You'll need to sign in or create an account to connect with an expert.
"Can I use Turbo Tax for a trust account?"
If you need to enter information from a K-1 issued to you by a trust, then you need to use TurboTax Premier or Self-Employed if you intend to use an online version of TurboTax (you can use any desktop-CD/Download version).
In order to prepare a Form 1041 for a trust, and associated K-1s, 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).
"Can I use Turbo Tax for a trust account?"
If you need to enter information from a K-1 issued to you by a trust, then you need to use TurboTax Premier or Self-Employed if you intend to use an online version of TurboTax (you can use any desktop-CD/Download version).
In order to prepare a Form 1041 for a trust, and associated K-1s, 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).
Still have questions?
Questions are answered within a few hours on average.
Post a Question*Must create login to post
Ask questions and learn more about your taxes and finances.
FrankInNC
New Member
favalessa
Returning Member
sutherlandws
Returning Member
favalessa
Returning Member
Taxquestionhelp
New Member