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Business & farm
Yes, you'll need two TurboTax products. You first have to complete your business income tax return, Form 1065, U.S. Return of Partnership Income using TurboTax Business. TurboTax Business will generate Form K-1's.
You'll enter your Form K-1's on your personal income tax return. The TurboTax products that support K-1's are:
- TurboTax Online Premier and Self Employed. Each of these products have a TurboTax Live that you may add on.
- TurboTax CD\Download Deluxe, Premier and Home & Business.
- What's the difference between TurboTax Online and the TurboTax CD/Download?
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‎January 21, 2020
9:08 AM