What version includes form 8971

Forum|Forum|7 years ago
June 4, 2019
1 reply
4 views

I received a for 8971 from a family trust, however I'm not seeing this mentioned in any of the TurboTax versions (so far). Can anyone direct me as to which version is appropriate and where to find the form?

TurboTax Premier Online

DoninGA

Level 15

TurboTax does not support IRS Form 8971, Information Regarding Beneficiaries Acquiring Property from a Decedent.

Executors file this form to report the final estate tax value of property distributed or to be distributed from the estate, if the estate tax return is filed after July 2015. This form, along with a copy of every Schedule A, is used to report values to the IRS. One Schedule A is provided to each beneficiary receiving property from an estate.

IRS Form 8971 - https://www.irs.gov/pub/irs-pdf/f8971.pdf

IRS Form 8971 instructions - https://www.irs.gov/pub/irs-pdf/i8971.pdf

DoninGA

Level 15

You should have also received a Schedule K-1 from the executor of the estate. A Schedule K-1 is reported on your personal tax return. Using the online editions you would need either the Premier or Self-Employed edition to report the Schedule K-1.
Enter k-1 in the Search box located in the upper right of the program screen. Click on Jump to k-1