I just bought and downloaded Turbotax for Business because I need to file for a Supplemental Special Needs Trust, and the online version of TT is not available for Mac. Now that I have it, I don't see anything about trusts in there at all. Am I missing something? The Q&As said I would be able to do the trust there.
If you go up to FILE-NEW it should give you several choices of what kind of return you need to file like 1120, 1065 and 1041 Trust/Estate. Maybe you need to first update the program. Go to Online - Check for Updates. Or you didn't just buy the personal Home & Business version?
How to file a 1041 Estate/Trust return
https://ttlc.intuit.com/community/my-tax-return/help/how-do-i-file-form-1041-for-an-estate-or-trust/01/26382
I did buy TT Home & Business for Mac. I don't even see File New.
To get to the top menu bar on Mac put your cursor up to the very top. But that won't help you. You need Turbo Tax BUSINESS. TT Business is not available to do online or on a Mac. You can buy the Windows Desktop program here,
https://turbotax.intuit.com/small-business-taxes
Window System Requirements
https://ttlc.intuit.com/community/system-requirements/help/minimum-system-requirements-for-turbotax-windows-software/00/26175
But you said you bought Turbo Tax Business. And you said it was not available for Mac. Which is right. It is only available for Windows.
You can use Home & Business for you personal tax returns. If you don't need it then get a refund. When you fill out the Contact form do not say Refund. Type in BILLING ISSUE
Contact Customer Service
5am-9pm Pacific Time
7 days a week
https://support.turbotax.intuit.com/contact/
@Midgeeman wrote:
I am very confused, but thank you.
Home & Business is for personal self-employed 1040 forms.
TurboTax *Business* is a separate product for Windows only for 1041 forms of corporations, trusts, and estates.
Let's start at the beginning. Do you need to prepare the Trust 1041 return? Or enter a K-1 you received from the Trust?
There are 2 different programs, Turbo Tax Business and Turbo Tax Home & Business. Home & Business is just for personal 1040 returns that need schedule C for self employment business income. You can enter a 1041 schedule K-1 you received into H&B. But not prepare a 1041 return.
I have to do a 1041 for a Special Needs Trust. I downloaded Home & Business. Did I just throw my money away?
Did you ask for a refund? You can use this online refund request form.
https://support.turbotax.intuit.com/forms/refund-request.jsp