Estate/Trust does not support North Carolina tax filing.
Problem w/1099-INT Line 10 (Market Discount): 1099-INT from bank entry = 0. Turbo Tax will not accept. Must enter "1" even though there is not a "Market Discount". Found solution by talking with Support.
Purchased 2 Turbo Tax Business Desktop packages for two different Estates. Can not work with two tax filings simultaneously. Must remove one package to work on the other package. Very cumbersome and time consuming.
Turbotax Business is nothing like the personal tax editions of software. Don't expect much help from the step-by-step. It will get the forms filled out for you if you know what you're doing, but that's about it.
I used 2024 TurboTax Business with State for my trust. For the following items on my K-1 Form 1065 it said “Not provided for in program. Manually enter on appropriate tax form.”
Box 11 Code A Other portfolio income (loss)
Box 19 Code A Cash and marketable securities
Box 20 Code AJ Excess business loss limitation
I buy your products so I don’t have to deal with manual forms. Had I known that I would have to anyway, I would not have purchased TurboTax Business.