Yes, if you were the beneficiary, you are required to report the distribution received from the estate. To enter a Schedule K-1 of Form 1041 in TurboTax online program, you will need to upgrade to TurboTax Premier online edition to complete your information and filing.
From TurboTax Deluxe edition, follow these steps:
1. After sign into your account, select Take me to my return
2. At the right upper corner, in the search box , type in K1 and Enter
3. Select the 1st choice on the search results - Jump to K1
4. On next screen, Schedules K-1 or Q, answer Yes
5. Follow prompts to upgrade to enter your information
