Why sign in to the Community?

  • Submit a question
  • Check your notifications
Sign in to the Community or Sign in to TurboTax and start working on your taxes
Returning Member
posted Jan 17, 2020 10:54:52 AM

Does Turbo Tax Premiere support Form 1041 for federal and state efile?

0 3 1864
3 Replies
Level 15
Jan 17, 2020 3:27:56 PM

TurboTax Premier, whether the online version or installed version, supports entering a K-1 (1041) you received from a trust or estate.

 

If you need to prepare a Form 1041, then you need TurboTax Business, an Intuit product that is capable of preparing income tax returns for entities, such as an estate or trust.

New Member
Feb 23, 2020 8:37:56 PM

I search for this form in “Open Form” and it is not present. Nor is it in the “Federal Forms” dropdown menu.

Level 15
Feb 23, 2020 8:41:58 PM

You don't search or open a 1041 form.  You enter the K-1 into your tax return.  

 

Or do you need to prepare a 1041 Estate/Trust return?  You need Turbo Tax Business.  The small business program (TT Business) is for 1120 Corporation, 1120S Corp, 1065 Partnership or 1041 Estate/Trust returns and will not do your personal 1040 return.   It  is a separate program from the Desktop Home & Business program or the Online Self Employed version.

 

Turbo Tax Business  is not available to do online or on a Mac.  You can buy the Window's version here.  And you can have both TT Business and TT Home & Business (or any personal version) installed on  your computer at the same time.

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