topic Re: Form 1041 for Irrevocable Trust in Get your taxes done using TurboTax

Form 1041 for Irrevocable Trust

lthomas626 — Mon, 09 Apr 2018 00:58:21 GMT

I just purchased Turbo Tax Business for 2017 so that I could file a Form 1041 for an Irrevocable Trust that I inherited. Turbo Tax help advises that the program will ask me for the type of return I am filing and at that point, I am supposed to enter Estate and Trust Income Tax Return, but it is not asking me this question. HOW DO I FILE AN ESTATE AND TRUST INCOME TAX RETURN USING TURBO TAX BUSINESS????? The program shows no Form 1041 in it at all. Please help!!!

Re: Form 1041 for Irrevocable Trust

PaulaM — Mon, 09 Apr 2018 01:12:39 GMT

Install your Business software, then select File, New Tax Return. The program will ask you what kind of return do you need to prepare at the very beginning.

Re: Form 1041 for Irrevocable Trust

lthomas626 — Sat, 14 Apr 2018 20:23:59 GMT

This is not what the options show. I have the the Turbo Tax for Home and Business. The only options that are shown are:

1. Start a new Individual Tax Return

2. Prepare W2s and 1099s for my employees or Contractors.

The TurboTax Business program that you have is not available on the website for purchase. Where do I purchase that program?

Re: Form 1041 for Irrevocable Trust

PatriciaV — Sat, 14 Apr 2018 20:58:28 GMT

Unfortunately, you will need to purchase TurboTax Business, a different type of program from TurboTax Home & Business. The version you have can be used to file personal tax returns for those who are self-employed, but not for partnership, corporations, or trusts.

Form 1041 for a Trust tax return, can only be found in TurboTax Business.