TurboTax Business software for the 541 California estate income tax return has a software glitch that does not permit The distribution of gains to the beneficiary and results in a Tax being charged to the estate rather than passed on to the beneficiary. The software needs to provide the option to pass capital gains on to the beneficiary through the K-1 form along with the associated worksheets to accomplish the task.. . An additional worksheet needs to be created to take the California capital gain amount in schedule D (541) Part II, line 9(b) Fiduciary and move it to line 9(a) Beneficiary so that the gains will be properly allocated to the Beneficiaries through the K-1 form rather than taxed in the Estate.

Not a lot of explanation or step by step like personal income tax Turbotax, it was a good thing I had the previous year's returns (prepared by a CPA) to refer to as things such as 199A and REITs were not supported in the step by step. Also errors in the narrative- refers in one spot to 2014 return when this is for the 2022 return. Needs a good proofreader. Guess I'll just live with the aggravation as the cost is about 1/4 that of the CPA prepared returns.

It gets the job done, but TurboTax Business 2024 seems like it hasn't really been "gone through" to update it to current tax forms. For example, it references "1065, Line 22" on the K-1 Statement A QBI forms, but that's in old forms. Current form reference should be "Line 23". Also had trouble dealing with ownership percentages before and after a partnership change. Forms kept deleting the percentages and causing "we found 17 errors" to pop up. Just seems like the product is the exact same as it was in 2020 (my last purchase) and un-cared-for.

Love the product. I use the business version for 3 corporations and one LLC I own, and it lets me define and know everything. IT also lets me start working on the taxes before year's end to know what adjustments I need to make in the expense side of things as a tax strategy to close the year. It is made more complex by having more than 11 bank accounts.

The 1041-ES tax vouchers print even when you don't want them. If you check Complex Trust in the Information Worksheet there should be a follow-up prompt, " Is the trust required to distribute all income currently." If so, the Exemption is $300, not 100. Currently you have to override the $100 entry with $300. Would like to download the Form 1099 information from the brokerage account rather than have to enter manually.

Turbotax business desktop is a great tool that provides the needed structure to file my business taxes every year. Overall, they have done a pretty good job at explaining things and making it easy. However, they have gotten lazy in some areas and just show a form with no explanation on what is required in an area, requiring a Google search as well as a ChatGPT conversation to complete.

My only complaint is that I signed and uploaded the E-File form and it showed as an attachment to my 1120S. However, the documents printed did not include the signed e-File form. I'm assuming the attachment gets filed electronically with the return? This is not clear and confusing.

Hard to get it installed. Every year, putting in payroll numbers is a challenge. (Owners, taxes and general payroll). It would be nice if the categories were all in one place. The state review is a challenge. (NC) even though I run error check and clear, when I get ready to file, it says there is an error. I can never find what is the problem. BTW, I have used Turbo for about 20 years.

This product is horrible for business. It really is not a good product for business use - directions are "eh" or not there. It fails in so many ways. I know others have complained however it appears that no improvements have been made. I'm done with them! I would give less than 1 star if I could.

I have used TurboTax Business for years but will probably not next year. The 2024 version seems to be riddled with errors such as checked boxes that appear with no means to uncheck them. The "out of balance" situation was one nightmare among many. My State Dept of Revenue and the TurboTax website both say I can e-file but when I tried, it said I couldn't. As a last insult, after e-filing my federal return, it wouldn't let me print my state return to file unless I first printed my federal return.