jtax
Level 10

Get your taxes done using TurboTax

Just to be sure your questions are answered.

Yes you can use TT Business to prepare a trust return (1041) and issue K-1 to benes. There are state versions of the 1041 and TT business should support Mass.

While the trustee can prepare a 1041, many things are different compared to a 1040. It is VERY EASY to get things wrong. It would be easiest for a trust with simple investment income and no trust terms that complicate matters. Those might be 5/5 powers, crumey powers, allocation of capital gains differently than the normal to the trust. You might seriously consider seeking advice from your attorney for the first year anyway.
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