Yes . You need to use the Premier version of TurboTax to enter a Schedule K-1 in TurboTax. There are three types of K-1s, depending on the type of entity creating the K-1: partnership, S-corporation and trust/estate must use the proper form. If you have NJ partnership income, you need to use form NJ 1065 K-1. The form 1120 S is for S corp.
See, instructions on NJ Partnership return and NJ 1065 K1, link
