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January 9, 2024
Question

Can TurboTax Home and Business handle form 1041?

  • January 9, 2024
  • 2 replies
  • 0 views
I understand that TurboTax Business will handle 1041.  My question is whether Home and Business can handle a from 1041

2 replies

DoninGA
Employee
January 9, 2024

The TurboTax desktop Home & Business edition does not support IRS Form 1041.

 

The Form 1041, U.S. Income Tax Return for Estates and Trusts is only supported by the TurboTax Business Edition.  The Business Edition can only be installed on a Windows based personal computer, not online or on a Mac.  The Business Edition cannot complete a personal tax return, Form 1040.

 

TurboTax Business Edition for tax year 2023 - https://turbotax.intuit.com/small-business-taxes/cd-download/

VolvoGirl
Employee
January 9, 2024

The Home & Business program can enter a K-1 you get from the 1041 return.