Customer Reviews for TurboTax - Business 2024 Federal Only + E-file - Windows [Digital]
Customer Rating
2
TT for trusts has some glitches
on February 24, 2025
Posted by: Joseph126
from Michigan
Most of the software is super easy to use. However, when I finished error checking, and then I filed the 1041, I tried to print/distribute K-1s and it said I need shareholder information. Apparently, I had selected the wrong trust type (grantor vs simple vs complex). Nowhere was this guidance provided before filing and attempting to distribute K-1s. I also called TT support three times before I received an answer why I was receiving this K-1 message (which was not discovered in the error checking process either). I also encountered problems trying to access deduction entry forms after I had nearly completed the return so I could edit an entry, a glitch also witnessed by one or two of the support people I called.
I really appreciate how easy it is to use Turbo Tax Business every year. I like how it pulls the previous years return through and the explanations about any new changes to the current year's return.
As with every year, it did not carry over the correct previous year end retained earnings. Nor did it allow for Member contributions and distributions as set up in Quick books. I ended up netting the 2 accounts. For retained earnings, I just pushed the correct # from the prior year books from Quick books. I spent hours last year having TT try to get it right. Not going to do that this year. I will risk the audit and invest the time then and blame TT. My books are correct.
Having to buy TurboTax Business is overkill for those who only need to file a 1041 because an elderly family member put their assets into an irrevocable trust. This version of TurboTax also does not have the option to download 1099 information, it must be manually entered.
The app works fairly well but I would really like to see a Mac version. As is, I have to run on Parallels and switch back and forth between my Mac bookkeeping, spreadsheets and banking software and TurboTax. This is inconvenient at best and there is no way to import Mac Quickbooks data into TurboTax business. Between Intuit's 2nd class support of the Mac platform (in the case of TurboTax business, none at all), the move to online/cloud applications (I don't want my finances online!) and the push toward subscription services, I am looking for alternatives to the Intuit universe.
I used Turbo Tax for business. Somehow I typed something that made the shares wrong. There was no place to fix it. I ended up deleting the entire document and starting over again because I couldn't find online help to fix shares.