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Level 2
Feb 21, 2024 12:01 PM UTC
Solved

TurboTax Business Summary 1099 Input

I am using TurboTax Business for an Estate to file a Form 1041. I have used the 1099-B summary input due to the number of transactions included in one 1099-B. The instructions say that I will need to attach the Financial Institution's statement to the 1041 when filed. As I would like file it electronically, will TurboTax provide instructions in the e-filing process regarding how to attach the financial statement?

Level 15
Feb 21, 2024 4:07 PM UTC

You can certainly e-file your 1041 but you will have to mail the statement (1099-B) and transmittal form to the IRS.

7 replies

Level 15
Feb 21, 2024 2:06 PM UTC

No, TurboTax Business does not support attachments with the exception of Form 8453 for electronic filing.

 

You will have to mail the 1099-B to the IRS.

Level 2
Feb 21, 2024 4:02 PM UTC

A follow-up question. Does that mean I cannot e-file the 1041?

Level 15
Feb 21, 2024 4:07 PM UTC

You can certainly e-file your 1041 but you will have to mail the statement (1099-B) and transmittal form to the IRS.