Question

Which turbo tax version allows for preparation of federal form 5227 for Charitable Remainder Unitrust?

Forum|Forum|4 years ago
February 25, 2022
2 replies
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TurboTax Online

What type of return are you trying to compete?

You can view a list of forms not able to be completed here. The form you are mentioning is not listed currently.

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M

mgdimarco

Charitable Remainder Trusts (CRUT, CRAT, NICRUT, NIMCRUT, etc) are Split Interest Trusts. They're required to report income and distributions annually on FORM 5227 and the 1041 version of the K-1 respectively. TurboTax for Business does not recognize this type of trust.

When will Intuit create a version or modifiy a version to handle these reports?

A

Anonymous_

Employee

@mgdimarco wrote:
When will Intuit create a version or modifiy a version to handle these reports?

Just a guess:

In all likelihood Intuit will never incorporate the form into the Business edition as it rather complex and there is almost certainly insufficient demand for the form's inclusion.

As an aside, there has been, seemingly, a lot of requests for the inclusion of Form 709 over the years, but Intuit has yet to include that form in any version of TurboTax.