Context

Customers using AI Tax Prep may wonder whether 1041 (fiduciary) returns are supported and what functionality is available for them.

Answer

AI Tax Prep has partial support for 1041 returns. Specifically, the system will create a Binder for 1041 returns. However, there are some important limitations to be aware of:

• Binder creation is supported for 1041 returns.

• Sending to tax software is not supported — 1041 returns (and business returns) cannot be sent directly to tax software.

• Once the Binder is complete, you will need to run tax prep manually to get output in forms.

• You can also use the Microsoft Excel plugin to create or edit a Workpaper for 1041 returns.