You can start your personal Form 1040 in TurboTax Home and Business. But you will need the K-1 from TurboTax Business in order to complete your personal return. You can prepare the returns in any order you want, but you won't be able to finalize your personal return until you get the needed K-1 form from TurboTax Business.
Your daughter's sole proprietorship does not need anything from TurboTax Business. You will need the CA state version for both products, which you can add at any time.
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