Amending a TT Deluxe return in TT Business

[kshots]

I just received a 1041 schedule k-1 from my grandmother who passed last year. I was expecting it to show up in 2022, but apparently it's reported for 2021... so now I have to amend my return. Originally, I filed in TurboTax deluxe with no state return. From what I read, I have to use TurboTax Business to handle a 1041.

Ok, that's another $170... ouch...

Now that it's installed, it won't import my tax return from TurboTax deluxe (the .tax file) with an error stating:

"Some formsets are not present on this machine. Please install all formsets.

Error: 190"

From browsing around, this can be worked around by deleting a state return... which I don't have to begin with (and I don't see how that helps anyways).

I've updated after installing, and it keeps giving me the same message. Is there some incompatibility with Deluxe? How do I import my return from Deluxe? Are there alternatives for amending a return to include a 1041?

[HelenC12 · Accepted solution]

No, you can't use TurboTax Business to enter your personal income tax information. The two are not compatible. TurboTax Business may be used to prepare Form 1041 and the K-1's but that's prepared by the "executor". 

• To request a refund of the TurboTax Business program, see How do I request a refund for my TurboTax product?

You are not amending Form 1041. You are amending your 2021 personal income tax return to include your Schedule K-1 (Form 1041). See How to amend (change or correct) a return you've already filed

All you enter is the K-1, that you received. You would enter that on your personal income tax return. You may use one of the following products to prepare your income tax return(s):

• TurboTax Online: TurboTax Premier, TurboTax Live Premier, TurboTax Self-Employed or TurboTax Live Self-Employed Note: If you used TurboTax Online Deluxe, you may be able to upgrade to Premier during the amendment process.
• TurboTax CD/Download: Deluxe, Premier, or Home & Business. 

Note: The higher the version, the more step-by-step guidance you'll receive.