No you don't do a schedule C for it. Do not enter the K-1 under the Business tab. Delete all that. I have Home&Business too. I can post you screen shots. You enter the K-1 under
Personal Tab
Personal Income - select I'll Choose what I work on
Scroll way down to: Business Investment and Estate/Trust Income
Then Schedule K-1
Or do you mean you need to file a 1120 S return? You need to buy Turbo Tax Business, not to be confused with the personal Home & Business version. Home & Business is just for personal returns that need schedule C for self employment.
You can buy the stand alone do it yourself Business Download program for Windows here (it is not available to do online or for Mac).
https://turbotax.intuit.com/small-business-taxes/cd-download
So you will need 2 programs. Business and a separate program for your personal return. You can have both a personal program and the Business program installed on the same computer at the same time.
