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yasi11727
New Member

Can I file my living trust with turbo tax

 
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4 Replies
Carl
Level 15

Can I file my living trust with turbo tax

Yes. But you have to use TurboTax Business which is different from Home & Business. TurboTax Business is not available as an online product, or for MACs. It's for the Windows platform only. You can purchase it at https://turbotax.intuit.com/small-business-taxes/

CailaL
New Member

Can I file my living trust with turbo tax

Can I file my living trust with turbo tax

As a "living trust" that you purportedly own, you can most likely treat the trust as a disregarded entity for federal income tax purposes and report all items of income, deduction, and credit on your individual income tax return (i.e., report under Optional Method 1, obviating the need to file a 1041).

See <a rel="nofollow" target="_blank" href="https://www.irs.gov/instructions/i1041/ch01.html#d0e1593">https://www.irs.gov/instructions/i1041/ch0...>
CailaL
New Member

Can I file my living trust with turbo tax

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