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New Member
posted Jun 3, 2019 1:50:09 PM

Which version of turbo tax do I need to report income from a PA irrevocable trust

0 3 551
1 Best answer
Level 15
Jun 3, 2019 1:50:15 PM

TurboTax CD/download version --each one of them have all the Tax forms.

So you can do everything you need to do in the Deluxe version.

The next step up is the Premier and it will ask you some more detailed questions than the Deluxe in some areas, such as rentals and investment sales.

However you should be fine where you are in Deluxe.

3 Replies
Level 15
Jun 3, 2019 1:50:10 PM

You have a K-1 correct?

Are you using CD/download Deluxe right now?

New Member
Jun 3, 2019 1:50:11 PM

I have installed it, but have not started my taxes.
Let me clarify my question. I have a friend who is a professional tax person .
He said I would just download the info from schwab for my federal return, just like a regular investment account.

He did  my PA return (RK1) for the trust.. He has numbers from the PA return that have to on PA Schedule J when I do the PA return.  Plus he gave me some other info to go on the PA return.
I haven't picked up the PA return yet.  I will be getting it later today.

Level 15
Jun 3, 2019 1:50:15 PM

TurboTax CD/download version --each one of them have all the Tax forms.

So you can do everything you need to do in the Deluxe version.

The next step up is the Premier and it will ask you some more detailed questions than the Deluxe in some areas, such as rentals and investment sales.

However you should be fine where you are in Deluxe.