As beneficiary on a trust (received a Schedule K-1, Form 1041), can I report that information on the Home and Business online version or do I need to buy the disc?

[Mike9241]

all desktop versions handle k-1s

[iiisee]

Yes, but I typically use the online version of Home and Business - and would like to this year. Previous comments on this  forum suggest all disc versions allow input of K-1, Form 1041 info and but not all online versions do. 

[DoninGA · Accepted solution]

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@iiisee wrote:

Yes, but I typically use the online version of Home and Business - and would like to this year. Previous comments on this  forum suggest all disc versions allow input of K-1, Form 1041 info and but not all online versions do. 

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Only the Premium online edition supports entry of a Schedule K-1

Online Edition-

To enter a Schedule K-1

Click on Federal
Click on Wages & Income
Scroll down to S-corps, Partnerships, and Trusts
On Schedule K-1, Q, click on the start or revisit button

[iiisee]

Thank you for this useful guidance!