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

What version of TurboTax do I need to process an irrevocable trust.

12az_xbd — Thu, 06 Jun 2019 08:55:06 GMT

Regarding tax return for an irrevocable trust, which version of Turbo Tax should I use?

You cannot prepare a Form 1041 Estate and Trust return by...

LinaJ2018 — Thu, 06 Jun 2019 08:55:07 GMT

You cannot prepare a Form 1041 Estate and Trust return by using any of the TurboTax online personal tax editions including Free Edition, Deluxe, Premier and Self-Employed. You will need to purchase a separate TurboTax Business product to do so.

TurboTax Business is a separate TurboTax product line for customers to file S Corp, C Corp, partnerships, estates, trusts and multi-member LLC. It is not part of the TurboTax personal taxes editions.

-To purchase TurboTax Business edition, see

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

Re: You cannot prepare a Form 1041 Estate and Trust return by...

Teddytax4me — Sat, 29 Aug 2020 15:08:49 GMT

Do I have to complete a 1041 tax form regarding an irrevocable grantors trust

Re: You cannot prepare a Form 1041 Estate and Trust return by...

Teddytax4me — Sat, 29 Aug 2020 15:12:10 GMT

I just want to know if I have to file anything regarding an irrevocable trust

Re: You cannot prepare a Form 1041 Estate and Trust return by...

Teddytax4me — Sat, 29 Aug 2020 15:12:51 GMT

please answer my question

Re: You cannot prepare a Form 1041 Estate and Trust return by...

Teddytax4me — Sat, 29 Aug 2020 15:14:25 GMT

do I need to file anything in regard to my irrevocable trust

Re: You cannot prepare a Form 1041 Estate and Trust return by...

Teddytax4me — Sat, 29 Aug 2020 15:15:56 GMT

You have been able to address my queation, why?

Re: Irrevocable Trust

Teddytax4me — Sat, 29 Aug 2020 15:18:02 GMT

Do I need to address anything in regard to my irrevocable trust

Re: Irrevocable Trust

Teddytax4me — Sat, 29 Aug 2020 15:19:57 GMT

Do I file anything to my tax return regarding an irrevocable trust

Re: Irrevocable Trust

Teddytax4me — Sat, 29 Aug 2020 15:21:04 GMT

Are you able to answer my question

Re: Irrevocable Trust

Teddytax4me — Sat, 29 Aug 2020 15:23:55 GMT

My question is: With an irrevocable trust, do I have to fill out a From 1041. I know I need to buy a separate version of Turboxtax.

Re: What version of TurboTax do I need to process an irrevocable trust.

Anonymous — Sat, 29 Aug 2020 16:24:49 GMT

are you sure that irrevocable trust is such for income tax purposes? who is the grantor? who is the trustee? many taxpayers are not familiar with the IRC rules regarding grantor trusts. Thus what they think are irrevocable trusts the IRS would say are grantor trusts. there are about 10 factors the IRS considers. since we can't see the trust agreement we have no way of knowing if it is or isn't. ask the lawyer who drew it up.

Re: You cannot prepare a Form 1041 Estate and Trust return by...

PhiloD — Sun, 07 Mar 2021 00:17:39 GMT

TurboTax for Trusts no longer works on My Microsoft Surface. It gives the error message "System does not have the required resources"

I used TurboTax for Irrevocable trusts in 2019 and previous years and it worked fine on my Microsoft Computer. The resources TurboTax 2020 requires in their description of required resources are the same as TurboTax 2019..

The TurboTax Technical Support people could not solve my problem though they tried. They transferred me to a Technical Support Manager. His solution was to process a refund for the money I spent to purchase TurboTax for Trusts.

Re: You cannot prepare a Form 1041 Estate and Trust return by...

VolvoGirl — Sun, 07 Mar 2021 00:20:15 GMT

Is it the same computer you used before? What version of Windows does it run? You need Windows 8 or higher this year.

Window System Requirements
https://ttlc.intuit.com/community/system-requirements/help/minimum-system-requirements-for-turbotax-windows-software/00/26175

Re: You cannot prepare a Form 1041 Estate and Trust return by...

PhiloD — Tue, 09 Mar 2021 06:45:24 GMT

My computer meets all of the requirements listed by Intuit. It is a Microsoft Surface. I ran the 2019 version of Business on this Computer last year without any problems. Has Intuit run the Business Version on a Surface?

Re: You cannot prepare a Form 1041 Estate and Trust return by...

feleds — Tue, 22 Feb 2022 21:57:58 GMT

I read from your information that I can't file an irrevocable trust with turbotax premier. but let me ask: if all I I am entering is 1099 DIV and 1099Int forms is that still true. the problem Im having is entering in the name of the trust. its asking for personal names not the name of the trust? Do I still need turbo tax business?

Re: You cannot prepare a Form 1041 Estate and Trust return by...

feleds — Tue, 22 Feb 2022 21:59:37 GMT

what about down loading the forms (what forms would that be) and just fill them out by hand? That is since my information is so minimal?

Re: Irrevocable Trust

Buijas99 — Fri, 07 Apr 2023 16:03:21 GMT

I've always used Turbotax Business for a family trust' return.