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I need to file 2 trusts and 1 personal return. Do I need 3 accounts?
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You can file multiple Estate and Trust tax returns using the TurboTax Business Edition. The Business Edition can only be installed on a Windows based personal computer, not on a Mac or online. The Business Edition cannot complete a personal tax return, Form 1040.
Go to this TurboTax website for the Business Edition - https://turbotax.intuit.com/small-business-taxes/
You can use the TurboTax online or desktop editions for your personal return. If you will be entering a Schedule K-1 from the Trust you will have to use either the TurboTax Premier or Self-Employed online editions. You can use any of the TurboTax desktop editions for the Trust Schedule K-1.
Go to this TurboTax website for the online editions - https://turbotax.intuit.com/personal-taxes/online/
Go to this TurboTax website for the desktop CD/Download editions - https://turbotax.intuit.com/personal-taxes/cd-download/
If you need to file returns for trusts (Form 1041), then you need TurboTax Business.
See https://turbotax.intuit.com/small-business-taxes
Note that TurboTax Business must be installed and run in a Windows environment; there is no online or Mac version.
Also, note that you will need a separate product for your personal return as TurboTax Business does not support preparation of any Form 1040 variant.
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