What version of turbo tax will work with K1 from blackstone?

[simplitia]

Hi all, wondering if anyone have experience with blackstone (BX)?  What version of turbotax will work and if you can let me know the procedure you took would be great! thanks. 

A

[LindaA · Accepted solution]

You may use TurboTax Premier Online, TurboTax Self-Employed, or a TurboTax CD/Download software product to enter information from a Schedule K-1. However, please note that if the Schedule K-1 (Form 1065) indicates that the partner is an IRA or another retirement plan you do not need to report it on your tax return.

[simplitia]

thank you. 

[honeycombe8]

My understanding is that you can import the k-1 files into the software/download TT versions, but not in the online version. You have to enter manually in the online version.  Also be aware that k-1s sometimes leave fields blank when they don't apply.  Turbotax requires a "0" be entered in some of those fields, in case you run across that issue (which I did). I didn't find an answer to the error anywhere, but found it out when I had paid for online consultation, so was able to call in to find out the problem.

[mollydev]

Just to confirm, you cannot use the free or simple version if you have a K1, is that right? Thanks.

[VolvoGirl]

Right.  You need the Online Premier version (or Self Employed version) OR any of the Desktop programs to enter a K-1.