Can I use Turbo Tax for a trust account? How do I set that up? Do I need the premier version?

[Anonymous_ · Accepted solution]

"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).

[CailaL]

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