How to file an Estate tax return

[bhowe]

I received a 1099S form for the sale of my Mothers house. My mother died in 2018 the house was sold in 2019. I have the Deluxe tax return. I don't see anyway to do an Estate Tax return. Do I have to upgrade to the Business version? 

Once I am able to do the Estate tax return I assume it creates a K1 form in which I report the gain/loss on my personal tax return? Is that correct? 

[Irene2805]

To prepare a return for your mother's estate (form 1041)  you need TurboTax Business.  You can visit the following link to purchase TurboTax Business for 2019: TurboTax Business  TurboTax will take you through an interview to prepare the estate return, similar to the personal (1040) products.

You are correct - As part of preparing the 1041 return, TurboTax will prepare K-1 forms for each beneficiary.  You will need to enter the information from the K-1 into your personal 1040 return.

[bhowe55]

The first thing I get asked is my name? Wont that be wrong for an estate tax return?

[CatinaT1]

Continue on, it is asking your name because you are preparing the return.

[bhowe]

It looks like the 1041 form is used to file an estate tax. When listing the sale of the house, what form does that go on? Is it Schedule D or Schedule K1?

Thanks

[bhowe]

I upgraded to the "Home and Business" version of Turbo Tax. I am now finding I should have gotten the "Business" version. Much more $$$. Is it true, I have to use the Business version for Estate Taxes? 

[ColeenD3]

Yes, to prepare an Estate tax return, you will need the Business program.