topic We have EIN's form our Ellis Family Property Trust and The Ellis Family Irrevocable Grantor's Trust that the IRS stated that we need to file a form 1041. in Business & farm

We have EIN's form our Ellis Family Property Trust and The Ellis Family Irrevocable Grantor's Trust that the IRS stated that we need to file a form 1041.

rellisk2 — Thu, 06 Jun 2019 09:17:18 GMT

How do I proceed?

To prepare a Forn 1041, you need the Business version of...

jbeasley2 — Thu, 06 Jun 2019 09:17:19 GMT

To prepare a Forn 1041, you need the Business version of TurboTax. This version is to prepare business returns for an S Corp, C Corp, partnerships, estates, trusts or multi-member LLC, that is only available in the CD/Download version. You can purchase TurboTax Business here: TurboTax Business

Thank you. Yes, however I have a Mac, would the Turbo Ta...

rellisk2 — Thu, 06 Jun 2019 09:17:21 GMT

Thank you. Yes, however I have a Mac, would the Turbo Tax Home and Business for Mac/Windows Version work also?

No. TurboTax Home & Business can only prepare individual...

Anonymous_ — Thu, 06 Jun 2019 09:17:22 GMT

No. TurboTax Home & Business can only prepare individual income tax returns (e.g., Form 1040) and is not capable of preparing an income tax return for a trust (From 1041). You need TurboTax Business to prepare a 1041 for a trust but that product must be installed and run in a Windows environment.

Thank you.

rellisk2 — Thu, 06 Jun 2019 09:17:24 GMT

Thank you.