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Level 1
January 6, 2024
Question

Trust Taxes

  • January 6, 2024
  • 2 replies
  • 8 views

I would like to do my Trust tax returns using TurboTax Business if possible this year. I have a few questions. 1- I see Turbo Tax Business has form 1041 listed which is what I will fill out. I doesn't list form K-1 which I will also need and is common. Does the program complete the K-1 and generate it? If I want to use the assistance service for the business software does it support trust returns?

2 replies

VolvoGirl
Level 15
January 6, 2024

Yes it does the K-1 for you.   The Desktop Business program doesn't have the extra assistance.  But there is a new Live Assisted or Full Service for Business returns.  It's not part of the Business Desktop program but is a separate service

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VolvoGirl
Level 15
January 6, 2024

Scratch that.  Looks like the live & full service is only for business returns, not trusts.  So you're on your own using the Desktop program.  You can post questions in the forum.