Get your taxes done using TurboTax

Are you sure you are still in the Free edition of TurboTax?  Look in the black bar on the left of your screen. You should see the version below the TurboTax logo.  [See Screenshot #1, below.]

In the K-1 section of TurboTax, on the screen Did you receive any Schedules K-1?  after you click the Yes box you should see a screen that you need to update to TurboTax Premier.  [Screenshot #2]

1. Click on Federal > Wages & Income
2. Under S-corps, Partnerships, and Trusts, click on the box next to Schedule K-1. 
3. On the Tell Us About Your Schedules K-1 screen.  Click on the Start/Update box next to the type of entity (partnership, S-corporation, or trust/estate) that issued the K-1.     
4. If you have already entered K-1 information, you will see a Summary screen.  Click Add Another K-1 to enter your information  (or click on Edit to continue with the existing form entry).    
5. If you haven't started entering K-1 information, continue through the screens, entering the requested information.

Screenshot #1

Screenshot #2