We have EIN's form our Ellis Family Property Trust and The Ellis Family Irrevocable Grantor's Trust that the IRS stated that we need to file a form 1041.

[rellisk2]

How do I proceed?

[jbeasley2 · Accepted solution]

To prepare a Forn 1041, you need the Business version of TurboTax.  This version is to prepare business returns for an S Corp, C Corp, partnerships, estates, trusts or multi-member LLC, that is only available in the CD/Download version.  You can purchase TurboTax Business here: TurboTax Business

[rellisk2]

Thank you.  Yes, however I have a Mac, would the Turbo Tax Home and Business for Mac/Windows Version work also?

[Anonymous_]

No. TurboTax Home & Business can only prepare individual income tax returns (e.g., Form 1040) and is not capable of preparing an income tax return for a trust (From 1041). You need TurboTax Business to prepare a 1041 for a trust but that product must be installed and run in a Windows environment.

[rellisk2]

Thank you.