No, you do not have to re-enter your business expenses.
To enter in your schedule k-1 you will need at least the premier version. The k-1 has all of the expenses and income you need to enter on it, you do not need to enter in the expenses you all ready reported on your business return. If there are expenses that you did not report on your business return or have a home office deduction you need to take then you should use the Self-Employed (online) or Home and Business (desktop) version.
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