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Business Turbotax software for Trusts

Hi, I need to complete a trust return for my 94 year old dad.  I am confused and can not find one single tax service in the Seattle area to help.  Is there anyone here able to help me with a very simple trust return.  Trust has a paid off home and a savings account and that's all.  

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14 Replies

Business Turbotax software for Trusts

 

Business Turbotax software for Trusts

I've been calling Intuit customer service line all day and there is something wrong with it.  

Business Turbotax software for Trusts

Hello, yes there is a EIN number.

 

Business Turbotax software for Trusts

I looked at that directory and the person on there has a link.  It doesn't work.  I wouldn't mind doing a video call but not sure how.  I'd even pay someone but can't find anyone.  I did it with the help of a fellow who sold me a membership to his financial club.  It was supposed to be a lifetime membership but when last April came around, he was on vacation and told me to file an extention.  I did.  Now, in October he wants $200/hour to help me again.  No membership I guess :(

Business Turbotax software for Trusts

 

Business Turbotax software for Trusts


Business Turbotax software for Trusts

I already bought the Business turbotax for Trusts.  I just got confused at some point.  I thought there was a way to do your taxes alongside turbotax live help.  They take over your computer I think?  

Business Turbotax software for Trusts

I called several today and none of the want to help with turbotax return.  They just want to do a return.  I have already done the return, felt unsure, filed an extension and thought October 15th was deadline.  Found out today that I'm late. I did send a bunch of money at extension so maybe my dad won't get in trouble.  I'm so frustrated.

Business Turbotax software for Trusts

 

Business Turbotax software for Trusts

 

Business Turbotax software for Trusts

I apologize for the delay.  I had to refresh my page to see that you replied.  

 

Business Turbotax software for Trusts

No, it has existed for several years.

 

It was done by a CPA for my dad and I found out that his fee was equivalent to almost 2 months of his income for the year so I did it in 2022 with the help of that fellow I mentioned.

 

I don't know what a grantor trust is but dad's is a revokable trust.  He is the trustee and I think I am once he passes :(

 

I looked at the returns the CPA had done and there were so so so many pages, charts, schedules that I think I did dad's wrong.  I got scared and stopped.

 

I went back on Turbotax today to finish and it is looking like I am finished.  I guess maybe it looks like that because I filed an extention?  I don't know.    

 

In a nutshell he has a paid off house and a savings account he put into the trust.  Last year I was able to get him 4.62% on his savings and he made some interest income.  On December 31st, I paid him from the trust all of the interest amount and filed his SR1040 with a K?

 

Business Turbotax software for Trusts


 

Business Turbotax software for Trusts

Thank you.  I appreciate your time and information.

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