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New Member
posted Jun 6, 2019 6:29:18 AM

How do I file taxes for an estate

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1 Best answer
Level 15
Jun 6, 2019 6:29:19 AM

"How do I file taxes for an estate"

In order to prepare a Form 1041 for an estate and associated K-1s with TurboTax, you would select TurboTax Business as well as a personal income tax preparation product (see note below). 

TurboTax Business:  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).

2 Replies
Level 15
Jun 6, 2019 6:29:19 AM

"How do I file taxes for an estate"

In order to prepare a Form 1041 for an estate and associated K-1s with TurboTax, you would select TurboTax Business as well as a personal income tax preparation product (see note below). 

TurboTax Business:  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).

Level 15
Jun 6, 2019 6:29:21 AM

Also note that if you need to prepare a Form 706 (Estate Tax Return), TurboTax does not have a product that supports that type of return. <a rel="nofollow" target="_blank" href="https://www.irs.gov/pub/irs-pdf/f706.pdf">https://www.irs.gov/pub/irs-pdf/f706.pdf</a>