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Do I need to start a new account with the Estates name?"
First, you have to determine whether or not you need to file a 1041 for the estate. The estate needs to file an income tax return if it had income of $600 or more. See
https://www.irs.gov/instructions/i1041/ch01.html#d0e340
If you do need to file a 1041 for the estate, then you will need to apply for an EIN.
See https://www.irs.gov/businesses/small-businesses-self-employed/apply-for-an-employer-identification-n...
Finally, in order to prepare a 1041, and associated K-1s, you will need to purchase a copy of TurboTax Business as well as a personal income tax preparation product (see note below).
TurboTax Business: https://turbotax.intuit.com/small-business-taxes/
Note: TurboTax Business must be installed and run in a Windows environment; it is not available as an online product nor will it run natively on a Mac. Further, you still need a TurboTax personal income tax preparation product since TurboTax Business is not capable of preparing individual income tax returns (it can only prepare returns for entities).
