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New Member
posted Jun 4, 2019 11:22:47 PM

Schedule K-1 which turbotax do I use? I purchased Home & Business but I am not seeing an option to enter partnership income.

If I need to upgrade to Premier, can I get refunded for mistakenly purchasing Home and Business?

0 4 6776
4 Replies
Level 15
Jun 4, 2019 11:22:48 PM

Home & Business is the highest version.  It is the same as Premier but with more help for schedule C income.  You can use it for all personal tax returns.

Level 15
Jun 4, 2019 11:22:50 PM

To enter a Schedule K-1

  • Click on Federal Taxes (Personal using Home and Business)
  • Click on Wages and Income (Personal Income using Home and Business)
  • Click on I'll choose what I work on (if shown)
  • Scroll down to Business Items (Business Investment and Estate/Trust Income using Home and Business)
  • On Schedule K-1, click on the start or update button

Or enter k-1 in the Search/Find box located in the upper right of the program screen.  Click on Jump to k-1

Alumni
Jun 4, 2019 11:22:51 PM

NOTE:  @terhoads1    Using the Desktop program (note this is relevant to Desktop program only), all versions - Basic through Home&Business, support the taxpayer entry of information from a Schedule K-1 received showing income and allocated expense allocated to the taxpayer.

Returning Member
Mar 26, 2022 6:43:50 PM

Can I use home and business form 1065 and K1 form