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April 15, 2024
Question

Texas Trust owns rental property in Califonia, but Business only asks if I want to file a Texas return.

  • April 15, 2024
  • 1 reply
  • 0 views

I am the fiduciary of a Texas Trust. The fiduciary and all beneficiaries live in Texas. The Trust's only source of income is a California rental property. TurboTax Business asks whether I want to file a Texas return, but says nothing about California. The rental income is more than $70,000 so it appears that I should file a California return. Is there any way to "force" TurboTax Business to prepare a California 541?

1 reply

PatriciaV
Employee
April 16, 2024

Yes, you can install the state module that you need by clicking Online in the TurboTax header, then choose Download State. Once that module is installed, go to the State Taxes tab and click on California Estates and Trusts under General Info. Work through the state interview to complete the California trust return.

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