Trusts

[cobutcher]

Does Turbo Tax do 1041 for a trust? I am the successor trustee.  Craig

[xmasbaby0]

For a trust return you will need TurboTax Business on a Windows computer.

[tagteam]

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@cobutcher wrote:

Does Turbo Tax do 1041 for a trust?

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Yes, but you need TurboTax Business (see link below) which must be installed and run in a Windows environment.

https://turbotax.intuit.com/small-business-taxes/cd-download

Note that TurboTax Business can do your 1041 for a trust but the product does not support preparing individual income tax returns (Form 1040). Thus, you would need a different TurboTax product to prepare your personal tax return.

[evelynm]

Yes.  You will need TurboTax Business to file Form 1041.  The personal versions of TurboTax do not support this form.

After you install TurboTax Business and begin working on your return, you'll be asked which type of return you need to prepare. Select Trust or Estate return (Form 1041) and proceed.

Here is the link:  TurboTax Business 

Also, this guide should provide further details about trust taxes:  Video-guide-to-a-fiduciary-income-tax-return