Hello Everyone,
I have a friend who is a trustee of a trust and need to do the tax and issue a K-1 for the recipient of this trust. I understand that Turbo Tax Business edition allows us to create and issue the Federal version of K-1 for this purpose. Since I have not purchase this yet, within this software, is there an option for us to also do the state portion of the K-1 as well (KV-1)? Asking because I do not see the option to purchase the State portion of Turbo Tax Business available for purchase separately. Thank you again.
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Yes, with TurboTax Business you will also be able to file the state return for the trust and any schedules K-1 you need. There is an additional fee for the state return. For more information visit TurboTax Small Business.
@siraseranant wrote:
......Asking because I do not see the option to purchase the State portion of Turbo Tax Business available for purchase separately....
Note that TurboTax Business does not support ALL state fiduciary returns. Check the site at the link below.
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