Fiduciary Tax Returns

Forum|Forum|4 years ago
March 11, 2022
1 reply
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OK, so now I'm planning for next year's taxes. I used Premier this year, but it doesn't have forms 1041 and schedules and form 141-AZ and schedules. Do you have a product that will allow me to fill in these forms and feed into the form 1040 and AZ-140? I can't believe that with the number of living trusts out there, there must be some program that will do this job. The 1041 isn't that hard to fill out, just labor intensive. It would be nice to enter the 1099-B, 1099-int and 1099-div as I get them in the mail, reconcile them and put them into the proper forms.

A

Anonymous_

Employee

TurboTax Business can be used to prepare a 1041 for a trust as well as an 141AZ.

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

Note that TurboTax Business must be installed and run in a Windows environment; there is no online or Mac version. Further, you will also need another product (such as TurboTax Premier) to prepare your personal income tax return.

FoxyGrandpaAuthor

Employee

So then what you are telling me is that I need to purchase one copy of TT Business and one copy of TT Premier to get the fiduciary tax returns prepared?

A

Anonymous_

Employee

Yes, you need a copy of TurboTax Business to prepare your fiduciary tax returns and a copy of another TurboTax product to prepare your personal tax return.

Note that you can use any desktop (installed) version of TurboTax to prepare your personal income tax return.