Our 1041 Program (Estates and Trusts) features easy data entry and the automatic calculation of allocations to beneficiaries. Just enter beneficiaries percentage shares and the program takes over. The K-1 screen for each beneficiary shows totals for the return and the beneficiary's share of each total.
The program automatically allocates expenses against tax exempt income and calculates DNI and the distribution deduction. Because of the complexities of estate and trust income taxation, you always have the ability to override calculations for special situations.
SAXTAX depreciation handles through a separate full-featured Depreciation Program that calculates depreciation for up to six different depreciation "books": (1) regular taxes; (2) alternative minimum taxes; (3) ACE; (4) Internal (financial reporting); (5) State; and (6) Other (user definable). The normal cost of our Depreciation Program is $149, but it comes Free with the purchase of our 1041 Program.
Click on the Thumbnails below to view sample program screens.
1041 Program Features