Using Turbotax Home & Business, how do I create a 1065 schedule K-1? I don't need to enter information from a K1, but generate it.

Forum|Forum|7 years ago
June 5, 2019
4 replies
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Best answer by VolvoGirl

Sorry You need Turbo Tax Business to prepare the separate Business return.
The small business program (TT Business) is for 1120 Corporation, 1120S Corp, 1065 Partnership or 1041 Estate/Trust returns and will not do your personal 1040 return. It is a separate program from the Desktop Home & Business program or the Online Self Employed version.

Turbo Tax Business is not available to do online or on a Mac. You can buy the Window's version here. And you can have both TT Business and TT Home & Business (or any personal version) installed on your computer at the same time.
https://turbotax.intuit.com/small-business-taxes

VolvoGirlAnswer

Level 15

carlmax46

Level 2

Can turbo tax business run on iMac for 2020 returns. How do I get a copy?

Critter-3

Level 15

It can ONLY run on Windows ... but ....

You can probably run the Windows Business program on a Mac using a Windows Emulator like Parallels. But you would have to buy a copy of Windows to install in it. Google Windows on Mac to get articles on the various options

One of the other users posted this, There are 4 popular products you can use: Parallels, VMWare Fusion, Oracle VirtualBox, or CrossOver. The first 3 require you to also buy a copy of Windows. The first 2 cost $50-80, the third is free. CrossOver also costs about $50-$80 but does NOT require you to buy Windows.