Why sign in to the Community?

  • Submit a question
  • Check your notifications
Sign in to the Community or Sign in to TurboTax and start working on your taxes
New Member
posted Jun 4, 2019 7:25:28 PM

Using Turbotax Home & Business, how do I create a 1065 schedule K-1? I don't need to enter information from a K1, but generate it.

0 4 2127
1 Best answer
Level 15
Jun 4, 2019 7:25:30 PM

Sorry You need Turbo Tax Business to prepare the separate Business return.
The small business program (TT Business) is for 1120 Corporation, 1120S Corp, 1065 Partnership or 1041 Estate/Trust returns and will not do your personal 1040 return.   It  is a separate program from the Desktop Home & Business program or the Online Self Employed version.

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.
https://turbotax.intuit.com/small-business-taxes

4 Replies
Level 15
Jun 4, 2019 7:25:30 PM

Sorry You need Turbo Tax Business to prepare the separate Business return.
The small business program (TT Business) is for 1120 Corporation, 1120S Corp, 1065 Partnership or 1041 Estate/Trust returns and will not do your personal 1040 return.   It  is a separate program from the Desktop Home & Business program or the Online Self Employed version.

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.
https://turbotax.intuit.com/small-business-taxes

New Member
Jan 3, 2021 5:31:32 PM

Can turbo tax business run on iMac for 2020 returns.  How do I get a copy?

Level 15
Jan 3, 2021 6:22:17 PM

It can ONLY run on Windows ... but ....

 

You can probably run the Windows Business program on a Mac using a Windows Emulator like Parallels. But you would have to buy a copy of Windows to install in it.   Google Windows on Mac to get articles on the various  options

 

One of the other users posted this, There are 4 popular products you can use: Parallels, VMWare Fusion, Oracle VirtualBox, or CrossOver. The first 3 require you to also buy a copy of Windows. The first 2 cost $50-80, the third is free. CrossOver also costs about $50-$80 but does NOT require you to buy Windows.

 

Level 15
Jan 3, 2021 6:24:08 PM

The personal Home & Business version yes.  But not the separate Business program.  Sorry but Turbo Tax Business  is not available to do online or on a Mac.  You can probably run the Windows Business program on a Mac using a Windows Emulator like Parallels. But you would have to buy a copy of Windows to install in it.   Google Windows on Mac to get articles on the various  options.

 

You can buy the Windows Business program here,

https://turbotax.intuit.com/small-business-taxes/