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    What software is everyone using for Form 5227 Split Interest Trust since ProSeries refuses to add?

    PA CPA 900
    Level 3

    I've been told for years that ProSeries is going to add Form 5227 and it's still not there. They charge me for using LaCerte for this one return each year and I absolutely hate it. It takes me twice as long to prepare the return as it should by the time I download and figure out where to enter everything. Even the much cheaper Drake offers this form so I'm thinking about trying them out instead of using LaCerte. Plus I don't like paying additional for something which should be included in my ProSeries Professi

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    14 Comments 14
    IRonMaN
    Level 15

    Who in the world has been telling you that ProSeries is going to provide the form?  After centuries of begging I gave up years ago.  I used to prepare 4 of those buggers when I first started begging but now I’m down to one due to clients dying off that needed the form.  For years I used other software that provided fillable forms.  Lately I have just being doing them by hand.  They aren’t pretty, but it gets the job done.


    Slava Ukraini!
    Taxtime3
    Level 4

    I use Thomas Reuters Onesource Trust tax.  However, fiduciary returns are the bulk of what I do.

    0 Cheers
    Taxes-by-Rocky
    Level 8

    Technically, the IRS is "mandating" efiling of Form 5227 next year....but I'll believe it when I see it.  See instructions to form....where it looks like wishful thinking there as well.

    IRonMaN
    Level 15

    The instructions say e-filing expected to be available in 2023, I didn’t see where it was mandated.


    Slava Ukraini!
    0 Cheers
    Taxes-by-Rocky
    Level 8

    It's late, I'm tired.  I read it the way I wanted to.  That's how I always read instructions to tax forms. 🤣🤣

    If enough of us use the word 'mandate' as a narrative maybe the IRS and software companies will actually believe it!!

    Taxes-by-Rocky
    Level 8

    Oh yeah, I think they expected it to be available back in 2021 as well.

    Taxtime3
    Level 4

    This was the first year I could e-file a 5227.

    0 Cheers
    Karen
    Level 2

    Do I understand correctly that if I file more than 10 returns I will now need to e-file Form 5227?

    But as we are all complaining about, Proseries does not offer form 5227.  In prior years I just filled out a pdf form and mailed it as I found trying to learn Lacerte more time consuming and frustrating than preparing by hand.  So what is anyone else in my situation planning to do this year?

    FaithC
    Level 1

    I'm still trying to figure out what software to use for form 5227.  IRS sent a notice with the extension approval indicating it needs to be efiled.

    0 Cheers
    IRonMaN
    Level 15
    PATAX
    Level 15

    Like asking if you can have heated leather seats in a 1992 Yugo.😉

    IRonMaN
    Level 15

    If you are going to ask for heated leather seats, you might as well go for broke and ask for a flux capacitor while you are at it.😁


    Slava Ukraini!
    PATAX
    Level 15

    @IRonMaN I think radio was a luxury option in the Yugo. A.M.

    IRonMaN
    Level 15

    Are you sure?  I didn’t think they were that luxurious 😜


    Slava Ukraini!