Solved: I have a 1041 and Schedule K-1 form. Do I have to use TurboTax Business to file these forms? It's expensive to buy.
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I have a 1041 and Schedule K-1 form. Do I have to use TurboTax Business to file these forms? It's expensive to buy.

 
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I have a 1041 and Schedule K-1 form. Do I have to use TurboTax Business to file these forms? It's expensive to buy.

If you have to prepare and file a 1041 (and issue one or more K-1s), then you'll need TurboTax Business software to do that. It's available in CD/Download versions only, and is Windows based.  Here's the link:  https://turbotax.intuit.com/small-business-taxes/?srqs=null&cid=ppc_gg_b_stan_all_na_Brand-Business_...

But when you say that "I have" a 1041 and K-1, if that means they've already been prepared, then you won't need TurboTax Business to file them.  The 1041 can be filed by mail (see page 8 of this link https://www.irs.gov/pub/irs-pdf/i1041.pdf for filing addresses), and the K-1 can be entered into your personal tax return using TurboTax Premier online (or higher).

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New Member

I have a 1041 and Schedule K-1 form. Do I have to use TurboTax Business to file these forms? It's expensive to buy.

If you have to prepare and file a 1041 (and issue one or more K-1s), then you'll need TurboTax Business software to do that. It's available in CD/Download versions only, and is Windows based.  Here's the link:  https://turbotax.intuit.com/small-business-taxes/?srqs=null&cid=ppc_gg_b_stan_all_na_Brand-Business_...

But when you say that "I have" a 1041 and K-1, if that means they've already been prepared, then you won't need TurboTax Business to file them.  The 1041 can be filed by mail (see page 8 of this link https://www.irs.gov/pub/irs-pdf/i1041.pdf for filing addresses), and the K-1 can be entered into your personal tax return using TurboTax Premier online (or higher).

View solution in original post

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