I am the personal representative on my mother's estate. I need to report income from estate assets during 2016. I think that I need to file a form 1041 to do this. Can I use TT Home & Business for this? How?
" Can I use TT Home & Business for this?"
No, you cannot use TT Home & Business to file a Form 1041. In order to prepare a 1041 for an estate (or trust), you will need to purchase a copy of TurboTax Business as well as a personal income tax preparation product (see note below). https://turbotax.intuit.com/small-business-taxes/
Note: TurboTax Business must be installed and run in a Windows environment; it is not available as an online product nor will it run natively on a Mac. Further, you still need a TurboTax personal income tax preparation product since TurboTax Business is not capable of preparing individual income tax returns (it can only prepare returns for entities).
" Can I use TT Home & Business for this?"
No, you cannot use TT Home & Business to file a Form 1041. In order to prepare a 1041 for an estate (or trust), you will need to purchase a copy of TurboTax Business as well as a personal income tax preparation product (see note below). https://turbotax.intuit.com/small-business-taxes/
Note: TurboTax Business must be installed and run in a Windows environment; it is not available as an online product nor will it run natively on a Mac. Further, you still need a TurboTax personal income tax preparation product since TurboTax Business is not capable of preparing individual income tax returns (it can only prepare returns for entities).