Yes all the Desktop versions handle K-1. In Home & Business just click on the Personal Tab to the right of Business. You can skip the Schedule C inputs. You can jump around and enter things out of order and go back, etc.
To enter a K-1 go to
Federal Taxes Tab or Personal (Home & Business version)
Wages and Income
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
Enter each k-1 separately.
