I use this version to prepare complex Trust returns. I find the step-by-step to be lacking the nice features that the individual Premium version does. Then, when I review the return, there is stray information in it, and darned if I know where it came from. I can work around it, but it's a pain to pin down. Lastly, the TT worksheet info is only as good as what was entered in prior years, and I admit to not always entered things. This year I went back and researched what was correct, but of course, that didn't agree with the worksheets. I could correct things, but I couldn't override them. And the overrides on a worksheet should be allowed, and not rejected for efiling. Just saying. TT is not in control of the information, I am.
This is a good product but for trusts, the questions can be lacking and additional info will not help you unless you are well versed in complex trusts. It will not give you guidance on potential ways to optimize tax rates. You MAY have this flexibility depending on distributions and the number of beneficiaries. I have used this product to do my trust return(s) for ten years.
Everything works as it should. Had no problems with filing the trust return. However, one possible error by TurboTax is that it did not ask for filing 8453F for my state return. It did make the 8453-FE form easy to attach to federal return.
-- I opened a ticket in February for bug in TT Business for North Carolina which causes an error during review. When generating filing documents, a dialog box pops up stating you have error(s). This blocks e-filing my return. This ticket is over 6 weeks old without any feedback from TT. -- NO RELEASE NOTES ARE AVAILABLE FOR CONSUMER VERSIONS. the Account/CPA versions have release notes. -- The colors for fields in Forms Mode are not carried over to Interview mode. This is a very simple change but Intuit does not seem to care about it's customers
Very helpful. I like the help with the K-1 Forms. However, all of the "More Information" type of links, including the one that says "File Your State Taxes Now," default to the same TurboTax main page offering to sell me TurboTax, which I already own. Also, at the end was a screen that said "Mail These Forms to the Government" but when I printed it, all I get is a cover sheet titled "Electronic Filing Instructions for your 2024 Federal Tax Returns." Am I supposed to mail that to "The Government," and if so, what address should I mail it to.