@ScruffyCurmudgeon wrote:
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If you receive a form K-1 or have investments, you need either PREMIER or HOME&BUSINESS
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TurboTax Deluxe 2020 and 2021 for desktop support entering data from Forms K-1. See Wages & Income>Business Items>Schedules K-1, Q. It gives you three options when entering details:
- Partnerships/LLCs (Form 1065)
- S corporations (Form 1120S)
- Estates or trusts (Form 1041)
It's not clear if you meant that requirement only applies to the online versions.
I only have those years of Deluxe on hand to check; it's probably supported in other years too.
P.S. One more thing about Forms K-1 that wasn't made clear: If you want to generate K-1s for a trust, etc. then you need TurboTax Business. Also good to know: You cannot generate your personal returns with TurboTax Business (unlike the similarly-named TurboTax Home & Business).
