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Trust return

Forum|Forum|5 years ago
January 13, 2021
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I have Turbotax Home & Business. How can I start a return for a Trust (form 1041)?

TurboTax Home & Biz Windows

Best answer by Anonymous_

You need TurboTax Business (link below) to prepare a 1041 for a trust; this product is different than Home & Business which can only be used to prepare individual income tax returns (e.g., Form 1040).

https://turbotax.intuit.com/small-business-taxes/

A

Anonymous_Answer

Employee

You need TurboTax Business (link below) to prepare a 1041 for a trust; this product is different than Home & Business which can only be used to prepare individual income tax returns (e.g., Form 1040).

https://turbotax.intuit.com/small-business-taxes/

O

oldcheme

This product is $170 to report trust income of $68. I think I'll pass.

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DianeW777

You may not be required to file. A trust or estate return is not required if the gross taxable income is less than $600. If this is the situation for your trust return you do not have to file it for 2021.