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Deductions & credits
Charitable Remainder Trusts (CRUT, CRAT, NICRUT, NIMCRUT, etc) are Split Interest Trusts. They're required to report income and distributions annually on FORM 5227 and the 1041 version of the K-1 respectively. TurboTax for Business does not recognize this type of trust.
When will Intuit create a version or modifiy a version to handle these reports?
‎August 16, 2023
1:37 PM