does turbo tax business and home include 1041

It sounds like you will at least need to file a federal (and possibly state) income tax return for the trust.

Are you executor of the estate? Did the estate have income? Is an estate lawyer involved who might advise you about considerations like offsetting the estate income with those final expenses? Do you have a tax ID for the trust? Did the trust receive a 1099? I think you would get more help by posting these questions in a new thread with a less TurboTax-focused title. What type of 2022 tax return will then be needed? What type of 2021 tax return do I need to file? Plan would be to distribute sale proceeds of house and trust balance to myself and sister in 2022. The trust contains <$40K and is being used for DM's final expenses and will be used when her house is sold this year (house is titled in name of trust). Trust had ~ $150 in CD dividend income in 2021. We are now the Trustees for a small trust from DM.

DM passed away last year leaving a Trust to myself and Sister. 1041 and K-1 is all new to me, but I feel maybe relevant to understand more. This has been a very informative thread on TT for Trusts. If you know a good one, I also like the idea of hiring an accountant for the first year and comparing your results. If you don't have someone in mind, maybe the estate lawyer could recommend a good accountant. You might try it (for $120 at Costco) first and then look for an accountant if you run into any problems. Some accountants lack expertise in this area, so TurboTax could actually be a better resource. It's much faster and probably more accurate than preparing a return manually. I haven't compared it with other tax software, but it has worked well. I've used TurboTax Business for estate and trust e-filings in recent years. What experience to you have in this area? This is a testimentary trust established from my mothers will for my disabled sister. The trust will probably have very little interest income and will probably payout what it does take in. Or would it be better to just see an accountant. Does anyone use TurboTax for completing a 1041 for a simple trust.

Does turbo tax business and home include 1041