Is TurboTax adding Form 4547

[rjs]

MATTHEWGORLANDO CHANGED THE ORIGINAL QUESTION AFTER THIS REPLY WAS POSTED. SEE BELOW.

This is the TurboTax support forum. You should post your question about Quicken in the Quicken Community.

[matthewgorlando]

I'm asking about TurboTax which is why I posted here. 

[rjs]

Your original question said "Quicken." You edited your question to say "TurboTax" after I posted my first reply.

Form 4547 is tentatively expected to by available in TurboTax on January 14. That date is subject to change, especially since the IRS has not yet published Form 4547 and its instructions.

[brad4chat]

Its available at https://www.irs.gov/forms-pubs/about-form-4547 since December, how do we add it to our return in turbotax online?

[RogerD1]

Form 4547 was approved by the IRS in early January.  Once approved, it does take time for the updates to be rolled out in tax software programs.  At present we are still awaiting word about the availability of this form in TurboTax.

If you enter the information in about a child born in 2025, once you get to a screen that says "[name] qualifies as your dependent", down lower it will state "[name] is eligible for $1000!".  Click on the See details to get more information about getting the $1,000. 

The accounts do not officially get funded with $1,000 until July 4, 2026.  And Form 4547 does not need to be filed with a tax return in order to open a Trump Account.  More information about Trump Accounts can be found here