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I get a K1 form from a dividend each year. I bought a TT Deluxe 2022. Before I open it I wanted to check to see if I can enter K1 in Deluxe or do I need Premier?

 
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4 Replies

I get a K1 form from a dividend each year. I bought a TT Deluxe 2022. Before I open it I wanted to check to see if I can enter K1 in Deluxe or do I need Premier?

If you are using the TurboTax online editions you will need Premier or Self-Employed for the Schedule K-1.

 

If you are using the TurboTax desktop CD/Download editions installed on a personal computer all of the desktop editions support Schedule K-1.

I get a K1 form from a dividend each year. I bought a TT Deluxe 2022. Before I open it I wanted to check to see if I can enter K1 in Deluxe or do I need Premier?

Thank you. 

 

I use the PC version. 

 

Back to Costco to exchange!!!  Glad I did not open it,

 

Happy New Year!

 

Cleona

I get a K1 form from a dividend each year. I bought a TT Deluxe 2022. Before I open it I wanted to check to see if I can enter K1 in Deluxe or do I need Premier?

@cleona-worley-ya  all Turbotax PC versions can handle K-1s I use desktop Deluxe and it handles my K-1s fine. 

 

you probably get the k-1 because your investment is really a master or publically traded partnership.  the money you call dividends are probably distributions that in themselves are not taxable but instead reduce your basis in the partnership 

I get a K1 form from a dividend each year. I bought a TT Deluxe 2022. Before I open it I wanted to check to see if I can enter K1 in Deluxe or do I need Premier?

@cleona-worley-ya Let's save you the aggravation of standing in the return line at Costco.  You do not need to do that.   You have the CD/download which can provide any form or schedule you are going to need for your K-1.  And further, if you start working on your return using the Deluxe CD and decide you really want Premier ---then all you would have to do is go up to the tool bar in the software and click "Upgrade" in order to upgrade to Premier.  You would only have to pay the small price difference between Deluxe and Premier in order to upgrade.

**Disclaimer: Every effort has been made to offer the most correct information possible. The poster disclaims any legal responsibility for the accuracy of the information that is contained in this post.**

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