Doing taxes for a trust that owns shares of stock. The only income is small change in stock price. No expenses. Which Turbo Tax is needed for taxes 7 K1s for members?

[Ashby · Accepted solution]

A trust requires tax Form 1041. That tax return is completed through our separate software, TurboTax Business. You can create and file the 1041 and print/distribute the K-1s to the beneficiaries.

You will still need our regular TurboTax product for your individual return.

Here's the link to TurboTax Business:

https://turbotax.intuit.com/small-business-taxes/