Best 1041 Tax Form Software for Trust

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Best 1041 Tax Form Software for Trust

Post by mvilleguy9 » Fri Nov 08, 2019 7:04 pm

Hi - this is the first year I'm going to have to file a return for my son's supplemental benefits trust. Granted I won't have enough dividends/interest to owe anything but at least for the first year, I'd like to use software to make sure I don't screw anything up.

Any recommendations as to DIY software to fill out a 1041 return? I've used TurboTax for my 1040 returns for years and love it, but TT for Business (which does a 1041) is about $150 which seems pricey. Is TT really the best for 1041? I'll pay the $150 if it's worth it.

In short, I'm doing this now to figure out what Santa Claus needs to put under my tree :D

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Re: Best 1041 Tax Form Software for Trust

Post by RickBoglehead » Fri Nov 08, 2019 8:09 pm

Look at form 1041. I don't think you need software.
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Re: Best 1041 Tax Form Software for Trust

Post by OhioGozaimas » Fri Nov 08, 2019 9:08 pm

TT for Business 2019 download currently is $120 at Amazon. (Windows only, no Mac version.)
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Re: Best 1041 Tax Form Software for Trust

Post by bsteiner » Fri Nov 08, 2019 10:16 pm

The H&R Block (formerly TaxCut) program is less expensive.

Have you determined that the trust isn't a grantor trust and has to file returns?

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