If you receive a K-1 and are using the online version of Deluxe, you will need to upgrade to Premier in order to enter the information on the K-1.
The due date for the 1041 (for the 2020 tax year) is April 15, 2021 so the K-1 should follow on or before that date, but you should check with the administrator immediately so that you are aware of the procedure the administrator is intending to follow.
