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Business & farm
Possibly. If your Trust K1 is only reporting interest and/or dividend income, you could report the amounts directly to the interest or dividend sections of TurboTax. Make sure and indicate the Trust as the payor. If it gets more complicated than that, you will need to upgrade for any business income or capital gain income to flow to the correct lines on your tax return. If your income is below $39,000, you would qualify for Freefile and have all forms available for your. Click here to find out more
March 21, 2021
5:33 PM