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- TurboTax Business version for 2025
The IRS has not published the 2025 forms yet Form 1041 for 2024 was released by the IRS in December 2024 The IRS instructions for 2024 were not published until January 2025 After the IRS releases the 2025 forms and instructions, TurboTax will need some time to incorporate the new forms and instructions into the software
- Whats a 1041 form? - Intuit
Form 1041, US Income Tax Return for Estates and Trusts is generally used to report the income, gains, losses, deductions, and credits from the operation of an estate or trust
- Solved: How do I get form 1041 from turboTax - Intuit
How do I get form 1041 from turboTax Hello experts, I have Turbo Tax Home and Business and would like to use TurboTax to populate form 1041 for my mother's estate income My understanding is you need Turbo Tax Business in order to do a form 1041 I assumed Turbo Tax Home and Business qualified for "business"
- ¿Qué es un Formulario 1041? - Intuit
El Formulario 1041, Declaración del impuesto sobre el ingreso de los Estados Unidos para patrimonios y fideicomisos, se usa generalmente para reportar los ingresos, las ganancias, las pérdidas, las deducciones y los créditos derivados de la operación de un patrimonio o fideicomiso TurboTax Businessadmite la presentación del Formulario 1041
- Does Principal from an Irrevocable Trust Distributed to a Beneficiary . . .
if it's a complex trust the principal distribution is reported on schedule B line 10 of the 1041 from 1041 instructions Line 10 is to be completed only by a complex trust These distributions consist of any other amounts paid, credited, or required to be distributed and are referred to as “second-tier distributions ”
- 1041, distributions and K-1s - ttlc. intuit. com
1041, distributions and K-1s I am the executor for my father's estate and I have a few questions on the 1041 I distributed a large portion of the estate's corpus in 2024 but I did not include any income in the distribution The decedent's will does not require income to be distributed so I held off distributing income
- Solved: Question regarding how to handle 1099 1040 1041s after a . . .
3) File an estate 2024 1041 with the "new" 1099's and then write a K-1 with myself as the beneficiary The estate will then pay zero taxes for 2024 and simply move the remaining tax burden to myself and my personal 2024 1040 My question for 2025 I expect to still get some 1099's issued to her SSN Would I repeat the same procedure above for
- Do I need to file 1041 if no tax is due? - Intuit
Yes, if what you determine the gain to be is correct, and regardless of any tax due If there is any income within the estate for the tax year that is $600 or more, a Form 1041 must be filed Yes assuming the estate received the proceeds and then distributed the gain to them, each beneficiary needs the K-1 if there is income distributed to them The distributable net income may indicate there
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