Like I said you can use Deluxe. Did you get a K-1 for the business or do you need to fill out schedule C for self employment? You can enter both of those into Deluxe. Give it a try before upgrading.
To enter a K-1 go to
Federal Taxes Tab
Wages and Income
Choose Jump to Full List -or I'll choose what I work on
Then scroll way down to Business Items
Schedules K-1, Q - Click the Start or Update button
Be sure to pick the right kind of K-1. There are 3 kinds, 1041, 1065 & 1120S
For Self Employment on Schedule C:
Federal Taxes Tab
Wages & Income
Choose Jump to Full List -or I'll choose what I work on
Then scroll way down to Business Items
Business Income and Expenses - Click the Start or Update button
You use your own name, address and ssn or business name and EIN if you have one. You should say you use the Cash Accounting Method and all income is At Risk.
After it asks if you received any 1099Misc it will ask if you had any income not reported on a 1099Misc. You should be keeping your own records. Just go through the interview and answer the questions. Then you will enter your expenses.
