Question

Schedule k1 form 1041

Forum|Forum|6 years ago
June 4, 2019
1 reply
0 views

This is from Janice's brothers estate does this need to be entered some where on the tax form for money she got from the estate

TurboTax Deluxe Online

PopeyeTheSalior

Yes, if you were the beneficiary, you are required to report the distribution received from the estate. To enter a Schedule K-1 of Form 1041 in TurboTax online program, you will need to upgrade to TurboTax Premier online edition to complete your information and filing.

From TurboTax Deluxe edition, follow these steps:

1. After sign into your account, select Take me to my return

2. At the right upper corner, in the search box , type in K1 and Enter

3. Select the 1st choice on the search results - Jump to K1

4. On next screen, Schedules K-1 or Q, answer Yes

5. Follow prompts to upgrade to enter your information

J

junkin63

Why would you send them to purchase the premier without mentioning that they will need to use the Turbo Tax Business Edition in order to file the 1041?