April54
New Member

TurboTax missing trust exemption for qualified disability trust. Exemption page not accessible from menus.

I tried creating a return for a supplemental needs trust on TurboTax business.  There were no questions about exemptions at all.  When I reviewed the return, it input a $100 exemption.  Had I not known any better, it could have been a costly mistake as the exemption is actually $5000.  TurboTax only asks if you have a simple, complex or grantor type trust.

The help line and I tried doing searching for exemptions together and found nothing.  If you dig (really dig) under "show topics", you can find a line for exemptions, and it only shows $100 for simple trusts or $300.  It doesn't mention the $5000 for a QDT.  It brings you to a box where you can override the exemption amount.  BUT - you cannot get to this page from the regular menus when creating the return.

This is a significant miss.