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Level 2
posted Mar 10, 2020 7:59:39 AM

Is form 1041 included in the desktop Home and Business edition?

Turbo tax Home and Business lists Schedules K-1 (Form 1041) Estates and Trusts under the “View Forms” hyperlink at the bottom of the Desktop comparison page at https://turbotax.intuit.com/personal-taxes/compare/desktop/ .   

 

Is this form included or not in this edition?  I can’t find it or get it to come up in my Home and Business program.  If not, how come this form is listed for this edition on the web page?

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1 Replies
Level 15
Mar 10, 2020 8:34:25 AM

@ajaxthedog89 wrote:

Turbo tax Home and Business lists Schedules K-1 (Form 1041) Estates and Trusts under the “View Forms”...

The entry in that list refers to the capability of entry of a K-1 received from a trust or estate (Form 1041), not that Form 1041 is actually included in the program (hence "Form 1041" is in parentheses).

 

If you need to prepare a 1041 for an estate or trust, you need TurboTax Business, which can only be used to prepare income tax returns for entities; the program does not do income tax returns for individuals. Further, there is no online nor Mac version; it must be installed and run in a Windows environment.

 

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