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