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March 17, 2022
Question

Schedule D form 1041 Trust return

  • March 17, 2022
  • 2 replies
  • 0 views

The trust received a1099B that includes some collectible gains taxed at 28%.  In the interview form in the Turbotax business program for form 1041there is no place to indicate that the gain is 28% gain.  Compare this to the interview in the 1040 program where it asks if the gain is 28% collectible gain.  How do I fix this so I can enter the collectible gain and have the proper code on the form 8949

2 replies

Employee
March 17, 2022

You need to check the Add More Details box and click the Start button.

 

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gefbtfAuthor
March 18, 2022

This only works if I list each transaction separately, I was hoping to do a summary entry for all the collectible transactions as there are many of them and then attach the 1099B to the return

Employee
March 18, 2022

You can almost certainly accomplish that in Forms Mode.

 

However, you will have to print and mail your return.

March 20, 2022

how to attach 1099B to 1041 trust return?

Employee
March 20, 2022

@danrojohn wrote:

how to attach 1099B to 1041 trust return?


You cannot attach a 1099-B to the 1041 and e-file the return with TurboTax Business. 

 

You need to print and mail.