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Level 1
posted Oct 30, 2024 4:03:14 PM

Trusts

Does Turbo Tax do 1041 for a trust? I am the successor trustee.  Craig

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3 Replies
Level 15
Oct 30, 2024 4:06:29 PM

For a trust return you will need TurboTax Business on a Windows computer.

 

 

Level 15
Oct 30, 2024 4:08:23 PM

Employee Tax Expert
Oct 30, 2024 4:10:18 PM

Yes.  You will need TurboTax Business to file Form 1041.  The personal versions of TurboTax do not support this form.

After you install TurboTax Business and begin working on your return, you'll be asked which type of return you need to prepare. Select Trust or Estate return (Form 1041) and proceed.

 

Here is the link:  TurboTax Business 

 

Also, this guide should provide further details about trust taxes:  Video-guide-to-a-fiduciary-income-tax-return