Need help filing Living Trust. Received 1099-Int

[angela-lucero84]

Father passed away March 2016.  We received a 1099-INT form from Life Insurance Co.  We created a TIN with IRS reflecting Living Trust that was inherited when father passed away.

[tagteam · Accepted solution]

"Need help filing Living Trust. Received 1099-Int"

I am sorry for your loss but, at this point, the trust is a separate taxable entity and no longer a "living trust" (the trust became irrevocable when your father passed). 

As such, the trust will be required to file a Form 1041 if it had any taxable income for the tax year, gross income of $600 or more (regardless of taxable income), or a beneficiary who is a nonresident alien.

In order to prepare a 1041 for a trust, you will need to purchase a copy of TurboTax Business. 

See 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).

[robabricali]

Need a live person call my [phone number removed]

[robabricali]

No need clear son questions please

[DoninGA]

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@robabricali  wrote:

No need clear son questions please

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Use this website to contact TurboTax support during business hours - https://support.turbotax.intuit.com/contact/

Or -

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Use this phone number and select TurboTax - 1-800-4-INTUIT (1-800-446-8848)

Or -

On every TurboTax web page, including this one, scroll down to the bottom of the page and click on Contact Us

[Critter-3]

@robabricali  

Don't ever post your phone number on any public internet forum  since no one legitimate will call it  ... only scammers pretending they are TT support.