topic Can I file my living trust with turbo tax in Business & farm

Can I file my living trust with turbo tax

yasi11727 — Thu, 06 Jun 2019 10:24:41 GMT

Yes. But you have to use TurboTax Business which is diffe...

Carl — Thu, 06 Jun 2019 10:24:42 GMT

Yes. But you have to use TurboTax Business which is different from Home & Business. TurboTax Business is not available as an online product, or for MACs. It's for the Windows platform only. You can purchase it at https://turbotax.intuit.com/small-business-taxes/

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CailaL — Thu, 06 Jun 2019 10:24:44 GMT

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As a "living trust" that you purportedly own, you can mos...

Anonymous_ — Thu, 06 Jun 2019 10:24:45 GMT

As a "living trust" that you purportedly own, you can most likely treat the trust as a disregarded entity for federal income tax purposes and report all items of income, deduction, and credit on your individual income tax return (i.e., report under Optional Method 1, obviating the need to file a 1041).

See <a rel="nofollow" target="_blank" href="https://www.irs.gov/instructions/i1041/ch01.html#d0e1593">https://www.irs.gov/instructions/i1041/ch01.html#d0e1593</a>

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CailaL — Thu, 06 Jun 2019 10:24:47 GMT

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