Yes. The Premier edition supports entry of a Schedule K-1
To enter a Schedule K-1
- Click on Federal Taxes
- Click on Wages and Income
- Click on I'll choose what I work on (if shown)
- Scroll down to Business Items
- On Schedule K-1, Q, click on the start or update button
Or see this TurboTax support FAQ on entering a Schedule K-1 - https://ttlc.intuit.com/questions/1900938-where-do-i-enter-a-k-1-that-i-received
