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cobutcher
Level 1

Trusts

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

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‎October 30, 2024 4:03 PM
last updated ‎October 30, 2024 4:03 PM
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xmasbaby0
Level 15
Level 15

Trusts

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

 

 

**Disclaimer: Every effort has been made to offer the most correct information possible. The poster disclaims any legal responsibility for the accuracy of the information that is contained in this post.**
‎October 30, 2024 4:06 PM
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Anonymous_
Level 15

Trusts

 
‎October 30, 2024 4:08 PM
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evelynm
Employee Tax Expert
Employee Tax Expert

Trusts

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 

Have an amazing day. Evelyn M (CPA 20+ years)
I would love a thumbs up 🙂 + Mark the post that answers your question by clicking on "Mark as Best Answer"
‎October 30, 2024 4:10 PM
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