Does turbo tax premium and business handle form 1041 for a trust and also generate k1 forms?

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"Does turbo tax premium and business handle form 1041 for a trust and also generate k1 forms?"

Read the product descriptions carefully because it appears as if you are confusing one product with another.

In order to prepare a 1041, and the associated K-1(s), for a trust, you will need to purchase a copy of TurboTax Business as well as a personal income tax preparation product, such as TurboTax Premier in order to enter the K-1 on your personal income tax return (see note below). https://turbotax.intuit.com/small-business-taxes/

Note: TurboTax Business must be installed and run in a Windows environment; it is not available as an online product nor will it run natively on a Mac. Further, you still need a TurboTax personal income tax preparation product since TurboTax Business is not capable of preparing individual income tax returns (it can only prepare returns for entities).