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dixonen
New Member

How to file estate taxes?

How do I file taxes for my mother's estate?
1 Best answer

Accepted Solutions
tagteam
Level 15

How to file estate taxes?

If you need to file an estate income tax return (Form 1041), then you need TurboTax Business (link below).

 

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

 

Note that TurboTax Business can only be used to prepare income tax returns for entities, such as an estate, and cannot be used to prepare individual income tax returns (e.g., Form 1040). Further, TurboTax Business must be installed and run in a Windows environment; there is no online or Mac version.

 

 

Also note that if your mother had a very large estate (which is highly unlikely), an estate tax return (Form 706) would be required to be filed. There is no TurboTax product that supports Form 706.

 

See https://www.irs.gov/instructions/i706#idm140500555496240

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4 Replies
tagteam
Level 15

How to file estate taxes?

If you need to file an estate income tax return (Form 1041), then you need TurboTax Business (link below).

 

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

 

Note that TurboTax Business can only be used to prepare income tax returns for entities, such as an estate, and cannot be used to prepare individual income tax returns (e.g., Form 1040). Further, TurboTax Business must be installed and run in a Windows environment; there is no online or Mac version.

 

 

Also note that if your mother had a very large estate (which is highly unlikely), an estate tax return (Form 706) would be required to be filed. There is no TurboTax product that supports Form 706.

 

See https://www.irs.gov/instructions/i706#idm140500555496240

PfunnyGuy
Level 1

How to file estate taxes?

These are amazing non answers.  Let me explain:

I have paid to upgrade to TT Business.  And I've started the tax filing process.  And the only questions TT Business is asking me about the estate is the address, and the employees (three different flavors) that I've paid and that I need to issue W2s or 1099s to.  I don't have any employess, and thus I get to the end and it says there is one error, and that is I haven't checked a box for 1099s or W2s.

 

So really, no answer that is useful has been given.   Because so far TT Business is a joke for doing estate taxes.

tagteam
Level 15

How to file estate taxes?


@PfunnyGuy wrote:

I don't have any employess, and thus I get to the end and it says there is one error, and that is I haven't checked a box for 1099s or W2s.

 

So really, no answer that is useful has been given.   Because so far TT Business is a joke for doing estate taxes.


Take a look at the screenshot below.

 

Untitled.png

PfunnyGuy
Level 1

How to file estate taxes?

Amazing... because TT Business isn't even a product on the product comparison page:

Compare TurboTax® 2021-2022 CD/Download Tax Software Products (intuit.com)

Knowing that I needed the business product, I bought the Home & Small Business edition.  Which apparently is not the same thing, and won't do estates.  So an extra $50 cuz my aunt died.  <sarcasm>Thanks Intuit </sarcasm>

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