@sticklog wrote:
Thanks, when I search 1041 in Deluxe, I cannot find, only 1040 opens.
There is no Form 1041 in Deluxe or any other TurboTax personal income tax preparation product. In order to prepare a 1041 for a trust, you need TurboTax Business (link below) which must be installed and run in a Windows environment (i.e., no Mac or online version).
https://turbotax.intuit.com/small-business-taxes/
Just out of curiosity, did your wife (as trustee) actually receive the proceeds from the sale of the stock (that was presumably in the name of the trust)? I understand that she received the 1099-DIV, but I am left wondering how she was able to negotiate a check (or other form of payment) that was in the name of the trust, as opposed to her name.
One last thing is this: Your wife, as trustee, has a responsibility, as the fiduciary, to file any and all returns, schedules, and forms required to be filed by state and local authorities (taxing or otherwise); simply a reminder that she needs to ensure whatever procedure she selects comports with legislative and regulatory requirements.
