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Can I create a partnership return (1065 and K-1s) using Turbotax self-employed online?

I am using turbotax self employed online, but I also have a partnership that I need to prepare a return for.

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Can I create a partnership return (1065 and K-1s) using Turbotax self-employed online?

No.  You need Turbo Tax Business.
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

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3 Replies

Can I create a partnership return (1065 and K-1s) using Turbotax self-employed online?

No.  You need Turbo Tax Business.
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

Can I create a partnership return (1065 and K-1s) using Turbotax self-employed online?

So it sounds like I need TT Home & Business to cover the 1065 and the 1099 self employment income?

Can I create a partnership return (1065 and K-1s) using Turbotax self-employed online?

To do your personal return You can use any Desktop program.  All the Desktop programs have the same forms but you get more help and guidance in Home & Business program.

You need 2 programs.  Turbo Tax Business to do the 1065 and a personal program.  For your personal return you would need the online Self Employed version or any Desktop program.

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