co-Trustee passed in January, 2025.

I find I am responsible for the 2024 1041 U.S. Income Tax Return for Estates and Trusts.

I have a 1099-B from the financial company that is managing the Trust.  There is little to no tax due.

Can I use the TurboTax for Home and Business software for this Trust, or must I purchase an additional software?

Does Intuit have an appropriate Software?

I have a hard copy of the 2023 1041 for this Trust, prepared by my former Co-Trustee's CPA.  

Should I expect the former CPA to send me the electronic copy of the 2023 1041 for import of relevant data?

[RobertB4444]

No, you'll have to use a different software to prepare a 1041.  TurboTax Business.

Here's a link to that software.

You should certainly request an electronic copy of last year's return.  But you can type it all in if you don't get one.  A lot of the information doesn't get saved from a pdf anyway so you will probably end up typing a lot in either way.

@vicbishop1 

[VolvoGirl]

Sorry you will need 2 programs.  

You will need Turbo Tax Business for Windows.   It is not available to do online or on a Mac.  And it will not do your personal 1040 return.  You can have both Turbo Tax Business and a personal version (like Home & Business) installed at the same time.

You can buy the Window's Business program here…..

TurboTax® Business Desktop 2023-2024 | Tax Software Download

Here are the system requirements to install Turbo Tax for Windows…..

https://ttlc.intuit.com/community/system-requirements/help/minimum-system-requirements-for-turbotax-...