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February 21, 2024
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TurboTax Business Summary 1099 Input

  • February 21, 2024
  • 1 reply
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I am using TurboTax Business for an Estate to file a Form 1041. I have used the 1099-B summary input due to the number of transactions included in one 1099-B. The instructions say that I will need to attach the Financial Institution's statement to the 1041 when filed. As I would like file it electronically, will TurboTax provide instructions in the e-filing process regarding how to attach the financial statement?

Best answer by Anonymous_

You can certainly e-file your 1041 but you will have to mail the statement (1099-B) and transmittal form to the IRS.

1 reply

Employee
February 21, 2024

No, TurboTax Business does not support attachments with the exception of Form 8453 for electronic filing.

 

You will have to mail the 1099-B to the IRS.

February 21, 2024

A follow-up question. Does that mean I cannot e-file the 1041?

Employee
February 21, 2024

You can certainly e-file your 1041 but you will have to mail the statement (1099-B) and transmittal form to the IRS.