The Partnership tax return, Form 1065, is only available using the TurboTax Business Edition - https://turbotax.intuit.com/small-business-taxes/
The Business Editon can only be installed on a Windows base personal computer, not on a Mac or online. The Business Edition cannot complete a personal tax return, Form 1040.
IRS Form 1065, U.S. Return of Partnership Income - https://www.irs.gov/forms-pubs/about-form-1065
My wife and I are the sole members in a PA limited partnership that owns a rental property. So to complete the Partnership Return and report the income on my personal 1040 tax return then it appears I need to buy two Turbo Tax Editions. The Business Premier for the Partnership and the Premier Edition to complete my personal return, is this correct?
Yes. You need to also buy the separate Business program. There's just one Business (not a Premier one).
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.
Yes, you'll need two TurboTax products. You first have to complete your business income tax return, Form 1065, U.S. Return of Partnership Income using TurboTax Business. TurboTax Business will generate Form K-1's.
You'll enter your Form K-1's on your personal income tax return. The TurboTax products that support K-1's are: