You have a 1041 K-1 form? So someone else prepared the 1041 Estate/Trust return? You enter the K-1 into your personal 1040 return. If you are using the Online version you need Premier or higher to enter a K-1. Or any of the Desktop installed programs. You don't need to buy the separate $190 Business program.
To enter a K-1 go to
Federal Taxes Tab or Personal (Home & Business version)
Wages and Income
Then scroll way down to S-Corp, Partnerships and Trusts
Schedules K-1 - Click the Start or Update button
Be sure to pick the right kind of K-1. There are 3 kinds, 1041, 1065 & 1120S
