If you have the Desktop Deluxe program you can enter everything. All the Desktop programs have the same forms. You just get more help and guidance in the higher versions.
If you have the online browser version you need Premier to enter the K-1 from the S corp.
To enter a K-1 go to
Federal Taxes Tab or Personal (Home & Business version)
Wages and Income
Then scroll way down to Business items
Schedules K-1, Q - Click the Start or Update button
Be sure to pick the right kind of K-1. There are 3 kinds, 1041, 1065 & 1120S
Enter each k-1 separately.
