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"If I have a relatively simple K-1 from a trust can I still use Turbotax Deluxe"

No, not the online version of TurboTax Deluxe. In order to enter information from a K-1 (even a simple K-1) with an online version of TurboTax, you will need at least TurboTax Premier. 

You can, however, enter information from a K-1 with any desktop (CD/Download) version of TurboTax.

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