The process is easy to navighate but at times it is a pretty intimidating for the average tax payer. Was able to get it completed when I reviewed my draft before filing it was hard to reconcile the draft with the final for filing. I admittedly may have requested two different option between the review coy and final.

Using for filing a trust return. Software is not bad except that if you make a mistake and need to correct, so fields do not update properly. Frustrating and I ended up starting a brand new return. Could not delete the old return on the desktop software.

This is in regards to IRS Section 663(b) and the ability to extend distributions for a trust by 65 days into the next year. I am a trustee for a private trust, the beneficiary is disabled and has a Qualified Disability Trust (QDT) that would be a Complex Trust were she not disabled. The process of getting TurboTax Business to recognize the Section 663(b) extension was convoluted. I had to declare the trust first as a Complex Trust and go through nearly all the Step-by-Step screens to set up Section 663(b).. I learned that the way to have the return created correctly was to wait until the very end before changing the Trust Type to QDT. Changing the Trust Type to QDT too early in the process removes the options to invoke Section 663(b). This was confusing and time consuming. Can you enable Section 663(b) for a QDT for the outset of the Step-by-Step?

Have used the TurboTax Business product for years to prepare relatively simple partnership tax returns. The product can use some improvement in how to reflect transfers of interests in the partnership. The input forms require some trial and error to create correct partner K-1s and keep the ownership percentages in balance when a change in partners occurs.

TurboTax is indeed exceptional and your expert staff is certainly no less.The last expert who carried us through very difficult balance sheet issues with great competency, kindness and efficiency was Kelli H. Well done on your hiring! Kelli made TurboTax the unequalled tax solution that it is.

TurboTax Business does not properly complete K-1 section II, items J and L. I had trouble with this last year, and TurboTax helped by explaining the Override feature in Forms view, which allowed me to fix the issue manually. However, they did not fix the issue for this year - I had to do the same thing to get the K-1 completed properly.

Every year there seems to be an issue. This year TurboTax mandated that I enter a designated individual even though the PR is not an entity. So I entered that DI info and it was rejected because the PR was an individual. Just looped in circles. However, because of this, I could not submit electronically.

I would give this software a 5-star rating, but I am very upset that Intuit can not make it compatible with Quickbooks Online. It doesn't make sense! I don't want to have to download Quickbooks Desktop trial version to do a conversion and upload. Information can get transferred inaccurately an screwed up in the conversion processes. There are numerous complaints documented about this incompatibility. Please FIX IT! You hold my information hostage in Quickbooks online, at least let me use it to do my taxes with Turbo Tax accurately!!!!!

TT Business seems to be the forgotten stepchild, yet it costs more. For my Trust return, I couldn't download 1099s or file my state electronically. It also didn't explain what many forms were, instead simply asking me if i needed to add them. I had to look them up myself. while I am happy with the regular TT, TT Business is not very good.

The S Corp tax return does not have all the relevant information flowing into the correct forms, so it becomes confusing as to how to correct the forms. Examles are the 199A form, the related worksheets and the numbers in K1 in part 3 #17 which states "STMT" BUT THERE are no figures in the statement - which statement is it - statement A or 199A. it is not clear which figures to use in the personal tax returns. Also as i am using Turbotax for S corp and for personal tax return, you should have the from S corp flow into the personal return. There are difficult parts inthat section to know what num.bers to add in