1041 Schdule K-1

[gauth24779]

I just received a K-1 form from a trust.

Apparently, I need to amend my 2023 return to add this income (4a  net long-term capital gain).

Do I have to upgrade my service with you to BUSINESS (at a significant expense) in order to amend my 2023 return?

It shouldn't be that complicated.

G.

[tagteam]

You need to upgrade to Premium if you're using an online version of TurboTax in order to enter information from a K-1.

You can use any desktop version for that purpose, however.

[VolvoGirl]

No you do not need the Business program.   That is to prepare the 1041 and Schedule K-1 return.  If you are using the Online version you will need to use Premium to enter a K-1.  So you have to upgrade if you are in Deluxe or the Free Edition.

If you have the Desktop installed program then any version will work.  All the Desktop programs have the same forms. You just get more help and guidance in the higher versions. 

You should not amend until the first return has fully processed and you get the first refund or your tax due payment has cleared.  

How to Amend this year

https://ttlc.intuit.com/turbotax-support/en-us/help-article/tax-return/amend-federal-tax-return-curr...