Heather14
New Member

Business & farm

You will need TurboTax Premiere or Home & Business if you are preparing your return in TurboTax Online. If you are using TurboTax CD/Download, you can prepare your return with a Schedule K-1 using versions of TurboTax Deluxe and higher. 

To enter your K-1 in your return, you can see the instructions listed in the following TurboTax FAQ:

https://ttlc.intuit.com/replies/3301717

 

If you are a partner in a partnership, the information you need to prepare your individual tax return is on the Schedule K-1 you received from the partnership, not on Form 1065. K-1s can be complicated forms with lots of lines, but TurboTax asks about the data you need to enter.