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Can TurboTax Business properly process 1099-R? I am using it to submit a 1041 for my father's estate and it sends me to "other income or loss" with just 2 boxes for info
In Home and Business I can process 1099-R using a form which has all of the boxes that are found on the 1099-R. It moves the inputs into the proper places on the tax forms.
I need to use "Business" to create the 1041 for my father's trust but it does not have the capability to process a 1099-R properly. The "other income or loss" has just 2 boxes and does not indicate what is supposed to be in the two boxes.
There will be no way to indicate taxes taken for federal or state, what amount is gross and what amount is taxable, etc.
This is 4/14/2019. You would think that, the day before taxes are due, the software would be functioning properly.
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‎June 7, 2019
5:37 PM