if any of the trust's assets are held in an account with the trust's EIN or use the trust's EIN number, then a grantor trust return must be filed. it's still a 1041 but the grantor trust box is checked which produces a statement on the first page that it is a grantor trust, rather than a k-1 a grantor trust letter is generated detailing each item of income and deductions that were entered for the trust. then each of these separate items to the extent that would affect your parent's taxes would be entered in Turbotax for their 1040. the trust return needs Turbotax Business to prepare it. Windows only. no online prep.
