So I clarified that TurboTax Business is actually doing the right thing with my NJ 1041 here.
My question now is this . I've been advised by TurboTax Support that I must paper file the Federal Form 1041 in order to Attach a Statement explaining why the Estate was open for more than 2 years. In addition, because I can't e-file the Federal 1041, I must paper file the NJ 1041 as well.
If I have to paper file the Federal 1041 and NJ 1041, presumably it will take the IRS a while to process these.
So must I also paper file the corresponding personal Federal 1040 and NJ 1040 for the Beneficiary to whom the Estate income was distributed because the K-1 and NJ K-1 will take a while to be processed by the IRS?
Or can I e-file the 1040s, even though the 1041s (including K-1 and NJ K-1) were mailed?
