TurboTax basic DOES have all the forms in the program. However, you would not be able to use the interview mode to enter your K-1, you would have to go into forms mode, find the form and properly fill it out. If you are comfortable with this, then yes, some people do use basic to complete their returns that have a K-1. Also, this does void the accuracy guarantee.
If you want to have the program do the calculations and select the forms, you would need to go with Premier in order to enter the K-1.
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