Munzer1
Returning Member

Does turbo tax basic process K-1?

1) Would turbo tax (TT) basic allow me to enter K-1 that I have received from multi-partnership rental partner? I am passive investor. 

 

2) Would TT then automatically populate form 8825, 4562, 8582, 8995, and Schedule 1 and E?

 

3) Would TT then transfer the above mentioned data to form 1040?

 

4) Using TT Basic I was able to enter all K-1 data but TT basic did not populated any of the forms mentioned in item 2 and 3 above. What is wrong with TT basic?