Tax Guru – Ker$tetter Letter

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Software For Trusts

Posted by taxguru on February 5, 2006


Subject: 1041 software

I am individual who is trustee for my three adult children’s trusts of $250,000 each inherited from my father. I just ran into your Web site and hope that your software would be what I need to prepare their tax forms. All the money is invested with a broker and I plan to distribute the income to them. Please let me know if your product would be good for me and put me on a mailing list to let me know when it is available.


I’m confused by your inquiry.  We don’t sell software.

If you are referring to the QuickBooks programs, which you can buy via some referral links on our websites, that is the best program for keeping the books for trusts, as well as anything where there is money involved.  Most of my clients who have trusts use it and then send me their data discs to use in preparing the 1041s.

QuickBooks can prepare basic 1099 and W-2 forms; but not the 1041 or other income tax forms.  While I use the very expensive top of the line Lacerte programs to prepare all kinds of income tax returns, including 1041s, there are other less expensive products out there, if you plan to prepare them yourself.  A web search should locate those programs.

Kerry Kerstetter


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