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Online Tax Calculator for Non-Grantor, Complex Trusts?
Old 07-19-2021, 01:01 PM   #1
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Online Tax Calculator for Non-Grantor, Complex Trusts?

Our personal taxes are complicated enough we pay someone to do them for us. But throughout the year I make rough estimates of the tax implications of things we want to do financially before we progress them. I have found many good online tools to do this, some provided by this Board (thank you!). My current favorite is: https://cotaxaide.org/tools/Estimate...Worksheet.html .

HOWEVER, I also serve as Trustee of a non-grantor , non-revocable, complex trust. These trusts are covered by IRS form 1041 and have their own tax brackets, standard deductions, etc... None of the free online tools I've found will estimate taxes for a trust of this type. So I've made a spreadsheet to do what I need ... but I'd prefer to have an online tool to run as well. Partly just as a double check of my results. Partly so I don't have to update my own spreadsheet each time the tax code changes.

Does anyone know of a free online tool that will estimate non-grantor (non-revocable), complex trust taxes?
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Old 07-19-2021, 02:34 PM   #2
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Have you Googled 1041 trust tax calculator? I found this one online:

https://www.taxformcalculator.com/calculator/1041.html

Will it work for you?
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Old 07-19-2021, 03:13 PM   #3
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Quote:
Originally Posted by EastWest Gal View Post
Have you Googled 1041 trust tax calculator? I found this one online:
https://www.taxformcalculator.com/calculator/1041.html
Will it work for you?
I have seen that one before but it doesn't seem to actually calculate taxes.
Example, I put $10,000 in lines 2a, b2 and 4 defining capital gains and dividend income .... but no taxes are calculated later in the form. Maybe I'm missing something but I haven't figured it out at this point.

The only other two I "hit" on searches were paid products (TaxAct and Quicken for Business).
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